| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹157.96 Cr |
| Fresh Issue | ₹157.96 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹159.00-168.00 per share |
| Discount | Retail: 0.00,Employee: 8.00 |
| BSE Code | 544264 |
| NSE Code | DIFFNKG |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Unistone Capital Pvt.Ltd. |
| Allotment Status | |
| DRHP | |
| RHP | |
| Final Prospectus | |
| Anchor List |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 88 shares and in multiples thereof
Founded in 1982, Diffusion Engineers Limited is active in the manufacture of welding consumables, wear plates and parts, and heavy machinery for core industries.
The company offers specialized repair and reconditioning services for heavy machinery and equipment. The company also trades in wear protection powders and welding and cutting machines. At its production facilities, the company offers the Super Conditioning process, a surface treatment for machine components that increases wear resistance, eliminates stresses, and improves reparability, ultimately extending service life and reducing production costs.
Diffusion Engineers Limited has four manufacturing units, of which Units I, II, and III are located at Nagpur Industrial Area, Hingna, Nagpur, Maharashtra, and Unit IV at Khapri (Uma), Nagpur, Maharashtra is responsible for the processing and manufacturing of the products. The manufacturing operations are spread across the various units as follows:
As of February 29, 2024, the company had a team of over 130 qualified engineers.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements towards expansion of the existing manufacturing facility at Khasra No. 36, 38/1, 38/2, 38/3, Khapri (Uma), Nagpur- 441 501, Maharashtra, India (“Proposed Expansion”) | 71.38 |
| 2 | Setting up of a new manufacturing facility located at Plot Nos. 33-B/1/1/ & 33-B/1/1/Part, MIDC, Hingna, Sonegaon District, Nagpur – 440 016, Maharashtra (“Proposed Facility”) | 30.39 |
| 3 | Funding working capital requirements of the Company; and | 22.00 |
| 4 | General Corporate Purposes | 18.43 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 275.59 | 230.34 | 189.55 |
| Total Income | 285.56 | 258.67 | 208.75 |
| Profit After Tax | 30.80 | 22.15 | 17.05 |
| NET Worth | 190.70 | 142.00 | 120.65 |
| Reserves and Surplus | 163.03 | 138.39 | 117.34 |
| Total Borrowing | 34.44 | 48.09 | 24.60 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 18.52% |
| ROCE | 20.63% |
| Debt / Equity | 0.18% |
| RoNW | 18.52% |
| PAT Margin | 10.79% |
| Price to Book Value | 2.47 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 10.99 | 8.23 |
| P/E (x) | 15.28 | 20.41 |
| Promoter Holding | 93.1% | 69.7% |
| Market Cap | ₹628.76 Cr. | |