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IPO Status: Closed [26th Sep 2024 to 30th Sep 2024]
Diffusion Engineers IPO, a Mainline IPO of ₹158.00 Cr opens for subscription from 26-09-2024 to 30-09-2024. The IPO consists of ₹158.00 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 159.00-168.00 per share. You can apply to the Diffusion Engineers Mainline IPO for a minimum lot of 88 shares amounting of Rs 14784.
The tentative listing date on the exchange (BSE, NSE) is 04-10-2024.Stay tuned with us to get more details about Diffusion Engineers Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| IPO Issue Opening Date: | 26th Sep 2024 |
| IPO Issue Closing Date: | 30th Sep 2024 |
| IPO Issue Price: | ₹159.00-168.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹158.00 Cr |
| Fresh Issue: | ₹158.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | Emplopee:8.00 |
| Promoter Holding Pre IPO: | 93.10% |
| Promoter Holding Post IPO: | 69.70% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544264 |
| NSE Code: | DIFFNKG |
Get important updates regarding Diffusion Engineers IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Oct 2024 |
| Refunds Initiation* | 3rd Oct 2024 |
| Credit of Shares to Demat* | 3rd Oct 2024 |
| IPO Listing Date* | 4th Oct 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹159.00-168.00 |
| Market Lot: | 88 Shares |
| 1 Lot Amount: | ₹14784 |
| Min Small HNI Lots(2-10 Lakh): | 1232 shares (14 lots) - ₹206976 |
| Min Big HNI Lots(10+ Lakh): | 5984 shares (68 lots) - ₹1005312 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-10-2024 | 168.00 | 55 | 3700/51800 | ₹223 (32.74%) | 3-Oct-2024 17:26 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Diffusion Engineers Limited was founded in November 1982. The company is involved in manufacturing welding consumables, wear plates and parts and heavy machinery for the nuclear industry. With decades of experience, the company offers specialized repair and overhaul services for heavy machinery and equipment. In addition, the company is also active in the trade of wear protection powders and welding and cutting machines.
In their production facilities, they offer a super conditioning process, a solution for the surface treatment of machine components that increases wear resistance, eliminates stresses and improves reparability, ultimately extending service life and reducing production costs. The company has developed a synergistic forward integration system in which it manufactures speciality electrodes and cored wires that are used to produce wear-resistant plates (commonly known as wear plates).
The company focuses on the development of alloys and processes, quality and design to manufacture products according to its customers’ needs. With a team of over 130 qualified engineers in various departments (as of February 29, 2024) and decades of experience in the field of welding consumables and wear plates, the company has the expertise to design, develop and manufacture complex and specialized industrial equipment and components for original equipment manufacturers and end users.
| Incorporation | Sector | IPO Issue Size | Website |
| 1982 | Industrial Products | ₹158.00 Cr | https://www.diffusionengineers.com/ |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from BSE, NSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 1,871,000 (28.35%) | 1,403,250 (21.27%) | 3,274,250 (49.62%) | 50,000 | 6,598,500 | |
| 1 | 26th Sep 2024 19:04 | 0.03x | 6.85x | 11.58x | 17.43x | 7.34x |
| 2 | 27th Sep 2024 19:04 | 0.28x | 47.39x | 34.85x | 38.09x | 27.74x |
| 3 | 30th Sep 2024 18:21 | 95.74x | 207.60x | 85.61x | 95.05x | 114.50x |
Diffusion Engineers Limited's revenue increased by 10% and profit after tax (PAT) rose by 39% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 275.59 | 230.34 | 189.55 | |||||||||||||||||||||||||||
| Revenue | 285.56 | 258.67 | 208.75 | |||||||||||||||||||||||||||
| Profit After Tax | 30.8 | 22.15 | 17.05 | |||||||||||||||||||||||||||
| Net Worth | 190.7 | 142 | 120.65 | |||||||||||||||||||||||||||
| Reserves and Surplus | 163.03 | 138.39 | 117.34 | |||||||||||||||||||||||||||
| Total Borrowing | 34.44 | 48.09 | 24.6 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Diffusion Engineers Limited | 10.94 | 10.94 | 68.06 | 18.52 | ||
| Ador Welding Ltd. | 46.46 | 46.46 | 266.49 | 29.01 | 18.43 | |
| Aia Engineering Ltd. | 120.4 | 120.4 | 705.86 | 35.88 | 18.41 |
Last Updated on 03-Oct-2024 17:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Diffusion Engineers IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Diffusion Engineers IPO with Zerodha.
Alternate approch to apply in Diffusion Engineers IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Diffusion Engineers IPO Review and Important Updates
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To subscribe or apply in Diffusion Engineers IPO, you can use the following methods:
| Diffusion Engineers IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Diffusion Engineers IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Diffusion Engineers IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Diffusion Engineers IPO. Most of the Syndicate Banks provide access to apply in Diffusion Engineers IPO via ASBA process. You must have your net banking access, DP ID information to apply in Diffusion Engineers IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Diffusion Engineers IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Diffusion Engineers IPO Review and Important Updates
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Diffusion Engineers IPO is going to be list on 04-10-2024. NSE Code for Diffusion Engineers is DIFFNKG. BSE Code for Diffusion Engineers is 544264.
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Diffusion Engineers IPO Allotment Date is 01-10-2024.
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