Recently Viewed
Clear AllBidding Date
26-Sep-2024 to
30-Sep-2024
Issue Size
₹158 Cr
Price Band
₹159 to ₹168
Allotment date
01-Oct-2024
Listing date
04-Oct-2024
Lot size
88
No. of shares
94,05,000
Fresh issue/OFS
₹158 Cr /--
Founded in 1982, Diffusion Engineers Ltd initially traded welding electrodes before transitioning into manufacturing them in 1993. The company specializes in manufacturing welding consumables, wear plates, wear parts, and heavy engineering machinery for core industries like cement, steel, power, and mining. It is involved in trading anti-wear powders, welding, and cutting machinery. The company has developed a forward integration system that allows it to produce welding electrodes and flux-cored wires used in the manufacturing of wear-resistant plates, which are essential for large industrial equipment. Its products serve critical industries like cement, steel, power, oil & gas, and mining. The company has also established international presence through subsidiaries in Singapore, Turkey, and the Philippines, and joint ventures in the United Kingdom and Malaysia. With four manufacturing units located in Nagpur, the company is strategically positioned to supply its products to both domestic and international markets, with a strong focus on R&D to remain competitive.
Read our in-depth analysis of the Diffusion Engineers Ltd IPO Here
Category
Status
QIBs
95.7x
NIIs
207.6x
Retail
85.3x
Others
94.9x
Total
114.3x
The issue size of Diffusion Engineers is ₹158.00 Cr.
Diffusion Engineers falls into Machinery & Equipments industry.
The Diffusion Engineers IPO will be listed on both NSE and BSE.
The open and close dates for the Diffusion Engineers are 26-Sep-2024 & 30-Sep-2024.
The price band for the Diffusion Engineers ipo is ₹159 to ₹168
The listing date of Diffusion Engineers IPO is 04-Oct-2024.
The purpose of this IPO is to raise fresh capital.
Diffusion Engineers total subscription ratio is 114.3X.
Key financial of the Diffusion Engineers are:
| Diffusion Engineers | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 278.15 | 254.88 | 204.59 |
| EBIT (₹ Cr) | 34.32 | 24.04 | 18.32 |
| Proft after Tax (₹ Cr) | 30.8 | 22.15 | 17.05 |
| Debt (₹ Cr) | 34.44 | 48.09 | 24.6 |
| Net Worth (₹ Cr) | 191.02 | 142.17 | 120.84 |
| RoE (%) | 16.13 | 15.58 | 14.11 |