Diffusion Engineers Ltd. IPO

Diffusion Engineers Limited is a leading manufacturer of welding consumables, wear plates, and heavy engineering machinery. With over four decades of experience, the company provides specialized repair and reconditioning services for industrial equipment. Diffusion Engineers' focus on quality, innovation, and customer satisfaction has enabled it to establish a strong presence in the Indian market and expand its operations internationally. The company's expertise in welding technology, wear resistance solutions, and heavy engineering makes it a trusted partner for industries such as cement, steel, power, and mining.

RHP
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DRHP
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Open Date

2024-09-26

Close Date

2024-09-30

IPO Details

Check out the issue details for Diffusion Engineers Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 168

Price Band

₹ 159 - 168

Issue Size

158 Cr.

Issue Type

Book Built

Open

2024-09-26

Close

2024-09-30

Listingprice

₹ 193.5

ListingGain

15.18%

Listing Date

2024-10-04

CMP

₹ 258.31

Current Return

53.76%

Company Financials

You can get the following financial statements of Diffusion Engineers Ltd. as of now.

Subscription Details

The details about the Diffusion Engineers IPO are as:

  • The issue size of the IPO is 158 Cr.
  • The price band for Diffusion Engineers IPO is Rs 159 to Rs 168.
  • The shares of Diffusion Engineers IPO will list on 4th October 2024.
  • The latest tentative GMP of Diffusion Engineers IPO is Rs 65.
  • The shares of Diffusion Engineers IPO are subscribed 114.43 Times as of 30th September 2024. 

 

Diffusion Engineers IPO Valuation

The approx valuation of Diffusion Engineers IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 168
Existing Shares (Qty) 2.80 Cr
Fresh Issue 158 Cr
Market Cap 628.4 Cr
EPS (FY23) Rs 10.94
PE Ratio 15.35x
Industry PE 32.45x

 

Diffusion Engineers IPO Issue Size

Diffusion Engineers IPO issue size is 158 Cr.

Issue Amount
Fresh Issue 158 Cr
Offer For Sale 0 Cr

 

Diffusion Engineers IPO Market Lot

An Individual can apply for a minimum 1 lot of 88 shares and a maximum of 13 lots of 1144 shares. Find the details below:

Application Lot Shares Amount
Minimum 1 88 Rs 14,784
Maximum 13 1144 Rs 1,92,192

 

Diffusion Engineers IPO share offer

The shares of Diffusion Engineers IPO are subscribed 114.43 Times as of 30th September 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 95.74 Times
Non Institutional Minimum 15% 207.58 Times
Retail Individual Minimum 35% 85.48 Times
Employees 50,000 Shares 95.00 Times
Total   114.43 Times

 

Diffusion Engineers IPO Details

The Diffusion Engineers IPO is a book-built issue aiming to raise Rs 158 crores through a fresh issue of 0.94 crore shares. The IPO will be open for subscription from September 26, 2024, to September 30, 2024, with allotment expected to be finalized by October 1, 2024. The shares are set to list on the BSE and NSE on October 4, 2024.

The Diffusion Engineers IPO price band is set between Rs 159 to Rs 168 per share. Retail investors can apply with a minimum lot size of 88 shares, requiring an investment of Rs 14,784. For sNII (Small Non-Institutional Investors), the minimum investment is 14 lots (1,232 shares), totalling Rs 206,976. For bNII (Big Non-Institutional Investors), the minimum is 68 lots (5,984 shares), amounting to Rs 1,005,312.

The issue also includes a reservation of up to 50,000 shares for employees, offered at an Rs 8 discount per share. Unistone Capital Pvt Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd acts as the registrar for the IPO.

Overall, the Diffusion Engineers IPO offers an investment opportunity with its fresh share issue and competitive price band, set to boost the company’s growth and market presence.

Allotment Details

Find below the dates for Diffusion Engineers IPO:

Schedule Date
Basis of Allotment 1 October 2024
Refunds 3 October 2024
Credit to Demat Account 3 October 2024
IPO Listing Date 4 October 2024

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 146.35 152.31 195.76 244.07 257.13
Total Expenditure 130.98 133.23 174.11 219.71 226.86
Operating Profit 15.37 19.08 21.65 24.36 30.27
Other Income 2.21 1.75 4.15 3.78 7.19
Interest 1.9 1.9 1.35 2.22 1.7
Depreciation 3.05 3.74 3.84 3.38 3.86
Exceptional Items 0 0 0 0 -0.26
Profit Before Tax 12.62 15.2 20.62 22.55 31.66
Provision for Tax 3.56 4.74 4.87 5.73 8.26
Net Profit 9.06 10.46 15.76 16.82 23.24
Adjusted EPS (Rs.) 0.35 0.4 0.6 0.64 0.83

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 3.74 3.74 3.74 3.74 28.02
Total Reserves 92.02 101.17 117.22 132.93 150.3
Borrowings 11.63 5.56 2.8 1.67 0
Other N/C liabilities 3.4 4.12 3.59 4.12 5.81
Current liabilities 58.03 39.83 58.28 81.46 75.57
Total Liabilities 168.83 154.42 185.62 223.92 259.7
Assets
Net Block 60.3 55.66 58.45 60.83 88.22
Capital WIP 0 0 0 1.83 1.11
Intangible WIP 0 0 0 0 0
Investments 17.03 16.36 23.94 21.23 29.54
Loans & Advances 4.76 4.56 1.12 1.24 1.43
Other N/C Assets 0 0 4.75 5.17 4.75
Current Assets 86.73 77.85 97.36 133.63 134.65
Total Assets 168.83 154.42 185.62 223.92 259.7
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 12.62 15.2 20.62 22.55 31.66
Adjustment 8.64 0.32 2.95 4.92 1.12
Changes in Assets & Liabilities -6.68 4.61 -13.81 -38.86 5.35
Tax Paid -2.97 0 -4.25 -4.57 -6.56
Operating Cash Flow 11.61 20.12 5.51 -15.96 31.57
Investing Cash Flow -26.38 2.16 -10.09 -3.81 -33.45
Financing Cash Flow 14.04 -18.95 2.54 19.65 2.57
Net Cash Flow -0.73 3.33 -2.04 -0.12 0.69
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