Diffusion Engineers Limited

Company Profile
Company Name Diffusion Engineers Limited
Open Date 26-09-2024
Close Date 30-09-2024
Exchange BSE, NSE
Lot Size 88 Shares
Issue Price ₹159 to ₹168 per share
Issue Size 94,05,000 shares
Application Amount ₹ 14,784 – ₹ 1,92,192 (88 to 1,144 shares)
Recommendation Apply

Diffusion Engineers Limited was originally formed and incorporated on Nov 05, 1982. The registered office is located at Nagpur, Maharashtra. The company is engaged in the business of manufacturing welding consumables, wear plates and wear parts and heavy engineering machinery. They also provide specialized repairs and reconditioning services for heavy machinery/ equipment and are involved in trading of anti-wear powders and welding and cutting machinery. The company had 654 employees as of July 31, 2024.

(Read more on the review)

Financial Summary in Cr

KPI’s FY 22 FY 23 FY 24
Revenue 204.59 254.88 278.14
EBITDA 23.37 31.00 39.97
Net Profit 17.05 22.14 30.80
RoCE 15.04% 18.30% 17.96%
ROE 14.13% 15.59% 16.15%
P/E 27.63 21.24 15.36

Tentative Timeline

Opening Date 26/09/2024
Closing Date 30-09-2024
Basis of Allotment 01-10-2024
Initiation of Refunds 03-10-2024
Credit of Shares to Demat 03-10-2024
Listing Date 04-10-2024

Objects of the Issue

Funding capital expenditure requirements towards Proposed Expansion of their existing manufacturing facility at Unit IV
Setting up of a new manufacturing facility at Hingna, Sonegaon District, Nagpur, Maharashtra (“Proposed Facility”)
Funding working capital requirements of the Company
General Corporate Purposes

Contact Information

Registered Office Diffusion Engineers Limited T-5 & T-6, Nagpur Industrial Area, MIDC, Hingna, Nagpur - 440016
Phone +91 9158317943
Email cs@diffusionengineers.com
Website https://www.diffusionengineers.com/

Registrar Details

Name Bigshare Services Private Limited
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

QIB Shares Offered Not more than 50.00% of the offer
Retail Shares Offered Not less than 35.00% of the offer
NII (HNI) Shares Offered Not less than 15.00% of the offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 93.10%
Share Holding Post Issue (Promoters) 69.70%

Contact Us to Enable Your Success!