Diffusion Engineers Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹159 - ₹168
- Lot size
- 88 shares
- Issue amount
- ₹157.96 cr
- Total subscription
- 114.49×
- Opens
- 26 Sept 2024
- Closes
- 30 Sept 2024
- Allotment
- 1 Oct 2024
- Listing
- 4 Oct 2024
Offer at a glance
Issue overview
- Issue size
- 94,05,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,992
- Fresh issue
- ₹158 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,784
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,80,21,259
- Shares after issue
- 3,74,26,259
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 88 | ₹14,784 |
| sHNI | 14 | 1,232 | ₹2,06,976 |
| bHNI | 68 | 5,984 | ₹10,05,312 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs(10L +) | 759 | 30,707 |
| HNIs (2-10L) | 380 | 78,312 |
| RETAIL | 37,207 | 28,32,367 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 31.43 | 3,009.24 |
| RETAIL | 55.01 | 4,708.96 |
| NIB | 23.57 | 4,894.09 |
| HNIs 2+ | 7.86 | 1,698.35 |
| HNIs 10+ | 15.72 | 3,195.74 |
| EMPLOYEES | 0.84 | 79.83 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 10.94 | 7.91 | 6.08 |
| ROE | 18.52 | 16.86 | 15.1 |
| ROCE | 20.63 | 18.46 | 17.3 |
| RONW | 18.52 | 16.86 | 15.1 |
| PRE IPO(PE) | 15.28 | 0 | 0 |
| POST IPO(PE) | 20.41 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Diffusion Engineers Limited, established in 1982, is a leading manufacturer of welding consumables, wear plates, and heavy machinery, providing advanced repair and reconditioning solutions to key industries. Utilizing its Super Conditioning process, the company enhances wear resistance, reduces stress, and improves the reparability of machine components, extending service life and reducing production costs. Operating four manufacturing units, including a newly commissioned Unit IV in FY 2024, Diffusion Engineers produces specialized welding electrodes, flux-cored wires, wear parts, and abrasion- and corrosion-resistant coatings. Supported by over 130 qualified engineers as of February 29, 2024, the company demonstrates strong expertise and innovation in delivering durable, efficient machinery solutions.
Strengths
- Strong Industry Presence: Serves 472–503 customers, contributing over 70% to revenue.
- Consistent Financial Growth: Revenue CAGR of 10.26% over 11 years (₹878M → ₹2,571M).
- Diversified & Loyal Customer Base: Long-standing relationships across a wide industry spectrum.
Risk factors
- Domestic Market Dependency: Heavy reliance on local demand increases vulnerability to downturns.
- Negative Cash Flows: Past instances of negative cash flow may affect financial health if recurring.
- Industry Cyclicality: Performance tied to related sectors; economic slowdowns could impact operations and revenue.
Promoters
Mr. Prashant Garg
Dr. Nitin Garg
Ms. Chitra Garg
Registrar & documents
Lead manager
Unistone Capital Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
T-5 & T-6, Nagpur Industrial Area, MIDC, Hingna, Nagpur - 440016
+91 9158317943
[email protected]Company website ↗Understanding DIFFNKG IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.