Diffusion Engineers IPO

Diffusion Engineers IPO

Diffusion Engineers Ltd

₹14,784 / 88 shares

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Diffusion Engineers IPO Details

RHP/DRHP

Issue Date

--

Price Range

₹159 - ₹168

Lot Size

88

IPO Size

₹158.00 Cr

Diffusion Engineers IPO Listing Details

Listing On

4 Oct'24

Issue Price

₹168

Listed Price

₹ 193.5

Retail Gain/Listing Gain

▲15.18%

Schedule of Diffusion Engineers IPO

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

04/10/2024

Diffusion Engineers Company Background

Diffusion Engineers Limited manufactures welding consumables, wear plates, wear parts and heavy engineering machinery for core industries. With over four decades of experience, the company is dedicated to providing specialised repairs and reconditioning services for heavy machinery and equipment.

With that, let's take a look at the competitive strength and risk factors for Diffusion Engineers Limited:

Synergistic business models focused on forward integration

The company embarked on forward integration journey, transitioning from being a manufacturer of welding electrodes to producing flux-cored wires, wear plates, wear parts, and presently heavy engineering, broadening their scope and expertise in the industry. Over the years, they have expanded their capabilities to offer not only quality welding consumables but also comprehensive welding services for core industries.

Long-standing relationships with customers across industries

In over 4 decades of business operations, the company has established long-standing relationships with several Indian and global customers across industries. They have served 503, 500 and 444 customers in FY 2024, 2023 and 2022, respectively.

Strategically located manufacturing facilities

The company’s operations in Nagpur, Maharashtra, is strategically located at the heart of the country, providing significant advantages for their business operations. Their central location ensures easy access to industries across the entire country, streamlined logistics for procurement and timely delivery to customers.

Risk Factors

  • The company is increasingly dependent on a domestic market for its sales and any a downturn in it could dent their market share.

  • The company had negative cash flows during certain fiscal years in relation to operating, investing, and financing activities. Sustained negative cash flows in the future would adversely affect the results of operations and financial conditions.

  • The company operates from four manufacturing facilities all of which are located in Nagpur, Maharashtra. Any localized social unrest, natural disaster or breakdown of services or any other natural disaster in and around, Nagpur, Maharashtra or any disruption in production at, or shutdown of, all their manufacturing units could hurt their business.

Key Strategies

  • Strategically expand into nickel, cobalt and iron-based powder manufacturing to further enhance welding consumables portfolio

  • Expand their geographical reach

  • Strategically lease and maintain business model for heavy equipment

Here are the key financials for Diffusion Engineers Limited:

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How To Apply for Diffusion Engineers Ltd IPO?

Here are the steps to apply for Diffusion Engineers Ltd IPO:

Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Diffusion Engineers IPO FAQs

The Diffusion Engineers IPO opens for subscription from [-] to [-], with a total issue size of ₹158.00 Cr. The IPO price band is ₹159 to ₹168 per share with a lot size of 88. The company aims to list the shares on BSE & NSE on 04-10-2024.

The Diffusion Engineers IPO will open for subscription on [-] and will close on [-] for investors.

The minimum lot size for the Diffusion Engineers IPO is 88 equity shares, requiring a minimum investment of ₹14784 for retail investors applying in the IPO.

The price band of the Diffusion Engineers IPO has been fixed at ₹159 to ₹168 per equity share.

You can apply for the Diffusion Engineers IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

Diffusion Engineers IPO allotment will take place on [-].

You can check the Diffusion Engineers IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

Diffusion Engineers shares will list on the stock exchanges on 04-10-2024.

You can find detailed information about the Diffusion Engineers IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).

The Diffusion Engineers IPO has an issue size of ₹157.96 crores. The IPO opens for subscription on 26/09/2024 and closes on 30/09/2024.

Bigshare Services Private Limited is the registrar for this IPO.

Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.

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