Diffusion Engineers IPO
Diffusion Engineers IPO — date, price band, lot size & details 2024
Diffusion Engineers listed on 4 Oct 2024 at ₹193.5, 15.2% above the ₹168 issue price.
Diffusion Engineers makes welding consumables, wear plates, wear parts and heavy engineering machinery, and offers repair and reconditioning services. Its total income was Rs 285.56 crore in FY2024.
Stock price
Diffusion Engineers is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 26 Sep 2024
- Close 30 Sep 2024
- Allotment 01 Oct 2024
- Refund/credit 03 Oct 2024
- Listing 04 Oct 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 26 to 30 Sep, 2024 |
|---|---|
| Price Band | ₹159 – ₹168 |
| Face Value | ₹10 |
| Lot Size | 88 Shares |
| Issue Size | ₹157.96 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 8.00 per share |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 14,784 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 88 shares at the ₹168 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 88 | ₹14,784 |
| Retail (max) | 13 | 1,144 | ₹1,92,192 |
| S-HNI (min) | 14 | 1,232 | ₹2,06,976 |
| S-HNI (max) | 67 | 5,896 | ₹9,90,528 |
| B-HNI (min) | 68 | 5,984 | ₹10,05,312 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 208.75 crore in FY2022 to Rs 285.56 crore in FY2024.
- 02Profit after tax rose from Rs 17.05 crore in FY2022 to Rs 30.80 crore in FY2024.
- 03The pre-issue P/E was 15.28 at the upper band of Rs 168, based on EPS of Rs 10.99.
- 04The whole Rs 157.96 crore issue was fresh capital for expansion.
- 05Borrowing was low at Rs 34.44 crore on 31 March 2024.
Risks · 5
- 01Demand depends on capex and maintenance spending in core industries such as steel, cement and power, and the source puts the PAT margin at 10.79%.
- 02The company is small, with net worth of Rs 190.70 crore.
- 03Two plant projects worth Rs 101.77 crore carry execution risk.
- 04Return on net worth was 18.52% as per the source.
- 05Promoters and the promoter group held 93.1% before the issue and 69.7% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Diffusion Engineers offer document.
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 275.59 | 230.34 | 189.55 |
| Total Income | 285.56 | 258.67 | 208.75 |
| Profit After Tax | 30.80 | 22.15 | 17.05 |
| NET Worth | 190.70 | 142.00 | 120.65 |
| Total Borrowing | 34.44 | 48.09 | 24.60 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Diffusion Engineers RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Diffusion Engineers IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹10.99 | ₹8.23 |
| P/E Ratio (x) | 15.28 | 20.41 |
| Market Cap at Offer Price (₹ Cr) | ₹470.83 | ₹628.72 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹168 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹142.20 Cr of the issue is earmarked to named objects.
About the company
It also provides special and customised repair and reconditioning services for heavy machinery and equipment, and trades anti-wear powders and welding and cutting machinery.
Its manufacturing is based in Nagpur, Maharashtra. Its promoters are Prashant Garg, Nitin Garg and Chitra Garg.
The IPO was Rs 157.96 crore and was entirely fresh issue. Rs 71.38 crore was planned for expanding its Khapri, Nagpur plant, Rs 30.39 crore for a new plant at MIDC Hingna and Rs 22.00 crore for working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Diffusion Engineers IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Unistone Capital
17 issues handled (15 mainboard, 2 SME)Best listing: Sigachi Industries (+249.7%). Weakest: Fabtech Technologies (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Diffusion Engineers?
The current Grey Market Premium is ₹60, or 36% over the issue price.
What is the Diffusion Engineers IPO price band?
₹159 to ₹168, on a face value of ₹10.
When is the allotment?
The basis of allotment is 1 October 2024, with listing on 4 October 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
