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Diffusion Engineers IPO IPO

Mainline26 Sep 202430 Sep 2024
Open
26 Sep 2024
Close
30 Sep 2024
3
Allotment
Listing
Fri, Oct 4, 2024
Price Band
₹159 to ₹168
Issue Size
94,05,000 shares (agg. up to ₹158 Cr)
Lot Size
88 Shares
Listing Date
Fri, Oct 4, 2024
Latest GMP
₹58
Est. Gain
34.52%
✦ AI Insight

GMP Trend

04-10-202458Est. ₹226+34.52%
03-10-202458Est. ₹226+34.52%
02-10-202457Est. ₹225+33.93%

Live Subscription

CategorySubscription (times)
Total59.88x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets275.59230.34189.55
Total Income285.56258.67208.75
Profit After Tax30.8022.1517.05
NET Worth190.70142.00120.65
Reserves and Surplus163.03138.39117.34
Total Borrowing34.4448.0924.60
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
KRN Heat Exchanger & Refrigeration Ltd.Mainboard₹341.95 Cr₹22024.78₹478.79+117.63%₹1,249.90 (-2.52%)
Inox India Ltd.Mainboard₹1,459.32 Cr₹66039.22₹939.95+42.42%₹1,980.20 (-0.77%)
Sahasra Electronic Solutions Ltd.SME₹186.16 Cr₹28316.41₹564.55+99.49%₹319.25 (+2.00%)
Rappid Valves (India) Ltd.SME₹30.41 Cr₹22220.53₹309.35+39.35%₹348.40 (+8.43%)
WOL 3D India Ltd.SME₹25.56 Cr₹15014.9₹189.05+26.03%₹134.15 (+3.59%)
Paramount Speciality Forgings Ltd.SME₹32.34 Cr₹5912.1₹87.15+47.71%₹31.85 (-1.24%)
Envirotech Systems Ltd.SME₹30.24 Cr₹566.56₹111.70+99.46%₹77.90 (-3.23%)
Shubhshree Biofuels Energy Ltd.SME₹16.56 Cr₹11913.89₹198.45+66.76%₹341.00 (+0.00%)
Aeron Composite Ltd.SME₹56.10 Cr₹12523.69₹157.50+26.00%₹83.00 (+1.59%)
Associated Coaters Ltd.SME₹5.11 Cr₹12120.72₹134.90+11.49%₹92.00 (+0.00%)
Aimtron Electronics Ltd.SME₹87.02 Cr₹16127.13₹253.05+57.17%₹1,345.50 (-2.76%)
Vilas Transcore Ltd.SME₹95.26 Cr₹14713.12₹225.75+53.57%₹370.30 (-3.47%)
Storage Technologies & Automation Ltd.SME₹29.95 Cr₹7848.45₹153.05+96.22%₹39.70 (+0.00%)
Creative Graphics Solutions India Ltd.SME₹54.40 Cr₹8517.59₹176.25+107.35%₹130.35 (-2.03%)
Gabriel Pet Straps Ltd.SME₹8.06 Cr₹10135.94₹120.75+19.55%₹113.70 (+4.99%)
Megatherm Induction Ltd.SME₹53.91 Cr₹10810.68₹207.90+92.50%₹223.35 (-1.61%)
Siyaram Recycling Industries Ltd.SME₹22.96 Cr₹468.3₹57.75+25.54%₹40.42 (-2.18%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Funding capital expenditure requirements towards expansion of the existing manufacturing facility at Khasra No. 36, 38/1, 38/2, 38/3, Khapri (Uma), Nagpur- 441 501, Maharashtra, India (“Proposed Expansion”)71.38
2Setting up of a new manufacturing facility located at Plot Nos. 33-B/1/1/ & 33-B/1/1/Part, MIDC, Hingna, Sonegaon District, Nagpur – 440 016, Maharashtra (“Proposed Facility”)30.39
3Funding working capital requirements of the Company; and22.00
4General Corporate Purposes18.43

About Diffusion Engineers IPO

Founded in 1982, Diffusion Engineers Limited is active in the manufacture of welding consumables, wear plates and parts, and heavy machinery for core industries. The company offers specialized repair and reconditioning services for heavy machinery and equipment. The company also trades in wear protection powders and welding and cutting machines. At its production facilities, the company offers the Super Conditioning process, a surface treatment for machine components that increases wear resistance, eliminates stresses, and improves reparability, ultimately extending service life and reducing production costs. Diffusion Engineers Limited has four manufacturing units, of which Units I, II, and III are located at Nagpur Industrial Area, Hingna, Nagpur, Maharashtra, and Unit IV at Khapri (Uma), Nagpur, Maharashtra is responsible for the processing and manufacturing of the products. The manufacturing operations are spread across the various units as follows: Unit I: Welding electrodes for special purposes; Unit II: Flux cored wires, wear plates and wear parts through fabrication and machining; Unit III: Coatings for abrasion and corrosion resistance; Unit IV: Flux-cored wires (since the

Contact Details

Diffusion Engineers Ltd. AddressT-5 & T-6Nagpur Industrial Area, MIDCHingnaNagpur, Maharashtra, 440016+91 9158317943cs@diffusionengineers.comVisit Website