Diffusion Engineers IPO: Read Key Details Here!

• Diffusion Engineers IPO is a book-built issue of Rs 158 crore.

• This upcoming IPO bidding opens on September 26 and closes on September 30, 2024.

• Diffusion Engineers IPO price is set at Rs 159 - Rs 168 per share.

• The minimum investment amount required for retail investors is Rs 14,784.

Diffusion Engineers IPO: Synopsis

Diffusion Engineers is open for subscription from Thursday, September 26, 2024, and closing on Monday, September 30, 2024. The price band for this IPO is set to Rs 159 - Rs 168 per share.

Diffusion Engineers IPO is offering entirely a fresh issue of 94.05 lakh equity shares worth up to Rs 158 crore.

The allotment for this new IPO is expected to be finalised on Tuesday, October 1, 2024. The tentative listing date of this IPO is Friday, October 4, 2024, at BSE and NSE exchanges.

The IPO is managed by Unistone Capital Private Limited, which is appointed as the book running lead manager of this IPO. The company has appointed Bigshare Services Private Limited as the registrar for the issue.

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Diffusion Engineers Limited: About the Company

The company 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. They provide a super conditioning process at their manufacturing facilities, a surface treatment solution for machine components that enhances wear resistance, eliminates stress and improves their repairability, ultimately extending their lifespan and reducing production costs. The company have developed a synergistic system of forward integration whereby they manufacture special-purpose electrodes and flux-cored wires, which are utilised for manufacturing wear resistance plates (commonly known as wear plates). This forward integration helps us achieve efficiency in the production process and gain a competitive advantage, reducing product costs, enhancing supply chain control and reducing our dependency on third-party suppliers for our operations.

Diffusion Engineers IPO: Objectives

The company proposed allocating the net proceeds from the issue to several strategic objectives. Firstly, a portion will be dedicated to funding the capital expenditure needs for the expansion of the current manufacturing facility situated at Nagpur, Maharashtra, India, termed the "Proposed Expansion." Secondly, they plan to establish a new manufacturing facility at Hingna, Sonegaon District, Maharashtra, labelled as the "Proposed Facility." Furthermore, a portion of the net proceeds will be utilised to meet the company's working capital requirements. Lastly, the remaining funds will be utilised for General Corporate Purposes.

Diffusion Engineers IPO: Other Important Details

Time-Table of Diffusion Engineers IPO

Diffusion Engineers Ltd Financial Metrics (Amt in Rs Crore)

Lot Size Details of Diffusion Engineers Limited IPO

Promoters of Diffusion Engineers Limited and Their Holdings

The company's promoters are Mr. Prashant Garg, Dr. Nitin Garg, and Ms. Chitra Garg. They collectively held 93.10% of the company's shares. However, post-IPO changes in their shareholding have not yet been disclosed.

Diffusion Engineers Limited: Strength of Company

1. Founded in 1982, the company specialises in welding consumables, wear plates, and heavy machinery for core industries.

2. The company operates four manufacturing units in Nagpur, each focused on specific production aspects.

3. The company offers specialised repair and reconditioning services, extending the lifespan of heavy equipment.

FAQs

1. What are the core details available for Diffusion Engineers IPO?

Diffusion Engineers IPO is a book-built issue of Rs 158 crore. This upcoming IPO offers entirely a fresh issue of 94.05 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, October 1, 2024.

2. How can I apply for the Diffusion Engineers IPO?

The public subscription of this new IPO opens on Thursday, September 26, 2024 and closes on Monday, September 30, 2024. Click here to initiate the application process.

3. What is the listing date of the Diffusion Engineers IPO?

The Diffusion Engineers IPO is expected to be listed on Friday, October 4, 2024.

4. Who are the lead managers for the Diffusion Engineers IPO?

Unistone Capital Private Limited were appointed as the book-running lead manager for this IPO.

5. Who is appointed as the registrar for Diffusion Engineers IPO?

Bigshare Services Private Limited has been appointed as the registrar for this public issue.

6. How can I check the allotment status of the Diffusion Engineers IPO?

Investors who applied for Diffusion Engineers IPO can check the allotment status by visiting here, for further updates, follow Bigul.

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