DIFFUSION ENGINEERS LIMITED

26 Sep 2024 - 30 Sep 2024 Individual Category Main Board BSE NSE

Min Investment

₹14784

Price Band

₹159-₹168

Issue Size

65.99 lakhs
Equity Shares

Lot Size

88

IPO Dates
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26 Sep 2024

Open Date

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30 Sep 2024

Close Date

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01 Oct 2024

Allotment Date

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04 Oct 2024

Listing Date

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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About Diffusion Engineers Limited

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.

Founded

1982

Managing Director

Mr. Prashant Garg, Dr. Nitin Garg, and Ms. Chitra Garg

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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