Diffusion Engineers Limited (MAINBOARD)
Sep 26, 2024 - Sep 30, 2024
| Price | ₹159 - ₹168 |
| Premium | ₹58 |
|---|---|
| Lot size | 88 |
| Allotment | Oct 1, 2024 |
| Listing | Oct 4, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 88 | 14784 | 37207 |
| sHNI | 14 | 1232 | 206976 | 380 |
| bHNI | 68 | 5984 | 1005312 | 759 |
Last updated on 30-Sep-2024 19:03:04
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 1871000 | 179121712 | 95.74 |
| HNIs | 1403250 | 291314672 | 207.6 |
| HNIs 10+ | 935500 | 190222560 | 203.34 |
| HNIs 2+ | 467750 | 101092112 | 216.12 |
| Retail | 3274250 | 280295488 | 85.61 |
| Employees | 50000 | 4751736 | 95.03 |
| Total | 6598500 | 755483608 | 114.49 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 759 | 30707 | 40.46 |
| HNIs (2-10L) | 380 | 78312 | 206.08 |
| Retail | 37207 | 2832367 | 76.12 |
| Employee | - | 44009 | - |
| Total Applications: 2985395 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 31.43 | 3009.24 | 95.74 |
| FIIs | - | 452.65 | - |
| DIIs | - | 1411.35 | - |
| Mutual funds | - | 40.04 | - |
| Others | - | 1066.36 | - |
| HNIs | 23.57 | 4894.09 | 207.6 |
| HNIs 10+ | 15.72 | 3195.74 | 203.34 |
| HNIs 2+ | 7.86 | 1698.35 | 216.12 |
| Retail | 55.01 | 4708.96 | 85.61 |
| Employees | 0.84 | 79.83 | 95.03 |
| Total | 110.85 | 12692.12 | 114.49 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹21.59 | @8% ₹24.68 | @9% ₹27.76 | @10% ₹30.85 | @11% ₹33.93 | @12% ₹37.02 |
Diffusion Engineers IPO Details
| Issue Size | 9,405,000 shares (aggregating up to ₹158.00 Cr) |
| Fresh Issue | 9,405,000 shares (aggregating up to ₹158.00 Cr) |
| Employee Discount | Rs 8 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 28,021,259 |
| Share holding post issue | 37,426,259 |
Diffusion Engineers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 18.52% | 16.86% | 15.10% |
| ROCE | 20.63% | 18.46% | 17.30% |
| RONW | 18.52% | 16.86% | 15.10% |
| EPS (Diluted) | 10.94 | 7.91 | 6.08 |
| P/E Pre IPO | 15.28 | ||
| P/E Post IPO | 20.41 |
Company Financials
Diffusion Engineers Limited Financial Information (Restated Consolidated)
Diffusion Engineers Limited's revenue increased by 10% and profit after tax (PAT) rose by 39% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 275.59 | 230.34 | 189.55 | |||||||||||||||||||||||||||
| Revenue | 285.56 | 258.67 | 208.75 | |||||||||||||||||||||||||||
| Profit | 30.8 | 22.15 | 17.05 | |||||||||||||||||||||||||||
| Net Worth | 190.7 | 142 | 120.65 | |||||||||||||||||||||||||||
| Reserves | 163.03 | 138.39 | 117.34 | |||||||||||||||||||||||||||
| Borrowing | 34.44 | 48.09 | 24.6 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
About Company
Diffusion Engineers Limited, established in 1982, is a leading manufacturer of welding consumables, wear plates, and heavy machinery, serving key industries with advanced repair and reconditioning solutions. Utilizing the Super Conditioning process at their production facilities, the company enhances the wear resistance, reduces stress, and improves the reparability of machine components, significantly extending their service life and lowering production costs. Diffusion Engineers operates four manufacturing units: Unit I focuses on specialized welding electrodes, Unit II produces flux-cored wires, wear plates, and wear parts, Unit III specializes in coatings for abrasion and corrosion resistance, and Unit IV, operational since FY 2024, manufactures flux-cored wires, wear plates, and heavy engineering components. With over 130 qualified engineers as of February 29, 2024, the company showcases its strong expertise and innovation in providing solutions to industries requiring durable and efficient machinery.
Unistone Capital Pvt Ltd
Strong Industry Presence and Customer Base: Diffusion Engineers serves a large number of direct customers—472 in FY 2024, contributing 72.25% to its standalone revenue, showcasing its significant role in the industry.
Consistent Financial Growth: The company has shown steady financial performance, with revenue growing from ₹878.37 million in FY 2013 to ₹2,571.26 million in FY 2024, achieving a CAGR of 10.26% over 11 years.
Diversified and Loyal Customer Relationships: Diffusion Engineers maintains long-standing relationships with a wide range of customers, serving 503 in FY 2024, reflecting its strong reputation and diverse industry reach.
Domestic Market Dependency: The Company’s growing reliance on the domestic market makes it vulnerable to downturns in local demand, which could negatively impact its market share.
Negative Cash Flows: Diffusion Engineers has experienced negative cash flows during certain fiscal years, and if this trend continues, it could harm the company's financial health and operational performance.
Economic Cyclicality of Related Industries: The Company’s business is closely tied to the performance of other industries. Any economic downturn or reduced demand in these sectors, both in India and globally, could adversely affect its operations and financial stability.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html