IPO Details
Bidding Dates
26 Sept 24 - 30 Sept 24
Price Range ₹
159 - 168
Total Equity
₹ 165.43Cr
Lot Size
88
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
85.61×
Qualified Institutional Buyers
95.74×
Employees
95.03×
Retail Investors
85.61×
Total subscription Rate
114.49×
IPO Timeline
Offer start
26 Sept 2024
Offer end
30 Sept 2024
Allotment
01 Oct 2024
Refund initiation
03 Oct 2024
Demat transfer
03 Oct 2024
Listing
04 Oct 2024
Offer start
26 Sept 2024
Offer end
30 Sept 2024
Allotment
01 Oct 2024
Refund initiation
03 Oct 2024
Demat transfer
03 Oct 2024
Listing
04 Oct 2024
About Company
Founded in 1982, Diffusion Engineers Limited specializes in the manufacturing of welding consumables, wear plates and parts, and heavy machinery for key industries. The company provides specialized repair and reconditioning services for heavy machinery and equipment, as well as trading in wear protection powders and welding and cutting machines. Its production facilities offer the Super Conditioning process, a surface treatment for machine components that enhances wear resistance, relieves stress, and improves reparability, ultimately extending service life and reducing production costs. Diffusion Engineers Limited operates four manufacturing units. Units I, II, and III are located in Nagpur Industrial Area, Hingna, Maharashtra, while Unit IV is situated in Khapri (Uma), Nagpur. These units handle the production and processing of various products: - Unit I: Specialized welding electrodes - Unit II: Flux-cored wires, wear plates, and wear parts through fabrication and machining - Unit III: Coatings for abrasion and corrosion resistance - Unit IV: (Since FY 2024) Flux-cored wires, wear plates, and heavy engineering As of February 29, 2024, the company employed over 130 qualified engineers.
Year Founded
10-02-2000
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 93.1 | 69.7 |
| Share Capital | 26086970 | 26086970 |
Offer to Public
98,47,000.00 Cr
Highlights
- The company's forward integration system allows efficient production of specialized electrodes and flux-cored wires, essential for wear-resistant products.
- ISO certifications in quality management, occupational health and safety, and environmental management demonstrate strong adherence to international standards.
- With subsidiaries in multiple countries and partnerships in key markets like the UK and Malaysia, Diffusion Engineers has a robust international footprint.
- The consistent increase in both revenue and profit after tax reflects strong business performance and growth.
- Owning all the equipment used in its manufacturing processes ensures complete control over production and quality.
Challenges
- A large portion of the company's revenue is dependent on the Indian market, making it vulnerable to local economic or political issues.
- With all manufacturing units located in Nagpur, Maharashtra, the company is exposed to operational risks if any local disruptions occur.
- The company's financial performance is closely tied to industries like cement, power, and steel. A downturn in any of these sectors could significantly impact revenue.
- A substantial portion of revenue comes from a small group of key customers, making the company vulnerable to loss or reduced demand from these clients.
- Ongoing litigation involving the company, its promoters, and directors presents potential legal risks, which could harm business prospects if judgments are unfavorable.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2020 | 1,69,85,39,000.00 | 3,73,74,670.00 | 221.45 | 221.64 | 8.4728 |
| 2023 | 2,303.44 | 37.37 | 1,135.31 | 938.16 | 3.5859 |
| 2021 | 15,363.39 | 373.75 | 7,13,48,344.00 | 7,13,48,344.00 | 2.7271 |
| 2024 | 2,755.85 | 280.21 | 308.03 | 306.59 | 10.9414 |
| 2022 | 1,895.45 | 37.37 | 8,69,67,010.00 | 9,31,66,376.00 | 3.5611 |
