Investors were resolute in their support of Diffusion Engineers’ IPO, subscribing 27.19 times on September 27, the second day of bidding. Against the IPO size of 65.98 lakh shares, investors sought for 17.94 crore equity shares. On September 26, the maker of heavy engineering gear, wear plates and parts, and welding consumables started its public offering with the goal of raising Rs 158 crore at the top end of the Rs 159–168 price range per share.
Diffusion Engineers IPO Details
| IPO Open Date | September 26, 2024 |
| IPO Close Date | September 30, 2024 |
| Listing Date | Friday, October 4, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹159 to ₹168 per share |
| Lot Size | 88 Shares |
| Total 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 |
Diffusion Engineers Financials
Diffusion Engineers Limited’s revenue climbed by 10%, while profit after tax (PAT) increased by 39% during the fiscal years ended March 31, 2024 and March 31, 2023.
| FY 2024 | |
| Assets | 275.59 |
| Revenue | 285.56 |
| Profit After Tax | 30.8 |
| Net Worth | 190.7 |
| ROE | 18.52% |
| ROCE | 20.63% |
| Debt/Equity | 0.18 |
| RoNW | 18.52% |
| P/BV | 2.47 |
| PAT Margin (%) | 10.79 |
About the Company – Diffusion Engineers
Diffusion Engineers Limited is located at T-5 & T-6, Nagpur Industrial Area, MIDC, Hingna, Nagpur, Maharashtra -440016.Heavy engineering machinery, wear plates, wear parts, and welding consumables were produced by this company for use in core industries. This company, which has more than 40 years of expertise, is committed to offering heavy machinery and equipment specialized repairs and reconditioning. Moreover, they deal in welding and cutting equipment as well as anti-wear powder trading.
Additionally, it has created a synergistic forward integration system that allows us to produce flux cored wires and special purpose electrodes that are used to make wear resistance plates, also referred to as wear plates.
