IPO Details
Bidding Dates
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Minimum Investment
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Price Range
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Maximum Investment
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Retail Discount
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Issue Size
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Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |About Diffusion Engineers Ltd
They are engaged in the business of providing engineering solutions to customers both in domestic and international markets. The company has been in existence for over four decades and provides a wide range of products and services, including the manufacture of special welding consumables, wear plates and heavy engineering equipment for core industries. It also provides special and customised repairs and reconditioning services for heavy machinery and equipment. They are also involved in trading anti-wear powders and welding and cutting machinery.
They 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). These wear plates then become an integral part of the majority of large industrial equipment, which are made in their heavy engineering division and are a significant contributor in the manufacturing of industrial equipment used in core industries like Cement, Steel, Power, Mining, Engineering, Oil and Gas, Sugar etc.
India’s heavy engineering capital goods industry is estimated to be ₹2,650-2,750 billion as of FY 2023 and is projected to clock a CAGR of 7-8% over FY 2023-26 to reach ₹3,300-3,400 billion. This growth of the sector will help major players like Diffusion Engineers to expand their operations as well.
Diffusion Engineers Ltd IPO Details
Diffusion Engineers Ltd IPO Dates
The dates for bidding for the Diffusion Engineers IPO are yet to be announced.
Diffusion Engineers Ltd IPO Price Band
Diffusion Engineers is a book-built IPO. The exact price is yet to be announced.
Diffusion Engineers Ltd IPO Lot Size
The Diffusion Engineers Ltd IPO lot size is not announced yet.
Diffusion Engineers Ltd IPO Objectives
The proceeds from the fresh issue will be used for:
- Funding capital expenditure requirements towards the expansion of the existing manufacturing facility at Khasra No. 36, 37, 38/1, 38/2, 38/3, Khapri (Uma), Nagpur- 441 501, Maharashtra.
- Setting up of a new manufacturing facility located at Plot Nos. 33-B/1/1/ & 33-B/1/1/Part, MIDC, Hingna, Sonegaon District, Nagpur – 440 016, Maharashtra.
- Funding the working capital requirements of the company.
- General corporate purposes.
- Ador Welding Limited.
- AIA Engineering Limited.
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Peer Details
The following are the listed peer companies of Diffusion Engineers in India:
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Contact Details of Diffusion Engineers Ltd
Registered office: T-5 & T-6, Nagpur Industrial Area, MIDC, Hingna, Nagpur - 440016 Maharashtra.
Phone: +91 9158317943
E-mail: cs@diffusionengineers.com
IPO Financials
| Particulars | Year Ending on March 31, 2023 (Amount in ₹ millions) | Year Ending on March 31, 2022 (Amount in ₹ millions) | Year Ending on March 31, 2021 (Amount in ₹ millions) |
|---|---|---|---|
| Total Income | 2,586.72 | 2,087.47 | 1,592.71 |
| Profit (Loss) for the Year | 221.45 | 170.46 | 116.63 |
| Debt-Equity Ratio | 0.34 | 0.20 | 0.19 |
| Return on Capital Employed | 18.46% | 17.30% | 11.18% |
Know before investing
Strengths
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Over the years, they have expanded their capabilities via multiple forward integrations. This has allowed them to provide end-to-end solutions to their clients in various industries.
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They serve a diverse clientele, which includes both OEMs who service major players in the cement, steel, and power sectors, as well as direct customers. This allows them to increase their revenues and reduce risk through diversification.
Risks
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They operate all their manufacturing facilities from a concentrated geographic area. Therefore, any localised social unrest, natural disaster or breakdown of services could have material adverse effects on their business and financial condition.
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Their business is dependent on the performance of certain other industries. Economic cyclicality coupled with reduced demand in these other industries, in India or globally, could adversely affect their business.
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Diffusion Engineers Ltd IPO FAQs
Diffusion Engineers’s IPO is a book-built IPO. The dates for the IPO are yet to be announced.
The date of allotment is not announced yet.
The IPO subscription window is not announced yet.
The lot size for the IPO is yet to be announced.
The listing date for Diffusion Engineers is not announced yet.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is yet to be announced.
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