Diffusion Engineers Limited IPO Opens On September 26. Check IPO Details Issue Date Price

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Diffusion Engineers Limited IPO Opens On September 26. Check IPO Details Issue Date Price

September 26, 2024
Diffusion Engineers Limited   IPO Opens On September 26. Check IPO Details Issue Date Price

Diffusion Engineers Limited is coming out with an initial public offer to raise Rs. 157.96 crores from the market.

Below are the details of the Diffusion Engineers Limited IPO:

  • Issue opens – September 26 (Thursday)
  • Issue closes – September 30 (Monday)
  • Issue size – Rs. 157.96 crores
  • Price band – Rs. 159 to 168 per equity share
  • Bid lot – 88 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • Diffusion Engineers Limited are engaged in the business of manufacturing welding consumables, wear plates and wear parts and heavy engineering machinery for core industries. With over four decades of experience, Company is dedicated to providing specialized repairs and reconditioning services for heavy machinery and equipment. Additionally, they are also involved in trading of anti-wear powders and welding and cutting machinery. They provide 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.
    They focus on alloy and process development, quality and design to tailor-make products as per their customers’ needs. With a team of over 130 qualified engineers deployed across various departments as of February 29, 2024 and decades of experience in welding consumables and wear plates, they possess the expertise to design, develop and manufacture complex and specialized industrial equipment and components for OEMs and end-user industries.
  • They presently operate from four manufacturing units, out of which Unit I, II and III are located in Nagpur Industrial Area, Hingna, Nagpur, Maharashtra and Unit IV is located in Khapri (Uma), Nagpur, Maharashtra for processing and manufacturing of their products. Their manufacturing operations are distributed across different units as under:
  • Unit I: special purpose 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: flux cored wires (since Fiscal 2024), wear plates and heavy engineering machinery.

Issue Size : Rs. 157.96 Cr

Employee Reservation : Upto 50,000 equity shares

Employee Discount : Rs.8 per share

Issue break-up :

QIB – 50 % of the net offer – Rs. 78.58 Cr.
NIB – 15 % of the net offer – Rs. 23.57 Cr.
RET – 35 % of the net offer – Rs. 55.01 Cr.

Listing : BSE & NSE

Registrar : Bigshare Services Private Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note:

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Monday, September 30th, 2024.

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