Diffusion Engineers IPO Details
Issue Date
--
Price Range
₹159 - ₹168
Lot Size
88
IPO Size
₹158.00 Cr
Diffusion Engineers IPO Listing Details
Listing On
4 Oct'24
Issue Price
₹168
Listed Price
₹ 193.5
Retail Gain/Listing Gain
▲15.18%
Schedule of Diffusion Engineers IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
04/10/2024
Diffusion Engineers Company Background
Diffusion Engineers Limited manufactures welding consumables, wear plates, wear parts and heavy engineering machinery for core industries. With over four decades of experience, the company is dedicated to providing specialised repairs and reconditioning services for heavy machinery and equipment.
With that, let's take a look at the competitive strength and risk factors for Diffusion Engineers Limited:
Competitive Strengths Competitive Strengths
Synergistic business models focused on forward integration
The company embarked on forward integration journey, transitioning from being a manufacturer of welding electrodes to producing flux-cored wires, wear plates, wear parts, and presently heavy engineering, broadening their scope and expertise in the industry. Over the years, they have expanded their capabilities to offer not only quality welding consumables but also comprehensive welding services for core industries.
Long-standing relationships with customers across industries
In over 4 decades of business operations, the company has established long-standing relationships with several Indian and global customers across industries. They have served 503, 500 and 444 customers in FY 2024, 2023 and 2022, respectively.
Strategically located manufacturing facilities
The company’s operations in Nagpur, Maharashtra, is strategically located at the heart of the country, providing significant advantages for their business operations. Their central location ensures easy access to industries across the entire country, streamlined logistics for procurement and timely delivery to customers.
Risk Factors
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The company is increasingly dependent on a domestic market for its sales and any a downturn in it could dent their market share.
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The company had negative cash flows during certain fiscal years in relation to operating, investing, and financing activities. Sustained negative cash flows in the future would adversely affect the results of operations and financial conditions.
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The company operates from four manufacturing facilities all of which are located in Nagpur, Maharashtra. Any localized social unrest, natural disaster or breakdown of services or any other natural disaster in and around, Nagpur, Maharashtra or any disruption in production at, or shutdown of, all their manufacturing units could hurt their business.
Key Strategies
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Strategically expand into nickel, cobalt and iron-based powder manufacturing to further enhance welding consumables portfolio
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Expand their geographical reach
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Strategically lease and maintain business model for heavy equipment
Diffusion Engineers Limited Key Financials
Here are the key financials for Diffusion Engineers Limited:
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How To Apply for Diffusion Engineers Ltd IPO?
Here are the steps to apply for Diffusion Engineers Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
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