₹ 14784 / 88 shares
IPO Details
RHP/DRHPIssue Date
26 Sep - 30 Sep'24
Investment/lot
₹ 14784
Price Range
159 - 168
Lot Size
88
IPO Size
₹ 158.00 Cr
IPO Listing Details
Listing On
4 Oct'24
Issue Price
168
Listed Price
₹ 193.5
Retail Gain/Listing Gain
â–²15.18%
IPO Timeline
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:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
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.
Diffusion Engineers Ltd IPO FAQs
When is Diffusion Engineers Ltd IPO listing date?
Diffusion Engineers Ltd IPO will list on 2024-10-04.
What is the issue size of Diffusion Engineers Ltd IPO?
158.00 is the issue size of Diffusion Engineers Ltd IPO.
What is the minimum lot size required for Diffusion Engineers Ltd IPO?
The minimum lot size is 88 shares and the investment required is ₹14784.
What is the price band of the Diffusion Engineers Ltd IPO?
The price band of Diffusion Engineers Ltd IPO is ₹159 to ₹168.
Where can I read more about Diffusion Engineers Ltd business?
You can read more about Diffusion Engineers Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the Diffusion Engineers Limited IPO?
The Diffusion Engineers IPO has an issue size of ₹157.96 crores. The IPO opens for subscription on 26/09/2024 and closes on 30/09/2024.
Who is the Registrar for Diffusion Engineers Limited IPO?
Bigshare Services Private Limited is the registrar for this IPO.
