Diffusion Engineers IPO Details

• IPO Size: The Diffusion Engineers IPO is valued at ₹158.00 crores, with 0.94 crore fresh shares being issued.
• Subscription Dates: Opened on September 26, 2024 and closed on September 30, 2024.
• Allotment Date: Expected on October 1, 2024 (Tuesday).
• Listing Date: Tentatively on October 4, 2024 (Friday), on BSE and NSE.
• Price Band: ₹159 to ₹168 per share.
• Minimum Investment for Retail Investors: 88 shares, costing approximately ₹14,784.
• Investment for Non-Institutional Investors (NII):
  • Small NII (sNII): 14 lots (1,232 shares), ₹206,976.
  • Big NII (bNII): 68 lots (5,984 shares), ₹1,005,312.
• Employee Reservation: Up to 50,000 shares at a discount of ₹8 per share.
• Lead Manager: Unistone Capital Pvt Ltd.
• Registrar: Bigshare Services Pvt Ltd.

Refer to the Diffusion Engineers IPO RHP for detailed information.

About Diffusion Engineers Limited

Established in 1982, Diffusion Engineers Limited specializes in manufacturing welding consumables, wear plates and parts, as well as heavy machinery for core industries. The company is also a trusted provider of repair and reconditioning services for heavy machinery and equipment. In addition to these services, Diffusion Engineers trades in wear protection powders and offers advanced welding and cutting machines.

A key offering at Diffusion Engineers' production facilities is the Super Conditioning process, a surface treatment designed to enhance the wear resistance of machine components. This process not only reduces internal stresses and improves reparability but also extends the service life of equipment, leading to lower production costs.

The company operates four manufacturing units, all based in Nagpur, Maharashtra. The units handle specialized functions as follows:

• Unit I: Manufacture of specialized welding electrodes
• Unit II: Production of flux-cored wires, wear plates, and wear parts through fabrication and machining
• Unit III: Coatings for abrasion and corrosion resistance
• Unit IV: Since 2024, production of flux-cored wires, wear plates, and heavy engineering

As of February 29, 2024, Diffusion Engineers Limited employs over 130 highly qualified engineers, ensuring the continued development and delivery of top-tier solutions for industrial applications.

Objectives of the Issue (Diffusion Engineers IPO) Goals

The Company intends to allocate the Net Proceeds from the Issue to support the following objectives:

1. Expansion of Existing Manufacturing Facility: Funding capital expenditures for the expansion of the current manufacturing site located at Khasra No. 36, 38/1, 38/2, 38/3, Khapri (Uma), Nagpur-441 501, Maharashtra, India (Proposed Expansion).
2. Establishment of a New Manufacturing Facility: Setting up a new manufacturing unit at Plot Nos. 33-B/1/1/ & 33-B/1/1/Part, MIDC, Hingna, Sonegaon District, Nagpur-440 016, Maharashtra (Proposed Facility).
3. Working Capital Requirements: Financing the working capital needs of the Company.
4. General Corporate Purposes: Addressing various general corporate needs.

Read DRHP & RHP Document

Diffusion Engineers IPO Subscription Status Live

Diffusion Engineers' IPO was subscribed 114.50 times overall. By September 30, 2024 (Day 3), the public issue saw 85.61 times subscription in the retail category, 95.74 times in the QIB segment, and 207.60 times in the NII category.

Total Application: 2,985,395 (80.24 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

Shares Offered in the Diffusion Engineers IPO

Diffusion Engineers is launching an IPO, consisting of a total of 9,405,000 equity shares. This issue allocates 3,274,250 shares for retail investors, 1,871,000 shares for qualified institutional buyers, and 1,403,250 shares for non-institutional investors.

Shares Offered in the Diffusion Engineers IPO

IPO Investor Categories

1. Qualified Institutional Buyers (QIB)

QIBs include financial institutions, banks, foreign institutional investors (FIIs), and mutual funds registered with SEBI. They mainly represent smaller investors who invest through mutual funds, ULIP insurance plans, and pension schemes.

2. Non-Institutional Investors (NII)

NIIs consist of retail individual investors (HNI), Non-Resident Indians (NRIs), companies, trusts, etc., who bid for shares worth more than ₹2 lakhs. Unlike QIBs, they do not require SEBI registration.

- Small NII (sNII)

This category is for NIIs bidding between ₹2 lakhs and ₹10 lakhs. One-third of the NII shares are reserved for small NII investors, also known as Small HNIs (sHNIs).

- Big NII (bNII)

This category is for NIIs bidding for shares worth more than ₹10 lakhs. Two-thirds of the NII shares are reserved for big NII investors, also known as Big HNIs (bHNIs).

3. Retail Individual Investors (RII)

RIIs are retail investors or NRIs who apply for up to ₹2 lakhs in an IPO. They belong to a reserved category.

4. Employee (EMP)

This category includes eligible employees who have a specific reserved quota in the IPO.

5. Others

This includes eligible shareholders or other investors with a reserved quota in the IPO.