Diffusion Engineers subscribed 7 times on the first bidding day . Check GMP & Other details here
Diffusion Engineers Limited, founded as a Private Limited Company in 1982, became a Public Limited Company in 1995. Starting with welding electrode manufacturing in 1993, it reached a turnover of ₹2000 million by 2023. The company’s growth includes joint ventures, subsidiaries, and new production plants. Recognized for its industrial strength, it has received awards like Best Employer Brands and Great Place to Work, along with accreditations from the National Accreditation Board for its quality and standards.
Diffusion Engineers Other Details
| Event | Details |
|---|---|
| 26 Sep, 2024 | Open Date |
| 30 Sep, 2024 | Close Date |
| 01 Oct, 2024 | Allotment Date |
| 04 Oct, 2024 | Listing Date |
| Issue Price | ₹159-168 per equity share |
| Face Value | ₹10 Per Equity Share |
| Listing at | BSE, NSE |
| Registrar | Bigshare Services Pvt Ltd |
| Market Lot | Retail: 88 Shares (₹14,784/-) |
| S-HNI: 1,232 Shares (₹2,06,976/-) | |
| B-HNI: 5,984 Shares (₹10,05,312/-) | |
| Issue Size | 9,405,000 shares (aggregating up to ₹158.00 Cr) |
| Retail Portion | 35% (Number of Retail Applications: 37,217 Approx) |
| S-HNI Applications | 380 Approx |
| B-HNI Applications | 760 Approx |
Diffusion Engineers Financials
| Particulars | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Assets (₹ in Cr) | 275.59 | 230.34 | 189.55 |
| Revenue (₹ in Cr) | 285.56 | 258.67 | 208.75 |
| Profit After Tax (₹ in Cr) | 285.56 | 22.15 | 17.05 |
Company Promotors
- Mr. Prashant Garg
- Dr. Nitin Garg
- Ms. Chitra Garg
Pre Issue Share Holding: 93.10%
Post Issue Share Holding: 69.70%
Also Read : Jindal Saw announces stock split ! Check the ratio & record date here
Issue Objectives
- The company plans to fund the expansion of its existing manufacturing facility at Khasra No. 36, 38/1, 38/2, 38/3 in Khapri (Uma), Nagpur, Maharashtra.
2. Additionally, it will set up a new manufacturing facility at Plot Nos. 33-B/1/1/ & 33-B/1/1/Part in MIDC, Hingna, Nagpur, Maharashtra.
3. Funds will also be used to meet the company’s working capital needs and for general corporate purposes.
Diffusion Engineers Strength & Weakness
Strengths
– A well-connected business model, generating 90.92% of its revenue from integrated products.
– Serves key industries through 31 OEMs and 472 direct customers.
– Strong relationships with over 503 customers in FY24.
– Manufacturing units strategically placed across India for smooth and efficient operations.
Weaknesses
– Heavy reliance on domestic sales, with 89.75% of revenue coming from India.
– All manufacturing facilities are located in Nagpur, Maharashtra, posing a risk if disruptions occur.
– Potential delays in setting up new facilities could slow down growth plans.
Also Read : Jindal Saw announces stock split ! Check the ratio & record date here
Diffusion Engineers GMP Today
The current GMP of the company is around Rs.75-80 which is around 45% of the Issue price . It is expected that investors can get a profit of 45% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
Disclaimer:
The recommendations made above are by market analysts and are not advised by either the author, nor FinTrend 24. The author, nor the brokerage firm nor FinTrend 24 would be liable for any losses caused as a result of decisions based on this write-up. FinTrend 24 advises users to consult with certified experts before making any investment decision.