Diffusion Engineers IPO Details, Financials, Valuation & Peers
Explore Diffusion Engineers IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Founded in 1982, Diffusion Engineers Limited is engaged in the business of manufacturing of welding consumables, wear plates, wear parts and heavy engineering machinery for core industries such as cement, steel, power, mining, oil & gas and more. With over four decades of experience, the company specializes in providing surface treatment solutions, known as the super conditioning process, to enhance the wear resistance and lifespan of industrial machinery. Additionally, the company is involved in trading anti-wear powders, welding and cutting machinery. Diffusion Engineers' operations are backed by a forward integration system, where it produces special-purpose electrodes and flux-cored wires, which are utilized in the production of wear-resistant plates for heavy industrial equipment. The company operates from four manufacturing units located in Nagpur, Maharashtra. It has also established an overseas presence through subsidiaries in Singapore, Turkey and the Philippines, along with joint ventures in the United Kingdom and Malaysia.
Key Points:
- Products & Services:
- Manufacturing of welding consumables, wear plates, wear parts and heavy machinery.
- Specialized in super conditioning, a surface treatment solution that enhances wear resistance and extends the lifespan of industrial components.
- Trading of anti-wear powders and welding/cutting machinery.
- Manufacturing Facilities: Four manufacturing units in Nagpur, India, each specializing in different aspects of production, including special-purpose welding electrodes, flux-cored wires, wear plates and heavy engineering machinery.
- Research & Development: Dedicated DSIR-approved R&D facility focused on process refinement, product testing, and raw materials analysis.
- Global Expansion: Presence through subsidiaries in Singapore, Turkey and the Philippines, with joint ventures in the UK and Malaysia.
- Strategic Focus: Future plans to expand its portfolio to include powders for corrosion and abrasion resistance used in welding applications.
Objects of the Issue
- Funding capital expenditure requirements towards expansion of the existing manufacturing facility at Khapri (Uma), Nagpur- 441 501, Maharashtra
- Setting up of a new manufacturing facility located at Hingna, Sonegaon District, Nagpur – 440 016, Maharashtra
- Funding working capital requirements of the Company
- General Corporate Purposes
IPO Details
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| Fields | Details |
|---|---|
| IPO Dates | 26 Sep - 30 Sep 2024 |
| IPO Price Band | ₹159 - ₹168 per share |
| Fresh Issue | 9,405,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹158 crore |
| Face Value | ₹10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 26 Sep 2024 |
| IPO Closing Date | 30 Sep 2024 |
| Basis Of Allotment | 01 Oct 2024 |
| Refunds | 03 Oct 2024 |
| Demat Transfer | 03 Oct 2024 |
| IPO Listing Date | 04 Oct 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 159.27 | 208.75 | 258.67 | 285.56 |
| Total Expenses | 140.44 | 187.65 | 233.14 | 245.58 |
| Net Profit/Loss | 11.66 | 17.05 | 22.15 | 30.80 |
| NPM (*) | 7.32 | 8.17 | 8.56 | 10.79 |
| Total Assets | 157.64 | 189.55 | 230.34 | 275.59 |
| Total Liabilities | 52.35 | 68.71 | 88.18 | 84.57 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 4.18 | 6.08 | 7.91 | 10.94 |
| ROE (%) | 11.64 | 15.10 | 16.86 | 18.52 |
| ROCE (%) | 14.90 | 17.30 | 18.46 | 20.63 |
| D/E Ratio | 0.19 | 0.20 | 0.34 | 0.18 |
| Current Ratio | 1.97 | 1.69 | 1.70 | 1.89 |
| EBITDA MARGIN (%) | 14.62 | 13.45 | 13.65 | 17.04 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Diffusion Engineers Limited | 278.14 | 15.36 | 10.94 | 18.52 | 68.06 |
| Ador Welding Limited | 883.83 | 29.01 | 46.46 | 18.43 | 266.49 |
| AIA Engineering Limited | 4,853.76 | 35.88 | 120.4 | 18.41 | 705.86 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 95.74 |
| Non-Institutional Investor (NII/HNI) | 207.6 |
| Retail Individual Investor (RII) | 85.61 |
| Total | 114.5 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- PRASHANT GARG
- DR. NITIN GARG
- CHITRA GARG
Lead Managers
- Unistone Capital Private Limited
Company Address
Diffusion Engineers Limited
T-5 & T-6, Nagpur Industrial Area, MIDC, Hingna, Nagpur -440016 Maharashtra
Phone: +91 9158317943
Email: cs@diffusionengineers.com
Website: www.diffusionengineers.com
FAQs
- What is the issue size of the Diffusion Engineers IPO?The Diffusion Engineers IPO has an issue size of ₹158 crore. This includes a fresh issue of 9,405,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Diffusion Engineers IPO?The price band for the Diffusion Engineers IPO is ₹159 - ₹168 per share.
- What are the bidding dates for the Diffusion Engineers IPO?The Diffusion Engineers IPO will open for bidding on 26 Sep 2024 and close on 30 Sep 2024.
- What is the allotment date for the Diffusion Engineers IPO?The allotment date for the Diffusion Engineers IPO is 01 Oct 2024.
- What is the listing date for the Diffusion Engineers IPO?The listing date for the Diffusion Engineers IPO is 04 Oct 2024.
- What is the Diffusion Engineers IPO grey market premium?The grey market premium (GMP) for the Diffusion Engineers IPO is currently at ₹58, with an expected listing gain of approximately 34.52%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.