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Diffusion Engineers Limited IPO (Diffusion Engineers IPO ) Details
Diffusion Engineers Limited
Diffusion Engineers IPO 's overview
Diffusion Engineers IPO is a book built issue of ₹158.00 Cr (1,58,00,40,000). The issue includes a fresh issue of 94.05 Lakh (94,05,000) shares aggregating to ₹158.00 Cr (1,58,00,40,000).
Diffusion Engineers IPO bidding started from Sep 26, 2024 and ended on Sep 30, 2024. The allotment for Diffusion Engineers IPO was finalized on Oct 01, 2024. The shares got listed on NSE, BSE on Oct 04, 2024.
Diffusion Engineers IPO price band is set at ₹159 to ₹168 per share. The minimum lot size for an application is 88 Shares. The minimum amount of investment required by retail investors is ₹13,992.
Refer to Diffusion Engineers IPO RHP for detailed information.
IPO date
Sep 26,2024 - Sep 30,2024
Listing Date
Oct 04,2024
Face value
₹10
Price Band
₹159 to ₹168 per share
Lot
₹88 Shares
Total Issue Size
94.05 Lakh (94,05,000)
aggregating up to ₹158.00 Cr (1,58,00,40,000)
Fresh Issue
94.05 Lakh (94,05,000)
aggregating up to ₹158.00 Cr (1,58,00,40,000)
Issue Type
Book Building
IPO Type
Main BoardListing At
NSEBSE
Thu, Sep 26, 2024
IPO Open
Mon, Sep 30, 2024
IPO Close
Tue, Oct 01, 2024
Basis of Allotment
Thu, Oct 03, 2024
Initiation of Refunds
Thu, Oct 03, 2024
Credit of Shares to Demat
Fri, Oct 04, 2024
Listing
Diffusion Engineers IPO Day-wise IPO GMP Trend
Diffusion Engineers IPO last GMP is ₹55, last updated Oct 03,2024. With the price band of 168.00, Diffusion Engineers IPO 's estimated listing price is ₹223 (cap price + today's GMP).The expected percentage gain/loss per share is 32.74%.
| Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 03-Oct-24 | 168.00 | 55 | 223(32.74%) | 3-Oct-2024 15:57 |
| 02-Oct-24 | 168.00 | 57 | 225(33.93%) | 2-Oct-2024 23:28 |
| 01-Oct-24 | 168.00 | 66 | 234(39.29%) | 1-Oct-2024 23:25 |
| 30-Sep-24 | 168.00 | 60 | 228(35.71%) | 30-Sep-2024 23:30 |
| 29-Sep-24 | 168.00 | 58 | 226(34.52%) | 29-Sep-2024 23:28 |
| 28-Sep-24 | 168.00 | 64 | 232(38.10%) | 28-Sep-2024 23:29 |
| 27-Sep-24 | 168.00 | 55 | 223(32.74%) | 27-Sep-2024 23:28 |
| 26-Sep-24 | 168.00 | 90 | 258(53.57%) | 26-Sep-2024 23:31 |
| 25-Sep-24 | 168.00 | 80 | 248(47.62%) | 25-Sep-2024 23:30 |
| 24-Sep-24 | 168.00 | 77 | 245(45.83%) | 24-Sep-2024 23:31 |
| 23-Sep-24 | 168.00 | 50 | 218(29.76%) | 23-Sep-2024 23:24 |
Diffusion Engineers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail(Min) | 1 | 88 | ₹14,784 |
Retail(Max) | 13 | 1,144 | ₹1.92 Lakh (1,92,192) |
SHNI(Min) | 14 | 1,232 | ₹2.07 Lakh (2,06,976) |
SHNI(Max) | 67 | 5,896 | ₹9.91 Lakh (9,90,528) |
BHNI(Min) | 68 | 5,984 | ₹10.05 Lakh (10,05,312) |
About Diffusion Engineers Limited
Founded in 1982, Diffusion Engineers Limited is active in the manufacture of welding consumables, wear plates and parts, and heavy machinery for core industries.
The company offers specialized repair and reconditioning services for heavy machinery and equipment. The company also trades in wear protection powders and welding and cutting machines. At its production facilities, the company offers the Super Conditioning process, a surface treatment for machine components that increases wear resistance, eliminates stresses, and improves reparability, ultimately extending service life and reducing production costs.
Diffusion Engineers Limited has four manufacturing units, of which Units I, II, and III are located at Nagpur Industrial Area, Hingna, Nagpur, Maharashtra, and Unit IV at Khapri (Uma), Nagpur, Maharashtra is responsible for the processing and manufacturing of the products. The manufacturing operations are spread across the various units as follows:
- Unit I: Welding electrodes for special purposes;
- Unit II: Flux cored wires, wear plates and wear parts through fabrication and machining;
- Unit III: Coatings for abrasion and corrosion resistance;
- Unit IV: Flux-cored wires (since the financial year 2024), wear plates, and heavy engineering.
As of February 29, 2024, the company had a team of over 130 qualified engineers.
Diffusion Engineers IPO 's documents
Diffusion Engineers Limited Contact Details
Diffusion Engineers Limited
T-5 & T-6,
Nagpur Industrial Area, MIDC,
Hingna, Nagpur - 440016
Phone: +91 9158317943
Email: [email protected]
Website: https://www.diffusionengineers.com/
Diffusion Engineers IPO 's Promoters
Mr. Prashant Garg, Dr. Nitin Garg, and Ms. Chitra Garg are the company promoters.