Diffusion Engineers Limited IPO 2024: An Insightful Overview for Investors
The Diffusion Engineers Limited IPO has stirred excitement among investors as it prepares to make its entry into the public market. Founded in 1982, Diffusion Engineers is a renowned manufacturer of welding consumables, wear plates, and heavy machinery for core industries. This blog delves into the essential aspects of the IPO, including detailed information, reservation specifics, key dates, financial performance, and the current Grey Market Premium (GMP).
Diffusion Engineers is looking to raise approximately ₹158 crore through its initial public offering (IPO), consisting entirely of a fresh issue of equity shares. The company plans to utilize the funds to enhance its manufacturing capabilities and boost operational efficiency. Strong investor demand during the offering period has reflected confidence in the company’s future growth.
IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | September 26, 2024 |
| IPO Close Date | September 30, 2024 |
| Price Band | ₹159 to ₹168 per share |
| Lot Size | 88 shares |
| Total Issue Size | ₹158 crore |
| Fresh Issue | ₹158 crore |
| Offer for Sale | Nil |
| Issue Type | Public Issue (Book Building) |
Reservation Details
| Category | Percentage of Offer |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% |
| Retail Investors (RIIs) | Not less than 35% |
| Non-Institutional Investors (NII) | Not less than 15% |
Key Dates
| Event | Date |
|---|---|
| Basis of Allotment | October 1, 2024 |
| Initiation of Refunds | October 1, 2024 |
| Credit of Shares to Demat | October 4, 2024 |
| Listing Date | October 4, 2024 |
Financial Overview
| Financial Metric | Value (₹ Cr) |
|---|---|
| Revenue from Operations | 278.14 |
| Other Income | 7.42 |
| EBITDA | 47.39 |
| EBITDA Margin (%) | 17.04 |
| Restated Profit After Tax (PAT) | 30.80 |
| PAT Margin (%) | 10.79 |
| Debt-to-Equity Ratio | 0.18 |
Grey Market Premium (GMP)
| Date | GMP (₹) |
|---|---|
| October 2, 2024 | ₹60 |
| September 30, 2024 | ₹65 |
| September 29, 2024 | ₹90 |
As of October 2, 2024, Diffusion Engineers shares are trading at a Grey Market Premium of ₹60, indicating a potential listing gain of 35% over the upper end of the price band. This reflects investor confidence in the company’s growth trajectory within the capital goods sector.
IPO Prospectus
- IPO DRHP: Click Here
- IPO RHP: Click Here
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