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Diffusion Engineers Limited
Issue Size (Net)
up to Rs.158.00 Cr
Price Band
Rs.159 to Rs.168 per share
Issue Opens
September 26, 2024
Issue Closes
September 30, 2024

Company Highlights

1.Company Information

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.

2. Objects of the Issue

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1. Funding capital expenditure requirements towards the expansion of existing manufacturing facility at Khasra No. 36, 38/1, 38/2, 38/3, Khapri (Uma), Nagpur- 441 501, Maharashtra, India (Proposed Expansion);
2. Setting up of a new manufacturing facility located at Plot Nos. 33-B/1/1/ & 33-B/1/1/Part, MIDC, Hingna, Sonegaon District, Nagpur-440 016, Maharashtra (Proposed Facility);
3. Funding working capital requirements of the Company; and
4. General Corporate Purposes.

3. Diffusion Engineers IPO Registrar
Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com

Diffusion Engineers Limited Financial Information (Restated Consolidated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-24
275.59
285.56
30.80
190.70
163.03
34.44
31-Mar-23
230.34
258.67
22.15
142.00
138.39
48.09
31-Mar-22
189.55
208.75
17.05
120.65
117.34
24.60
Amount in Rs. Crore

Manba Finances IPO Details

Issue Opening Date
September 26, 2024
Issue Closing Date
September 30, 2024
Face Value
Rs.10 per share
Price
Rs.159 to Rs.168 per share
Lot Size
88 Shares
Issue Size
9,405,000 shares(aggregating up to Rs.158.00 Cr)
Fresh Issue
9,405,000 shares(aggregating up to Rs.158.00 Cr)
Employee Discount
Rs 8 per share
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE

Diffusion Engineers IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Thursday, September 26, 2024
Closing Date
Monday, September 30, 2024
Basis of Allotment
Tuesday, October 1, 2024
Initiation of Refunds
Thursday, October 3, 2024
Credit of Shares to Demat
Thursday, October 3, 2024
Listing Date
Friday, October 4, 2024
Cut-off time for UPI mandate confirmation
5 PM on September 30, 2024

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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