| Table Of Content |
| 1. Company Overview |
| 2. IPO Important Dates |
| 3. Financial Highlights |
| 4. How to Check |
| 5. Grey Market Premium (GMP) & Expected Gains |
| 6. Strategy: Hold or Sell on Listing Day? |
| 7. Upcoming IPOs |
1. Company Overview
Diffusion Engineers Limited, founded in 1982, specializes in manufacturing welding consumables, wear plates, and parts, as well as providing heavy engineering services for industries such as cement, steel, power, mining, oil & gas, and sugar. The company is known for its repair and reconditioning services, which enhance the durability of heavy machinery. It operates through multiple manufacturing units in Nagpur, India, and offers products like special-purpose electrodes, flux-cored wires, and wear plates
.
2. IPO Important Dates
- IPO Opening Date: September 26, 2024
- IPO Closing Date: September 30, 2024
- Basis of Allotment: October 1, 2024
- Refund Initiation: October 3, 2024
- Shares Credited to Demat Accounts: October 3, 2024
- Listing Date: October 4, 2024.
Issue Size:
- Total Issue Size: 94,05,000 shares (aggregating up to ₹158 crore).
- Fresh Issue: 94,05,000 shares (valued at ₹149.54 – ₹158 crore).
- Offer for Sale (OFS): None​.
Price Band:
- Price per Share: ₹159 to ₹168 per share.
- Face Value: ₹10 per share​.
Lot Size:
- Minimum Investment (Retail): 88 shares (₹14,784).
- Maximum Investment (Retail): 1,144 shares (₹192,192)​
Quota/Reservation:
- Retail Individual Investors (RII): 35% (32,74,250 shares).
- Qualified Institutional Buyers (QIB): 20% (18,71,000 shares).
- Non-Institutional Investors (NII/HNI): 15% (14,03,250 shares).
- Anchor Investors: 30% (28,06,500 shares)​
3. Financial Highlights
For FY 2024, Diffusion Engineers posted revenue of ₹278.14 crore and net profit of ₹30.80 crore, showcasing a growing profitability margin of over 11%. The company’s financial performance has been robust, with an annualized EPS (Earnings per Share) of ₹11.00 before the IPO.
4. How to Check Diffusion Engineers IPO Allotment Status
To check the allotment status of the Diffusion Engineers IPO, investors can:
- Visit the registrar’s website, Bigshare Services Pvt Ltd.
- Alternatively, check via BSE’s official website or through the NSE.
- Use your PAN number, application number, or DP ID/client ID to access the details.
Some important links for reference:
5. Grey Market Premium (GMP) & Expected Gains
As of September 30, 2024, the Grey Market Premium (GMP) for Diffusion Engineers IPO was hovering around ₹60 to ₹63, suggesting potential listing gains of approximately 35-40%. This can translate into a profit margin between ₹5,000 and ₹5,300 for retail investors who secured allotment.
6. Strategy: Hold or Sell on Listing Day?
Considering the robust subscription rates (retail subscription over 85x) and a healthy GMP, short-term investors might consider booking profits on listing day. However, given the company’s strong fundamentals and its position in a growing industry, long-term investors could hold the stock for further appreciation. The decision should depend on individual risk tolerance and investment goals.
upcoming IPOs
- Hyundai Motor India: Expected to be one of the largest IPOs ever, with a target of raising Rs 25,000 crore. This will be an Offer for Sale (OFS) by Hyundai Motor Company​.
- Swiggy: Planning to raise Rs 10,414 crore, combining both a fresh issue and an OFS​.
- NTPC Green Energy: Aiming to raise around Rs 10,000 crore​.
- Afcons Infrastructure: Expected to raise Rs 7,000 crore​.
- Waaree Energies: A solar energy firm, targeting Rs 3,000 crore through a combination of fresh issue and OFS​.