Diffusion Engineers Limited IPO: A Comprehensive Overview
Company Background
Founded in 1982, Diffusion Engineers Limited is a well-established player in the manufacturing sector, specializing in welding consumables, wear plates, heavy machinery, and providing advanced repair and reconditioning services for core industries. The company has also expanded its product portfolio to include wear protection powders and a variety of welding and cutting machines.
Key Products and Services
Super Conditioning Process: A proprietary surface treatment that enhances machine components' wear resistance, reduces stress, improves reparability, and extends equipment life. This results in significant cost savings for customers by reducing production downtime and maintenance expenses.
Manufacturing Capabilities: Diffusion Engineers operates four manufacturing units, all located in Nagpur, Maharashtra. Each unit specializes in a different aspect of the company’s production:
Unit I: Special-purpose welding electrodes
Unit II: Flux-cored wires, wear plates, and fabricated wear parts
Unit III: Coatings for abrasion and corrosion resistance
Unit IV: Heavy engineering, wear plates, and flux-cored wires
Objects of the Issue:
The Diffusion Engineers IPO aims to raise ₹158 Crores, with the funds being allocated towards:
Expansion of manufacturing facilities
Working capital requirements
General corporate purposes
Promoters and Shareholding
Promoters: Mr. Prashant Garg, Dr. Nitin Garg, and Ms. Chitra Garg
Pre-Issue Promoter Holding: 93.10%
Post-Issue Promoter Holding: 69.70%
Diffusion Engineers IPO: Key Details
IPO Dates: 26 to 30 Sept, 2024
Price Band: ₹159 to ₹168 per share
Lot Size: 88 shares
Issue Size: ₹158 Crores
Retail Quota: 35%
Listing Date: October 4, 2024
GMP: 40% (Only for Information)
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