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Diffusion Engineers IPO
Price Band
₹159.0–168.0
Issue Size
₹157.96 Cr
Lot Size
88 shares
Min Investment
₹14,784
GMP
+₹58.0 (34.52%)
Issue Price
₹168.0
Subject to Sauda
₹3900
Paid only if allotted
Diffusion Engineers IPO AI Summary
- Diffusion Engineers IPO is listed on BSE, NSE in the Other Industrial Products sector.
- Price band: ₹159.0–₹168.0 per share, lot size 88 shares (min. investment ₹14,784).
- Subscription window: 26 Sep–30 Sep 2024, listing on 04 Oct 2024.
- Current GMP is +₹58.0 (34.52%), an estimated listing price of ₹226 — unofficial and can change daily.
Diffusion Engineers Limited is set to list on October 4, 2024, with a price band of ₹159.0 to ₹168.0. The company has shown consistent revenue and profit growth over the past three years, and plans to use the IPO proceeds for expansion and working capital.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Diffusion Engineers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 Sep 2024 — not a current signal.
7 of 11 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Diffusion Engineers IPO Grey Market Premium (GMP) Today
GMP
+₹58.0
GMP %
+34.52%
Est. Listing
₹226.0
Updated: 25 Jul 2026 14:03
About the Company
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.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 275.59 | 230.34 | 189.55 |
| Total Income | 285.56 | 258.67 | 208.75 |
| Profit After Tax | 30.80 | 22.15 | 17.05 |
| NET Worth | 190.70 | 142.00 | 120.65 |
| Reserves and Surplus | 163.03 | 138.39 | 117.34 |
| Total Borrowing | 34.44 | 48.09 | 24.60 |
Key Ratios
EPS
₹10.99
NAV
₹68.06
ROE
18.52%
ROCE
20.63%
RoNW
18.52%
P/B Value
2.47
P/E Ratio
15.28
Market Cap
₹628.76 Cr
PAT Margin
10.79%
Debt/Equity
0.18
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Aia Engineering Ltd. | 705.86 | 18.41% | 35.88 | 120.4 | 120.4 |
| Ador Welding Ltd. | 266.49 | 18.43% | 29.01 | 46.46 | 46.46 |
| Diffusion Engineers Limited This IPO | 68.06 | 18.52% | — | 10.94 | 10.94 |
Promoters
Prashant Garg, Nitin Garg and Chitra Garg
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure requirements towards expansion of the existing manufacturing facility at Khasra No. 36, 38/1, 38/2, 38/3, Khapri (Uma), Nagpur- 441 501, Maharashtra, India (“Proposed Expansion”) 71.38 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”) 30.39 3 Funding working capital requirements of the Company; and 22.00 4 General Corporate Purposes 18.43
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹208.75 Cr in the year ending 31 Mar 2022, increasing to ₹258.67 Cr by 31 Mar 2023, and further rising to ₹285.56 Cr by 31 Mar 2024. This indicates a consistent growth in revenue over the periods.
Profit Trend
Profit After Tax was ₹17.05 Cr in the year ending 31 Mar 2022, which grew to ₹22.15 Cr by 31 Mar 2023, and reached ₹30.80 Cr by 31 Mar 2024. This reflects a positive trend in profitability across the reported periods.
Valuation
At the issue price of ₹168.0, Diffusion Engineers has an implied P/E ratio of approximately 15.28, compared to peers trading at P/E ratios ranging from 29.01 to 35.88.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the demand for an IPO before it lists on the stock exchange. A positive GMP suggests that the IPO is expected to list at a higher price than its issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's financial health and growth potential.
Who May Want to Wait
Investors who prefer stable, established companies with less risk exposure may want to avoid IPOs like this, as they can be subject to market fluctuations and uncertainties in their early trading days.
Listing Gains — The Risk
The potential for listing gains on the first day of trading can be appealing, but it's important to remember that such gains are not guaranteed. Market conditions, investor sentiment, and company performance can all influence the stock's price on listing day.
This evaluation is generated from Diffusion Engineers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Diffusion Engineers IPO GMP today?
Diffusion Engineers IPO GMP today is +₹58.0 (34.52%), indicating an estimated listing price of ₹226. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Diffusion Engineers IPO?
The price band of Diffusion Engineers IPO is ₹159.0–₹168.0 per share.
When does Diffusion Engineers IPO open and close?
Diffusion Engineers IPO opens on 26 September 2024 and closes on 30 September 2024.
When does Diffusion Engineers IPO list on the stock exchange?
Diffusion Engineers IPO listed on 04 October 2024 at ₹226.0.
What is the lot size for Diffusion Engineers IPO?
The lot size for Diffusion Engineers IPO is 88 shares, requiring a minimum investment of ₹14,784.
What is the lot size for this IPO?
The lot size for the Diffusion Engineers IPO is 88 shares.
What is the minimum investment required?
The minimum investment required is ₹14,784.
What is the price band for the IPO?
The price band for the IPO is ₹159.0 to ₹168.0.
When does the IPO open and close?
The IPO opens on September 26, 2024, and closes on September 30, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected price movement of the IPO before it lists.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Sep 2024
Close
30 Sep 2024
Allotment
01 Oct 2024
Listing
04 Oct 2024
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