Diffusion Engineers is set to launch its Initial Public Offering (IPO) on September 26, which will close on September 30. The IPO consists entirely of a fresh issue of 94.05 lakh equity shares, with a price band set between ₹159 and ₹168 per share, targeting a total of ₹158 crore. Investors can place bids starting with a minimum lot of 88 shares, with additional shares available in multiples.
The offering is being conducted via the book-building process, with 50% reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors, and 35% for retail investors.
Proceeds from the IPO will be utilized for capital expenditures related to expanding the company’s current manufacturing facilities, establishing a new site in Hingna, meeting working capital needs, and addressing general corporate purposes.
About the company: Diffusion Engineers provides engineering solutions across domestic and international markets, specializing in welding consumables, wear plates, and heavy engineering equipment for critical industries. The company also offers customized repair and refurbishment services for heavy machinery and trades in anti-wear powders and welding and cutting equipment.
In FY24, Diffusion Engineers reported a 10% increase in consolidated revenue from operations, reaching ₹285 crore, primarily driven by growth in welding consumables and trading activities. Net profit surged by 39% year-on-year, totaling ₹30.8 crore.
