Diffusion Engineers Ltd IPO, GMP, Grey Market Premium Today | Good news is coming for IPO investors. Let us tell you that the IPO of Diffusion Engineers Limited worth Rs 158 crore is going to open on 26th September. Diffusion Engineers IPO will close on September 30. The shares of this issue are expected to be listed on October 4.
Diffusion Engineers Limited Company Details
According to the official website of Diffusion Engineers Limited Company, established in 1982, Diffusion Engineers Limited is active in manufacturing of welding materials, wear plates and parts, and heavy machinery for core industries.
Diffusion Engineers Limited provides specialized repair and reconditioning services for heavy machinery and equipment. Along with this, Diffusion Engineers Limited Company also trades in wear protection powder, welding and cutting machines. Diffusion Engineers Limited has four manufacturing units located in Maharashtra.
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Diffusion Engineers Limited Company IPO
Diffusion Engineers Limited Company IPO | This issue of Rs 158 crore is a completely fresh issue of 94 lakh shares.
Diffusion Engineers Limited Company IPO Promoters
Prashant Garg, Nitin Garg and Chitra Garg are the promoters of the company.
Diffusion Engineers Limited Revenue
Talking about Diffusion Engineers Limited Revenue, Diffusion Engineers Limited’s revenue increased by 10% and profit after tax (PAT) increased by 39% between the financial year ending March 31, 2024 and March 31, 2023.
According to the information, the company’s revenue in FY 24 was Rs 285.56 crore and profit after tax was Rs 30.8 crore.
Diffusion Engineers Limited IPO Price Band
The price band for Diffusion Engineers IPO is Rs 159-168. The minimum lot size with one application is 88 shares. The minimum investment amount for retail investors is Rs 14 thousand 784.
Diffusion Engineers Ltd IPO Motive
Diffusion Engineers Limited IPO, the company will utilize the proceeds from this issue for expansion of its existing manufacturing unit, to set up a new manufacturing unit, to meet the working capital requirements and to meet general corporate objectives.
Diffusion Engineers Ltd IPO GMP
According to market analysts, Diffusion Engineers IPO GMP in the unlisted market is priced at Rs 50, which is 29.7% higher than the cap price.
Diffusion Engineers Limited Lead Managers
Unistone Capital Pvt Ltd is the book running lead manager of the Diffusion Engineers IPO, while BigShare Services Pvt Ltd is the registrar to the issue.