Heads up, investors! The Diffusion Engineers initial public offering (IPO) is right around the corner. Here’s the lowdown:
IPO Dates & Price Band
🗓️ Open Date: September 26
🗓️ Close Date: September 30
💵 Price Range: ₹159 – ₹168 per share
💰 Total Offer Size: ₹158 crore
Want in? The minimum bid is for 88 shares, and you can add more in multiples.
Allocation Breakdown:
Here’s how the shares are divvied up:
- 50%: Qualified Institutional Buyers (QIB)
- 15%: Non-Institutional Investors
- 35%: Retail Investors
Purpose of the IPO 💼
Diffusion Engineers isn’t just raising money for the sake of it. The funds will go toward:
🏗️ Expanding their current manufacturing facility
🏢 Setting up a new site in Hingna
💸 Meeting working capital requirements
📈 Other corporate goals
About Diffusion Engineers 🔧
With 40+ years of experience, this Nagpur-based engineering powerhouse specializes in delivering tailored solutions. Their offerings range from welding consumables and wear plates to heavy machinery repair and reconditioning services. Oh, and they also deal in anti-wear powders and cutting/welding equipment.
Financial Snapshot 📊
In FY24, they saw a 10% boost in revenue, raking in ₹285 crore. The star performer? Their welding consumables and wear plates business! On top of that, profits skyrocketed by 39%, hitting ₹30.8 crore. 💥
Pro-Tip: The IPO is being led by Unistone Capital, with Bigshare Services as the registrar. The shares will be listed on both the BSE and NSE.
Ready to jump in? Keep your eye on those opening dates and make sure you’re ready to act fast! 🔥