23/09/2024
IPO
Company Overview:
Name: Diffusion Engineers Limited
Industry: Specialized repair and reconditioning services for heavy machinery and equipment
Legacy (Age): 42 years (Founded in 1982)
Market Cap After IPO (approx.): ₹628.76 crore
Net Worth After IPO (approx.): ₹350 crore
Promoter Holding After IPO (approx.): 70%
P/E Ratio After IPO (approx.): 21
P/B Ratio After IPO (approx.): 1.9
Key IPO Details:
Opening Date: September 26, 2024
Closing Date: September 30, 2024
Price Band: ₹159 - ₹168 per share
Lot Size: 88 shares (Investment starts at ₹14,784)
Issue Size: ₹158 crore (Fresh issue of 94.05 lakh shares)
Reason for the IPO:
The company aims to use the IPO proceeds to expand its existing manufacturing facility, set up a new manufacturing unit, fund working capital needs, and for general corporate purposes.
For full company analysis, watch here: https://youtu.be/0WPgJqF40Xw
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