The Diffusion Engineers Limited IPO is currently open for subscription, running from September 26, 2024, to September 30, 2024. Investors are showing keen interest, with strong oversubscription and a healthy Grey Market Premium (GMP). Here’s everything you need to know about the Diffusion Engineers Limited IPO GMP today.
Key Details of Diffusion Engineers Limited IPO
- Price Band: ₹159 – ₹168 per share.
- Lot Size: 88 shares, with a minimum investment of ₹13,992.
- Total Issue Size: ₹158 crores, consisting entirely of fresh issues.
- Subscription Status: As of Day 2, the IPO has been oversubscribed by over 27 times, with strong interest from retail and non-institutional investors.
| Detail | Description |
|---|---|
| IPO Opening Date | September 26, 2024 |
| IPO Closing Date | September 30, 2024 |
| Allotment Date | October 1, 2024 |
| Share Credit to Demat | October 3, 2024 |
| Listing Date | October 4, 2024 |
Diffusion Engineers Limited IPO GMP Today
The Diffusion Engineers Limited IPO GMP today stands at ₹90, indicating a positive market sentiment. This strong premium suggests a potential listing gain of around 53.57% based on the upper price band of ₹168 per share.
| GMP Details | Value |
|---|---|
| Current GMP | ₹90 |
| Potential Listing Gain | 53.57% |
| Price Band | ₹159 – ₹168 |
Use of Proceeds
The proceeds from the IPO will be used for various strategic initiatives, which include capital expenditure, establishing a new manufacturing facility, working capital requirements, and general corporate purposes.
| Use of Funds | Amount (₹ Crores) | Percentage |
|---|---|---|
| Capital Expenditure | 71.38 | 45.18% |
| New Manufacturing Facility | 30.39 | 19.23% |
| Working Capital Requirements | 22.00 | 13.92% |
| General Corporate Purposes | 34.24 | 21.67% |
Company Overview
Diffusion Engineers Limited is a key player in the manufacturing of welding consumables, wear plates, and heavy engineering equipment. Established in 1982, the company has grown to serve industries such as cement, steel, and oil & gas.
Financial Performance of Diffusion Engineers Limited
Diffusion Engineers Limited has shown impressive financial growth, reflecting a strong market position and operational efficiency.
| Metric | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Total Revenue (₹ Crores) | 285.56 | 258.67 | 208.75 |
| Profit After Tax (PAT) (₹ Crores) | 30.80 | 22.15 | 17.05 |
| Net Worth (₹ Crores) | 190.70 | 142.00 | 120.65 |
| Debt-to-Equity Ratio | 0.18 | 0.34 | 0.20 |
| Return on Equity (ROE) | 18.52% | 16.86% | 15.10% |
Performance Highlights
- Revenue Growth: Increased by 10% from FY 2023 to FY 2024.
- Profitability: PAT rose by 39%, reflecting improved margins and efficiency.
- Low Debt Levels: A conservative debt-to-equity ratio of 0.18 shows financial prudence.
Subscription Status of Diffusion Engineers Limited IPO
The Diffusion Engineers Limited IPO has received a strong response from investors, with subscriptions significantly oversubscribed by over 27 times as of Day 2.
| Investor Category | Subscription Times |
|---|---|
| Retail Investors | 34 times |
| Non-Institutional Investors | 47 times |
Conclusion
The Diffusion Engineers Limited IPO is gaining significant traction in the market with its robust GMP today and solid subscription figures. For those looking to invest in a well-established player in the engineering sector, this IPO offers a promising opportunity with potential gains on listing day.
Stay updated on the latest Diffusion Engineers Limited IPO GMP today to make informed investment decisions as the subscription period continues.
Hope this blog On Diffusion Engineers IPO GMP today has been informative and insightful.
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