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Issue Open Date
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26-Sep-24
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Issue Closing Date
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30-Sep-24
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Application Money
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100
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Allotment Money
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Price Band
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159
-
168
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Minimium Application No.
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88
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Issue Size (Shares)
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6598500
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Market Lot
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1
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Objective
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1. Funding capital expenditure requirements towards expansion of our existing manufacturing facilityat Khasra No. 36, 37, 38/1, 38/2, 38/3, Khapri (Uma), Nagpur- 441 501, Maharashtra (“ProposedExpansion”)2. Setting up of a new manufacturing facility located at Plot Nos. 33-B/1/1/ & 33-B/1/1/Part, MIDC,Hingna, Sonegaon District, Nagpur – 440 016, Maharashtra (“Proposed Facility”)3. Funding working capital requirements of the Company; and4. General Corporate Purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1403250
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291314672
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207.599980046321
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Qualified Institutional Buyers
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1871000
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179121712
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95.735816141101
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Retail Individual Investors
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3274250
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280295488
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85.6060129800718
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Business Description
We are engaged in the business of providing engineering solutions to customers both in domestic andinternational market. Our Company has been in existence for over four decades and provides a wide rangeof products and services including manufacture of special welding consumables, wear plates and heavyengineering equipment for core industries and provide special and customized repairs and reconditioningservices of heavy machinery and equipment. We are also involved in trading of anti-wear powders andwelding and cutting machinery. We provide super conditioning process at our manufacturing facilities, asurface treatment solution for machine components that greatly improves wear resistance, eliminates stressand increases their repair ability leading to extended life of industrial parts resulting in smootherfunctioning and economy in production costs. We have developed a synergistic system of forwardintegration whereby we manufacture special purpose electrodes and flux cored wires which are utilized formanufacturing wear resistance plates (commonly known as wear plates). These wear plates then becomean integral part of majority of large industrial equipment which are made in our heavy engineering divisionare significant contributor in manufacturing of industrial equipment used in core industries like Cement,Steel, Power, Mining, Engineering, Oil & Gas, Sugar etc. This forward integration helps in achievingefficiency in the production process and gaining competitive advantage, reduction in product costs, controlover supply of raw materials and reduce our dependency on third parties for our operations.
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Promoter's Holding
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Total Share Capital
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26086970
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Offered to Public
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9847000
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Promoter's Holding (Pre-Issue)
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93.1
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Promoter's Holding (Post-Issue)
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69.7
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Address |
T-5 & T-6
Nagpur Industrial Area
M I D C
Hingna
Nagpur,
Maharashtra,
440016
Phone : 9158317943
Email : cs@diffusionengineers.com
Website : www.diffusionengineers.com
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Registrar |
Bigshare Services Pvt Ltd
Office No S6-2
6th Floor
Pinnacle Business Park
Next to Ahura Centre
Mahakali Caves Road
Andheri (E)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
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Unistone Capital Pvt Ltd.
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Promoters |
Chitra Garg
Nitin Garg
Prashant Garg
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