Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Expansion of Unit IV manufacturing facility
Capital expenditure for the proposed expansion of the company's manufacturing facility at Unit IV, Khapri, Nagpur.
New manufacturing facility at Hingna
Capital expenditure for setting up a new manufacturing facility at Hingna, Nagpur.
Working capital
Funding the company's working capital requirements.
General corporate purposes
The balance of the net proceeds is earmarked for general corporate purposes.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
Diffusion Engineers Limited, founded in 1982 and converted to a public limited company in 1995, manufactures welding consumables, wear plates and wear parts, and heavy engineering machinery for core industries. The company also offers specialised repair and reconditioning services for heavy machinery and equipment, and trades in wear-protection powders and welding and cutting machines. The company operates four manufacturing units in and around Nagpur, Maharashtra: three at the Nagpur Industrial Area in Hingna, and a fourth at Khapri (Uma), Nagpur. Its products serve core industrial sectors such as cement, steel, mining and power generation, where wear resistance and repair of heavy equipment are critical to operations. The company is controlled by the Garg family, led by Prashant Garg, Nitin Garg and Chitra Garg. Its IPO was structured entirely as a fresh issue, with proceeds directed toward expanding its Unit IV manufacturing facility, setting up a new facility in Hingna, and funding working capital. It competes with other Indian welding and engineering products manufacturers such as Ador Welding and AIA Engineering.
The anchor book raised over Rs 47 crore ahead of the issue opening. HDFC Mutual Fund invested about Rs 18.14 crore for 10.8 lakh shares, 3P India Equity Fund invested about Rs 15 crore for 8.92 lakh shares, and Saint Capital Fund and Craft Emerging Market Fund each invested around Rs 5 to 9 crore.
Source: RHP • Analysis provided for informational purposes
Last Updated: 14 July 2026, 5:30 AM
Diversified industrial product range
The company manufactures welding consumables, wear plates and heavy engineering machinery, and offers repair and reconditioning services, giving it multiple revenue streams within core industrial sectors.
Multi-unit manufacturing base
Four manufacturing units around Nagpur give the company production scale and flexibility to serve a broad industrial customer base.
Long operating track record
The company has operated since 1982, giving it decades of experience and established relationships in wear-resistant and welding products.
Fully priced at issue
The issue was priced at a level that left limited valuation headroom based on trailing earnings, increasing sensitivity to any earnings disappointment.
Customer industry cyclicality
Demand depends on capital spending cycles in core industries such as cement, steel and mining, which can be cyclical.
Limited direct listed comparables
The company's closest listed peers are not fully comparable on an apples-to-apples basis, making relative valuation less precise.
No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.