Diffusion Engineers Ltd.
Industry:
Electrodes & Welding Equipment
Issue Details
Open Date
26 Sep 2024Close Date
30 Sep 2024Size (in Crs.)
110.855
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-9Lot Size
88
Type
Book building
Face Value
10
Market Lot
1
Objective of the Issue
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
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... Show More
Address
T-5 & T-6 , Nagpur Industrial Area , M I D C, Hingna
Nagpur
440016
Promoter Holding
Promoters:
Chitra Garg, Nitin Garg, Prashant Garg
Total Share Capital
26086970
Offered to Public
9847000
% Promoter's Holding (Pre-Issue)
93.1
% Promoter's Holding (Post-Issue)
69.7
Shares on offer
Total Share Offer
26086970
Of above offred to public
9847000
Post Issue shares
NA
Post Issue Promoters
69.7
Lead Managers to the Issue:
Unistone Capital Pvt Ltd.
Registrar Details
Registrar Name:
Bigshare Services Pvt Ltd
Address
Office No S6-2, 6th Floor, Pinnacle Business Park , Next to Ahura Centre, Mahakali Caves Road , Andheri (E) , Mumbai
400093
