Diffusion Engineers IPO vs KRN Heat Exchanger IPO

Comparision between Diffusion Engineers IPO and KRN Heat Exchanger IPO.

IPO Details

Diffusion Engineers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while KRN Heat Exchanger IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Diffusion Engineers IPO	KRN Heat Exchanger IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Unistone Capital Pvt Ltd	Holani Consultants Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Diffusion Engineers IPO is up to ₹158.00 Cr whereas the issue size of the KRN Heat Exchanger IPO is up to ₹341.95 Cr. The final issue price of Diffusion Engineers IPO is ₹168.00 per share and of KRN Heat Exchanger IPO is ₹220.00 per share.

	Diffusion Engineers IPO	KRN Heat Exchanger IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹159.00 per share	₹209.00 per share
Issue Price (Upper)	₹168.00 per share	₹220.00 per share
Issue Price (Final)	₹168.00 per share	₹220.00 per share
Discount (Retail)
Discount (Employee)	₹8.00 per share
Market Lot Size	88 shares	65 shares
Fresh Issue Size	94,05,000 shares	1,55,43,000 shares
Fresh Issue Size (Amount)	up to ₹158.00 Cr	up to ₹341.95 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	94,05,000 shares	1,55,43,000 shares
Issue Size Total (Amount)	up to ₹158.00 Cr	up to ₹341.95 Cr

IPO Timetable

Diffusion Engineers IPO opens on Sep 26, 2024, while KRN Heat Exchanger IPO opens on Sep 25, 2024. The closing date of Diffusion Engineers IPO and KRN Heat Exchanger IPO is Sep 30, 2024, and Sep 27, 2024, respectively.

	Diffusion Engineers IPO	KRN Heat Exchanger IPO
Anchor Bid Date	Sep 25, 2024	Sep 24, 2024
Issue Open	Sep 26, 2024	Sep 25, 2024
Issue Close	Sep 30, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Oct 01, 2024
Credit of Share (Tentative)	Oct 03, 2024	Oct 01, 2024
Listing date (Tentative)	Oct 04, 2024	Oct 03, 2024
Anchor Lockin End date 1	Oct 31, 2024	Oct 30, 2024
Anchor Lockin End date 2	Dec 30, 2024	Dec 29, 2024

Financials

Diffusion Engineers IPO P/E ratio is 15.28, as compared to KRN Heat Exchanger IPO P/E ratio of 24.78.

Diffusion Engineers IPO

KRN Heat Exchanger IPO

Financial

Diffusion Engineers Limited Financial Information (Restated Consolidated)

Diffusion Engineers Limited's revenue increased by 10% and profit after tax (PAT) rose by 39% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	275.59	230.34	189.55
Revenue	285.56	258.67	208.75
Profit After Tax	30.8	22.15	17.05
Net Worth	190.7	142	120.65
Reserves and Surplus	163.03	138.39	117.34
Total Borrowing	34.44	48.09	24.6
Amount in ₹ Crore

KRN Heat Exchanger and Refrigeration Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	258.36
Revenue	313.54
Profit After Tax	39.07
Net Worth	131.65
Total Borrowing	59.69
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

93.10%

94.39%

Promoter Shareholding (Post-Issue)

69.70%

P/E Ratio

15.28

24.78

Market Cap

₹628.76 Cr.

₹1309.51 Cr.

ROE

18.52%%

40.86%%

ROCE

20.63%%

31.21%%

Debt/Equity

0.18

0.45

EPS

₹10.99

₹8.88

RoNW

18.52%%

29.68%%

Shares Offered

In the Diffusion Engineers IPO retail investors (RII) are offered 32,74,250 shares while in KRN Heat Exchanger IPO retail investors are offered 32,74,250 shares. Qualified institutional buyers (QIB) are offered 18,71,000 shares in Diffusion Engineers IPO and 31,07,455 shares in KRN Heat Exchanger IPO.

	Diffusion Engineers IPO	KRN Heat Exchanger IPO
Anchor Investor Reserveration	28,06,500 shares	45,50,000 shares
Market Maker Reserveration
QIB	18,71,000 shares	31,07,455 shares
NII	14,03,250 shares	23,87,215 shares
RII	32,74,250 shares	54,98,330 shares
Employee	50,000 shares	0 shares
Others
Total	65,98,500 shares	1,09,93,000 shares

Bids Received (Subscription)

Diffusion Engineers IPO subscribed 114.50x in total, whereas KRN Heat Exchanger IPO subscribed 213.41x.

	Diffusion Engineers IPO	KRN Heat Exchanger IPO
QIB (times)	95.74x	253.04x
NII (times)	207.60x	430.54x
Big NII (times)	203.34x	445.31x
Small NII (times)	216.13x	401.01x
RII (times)	85.61x	96.74x
Employee (times)	95.05x
Other (times)
Total (times)	114.50x	213.41x

Compare with others

Diffusion Engineers IPO	KRN Heat Exchanger IPO
Deepak Builders & Engineers IPO	Garuda Construction and Engineering IPO
Waaree Energies IPO	Afcons Infrastructure IPO
Garuda Construction and Engineering IPO	Hyundai Motor IPO
Afcons Infrastructure IPO	Diffusion Engineers IPO
Hyundai Motor IPO	Manba Finance IPO
Manba Finance IPO	Northern Arc Capital IPO
KRN Heat Exchanger IPO	Arkade Developers IPO
Northern Arc Capital IPO	Western Carriers (India) IPO
Arkade Developers IPO	P N Gadgil Jewellers IPO
Western Carriers (India) IPO	Kross IPO

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