Diffusion Engineers IPO vs Waaree Energies IPO

Comparision between Diffusion Engineers IPO and Waaree Energies IPO.

IPO Details

Diffusion Engineers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Waaree Energies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Diffusion Engineers IPO	Waaree Energies 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	Axis Capital Limited Iifl Securities Ltd Jefferies India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited Intensive Fiscal Services Private Limited Iti Capital Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private 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 Waaree Energies IPO is up to ₹4,321.44 Cr. The final issue price of Diffusion Engineers IPO is ₹168.00 per share and of Waaree Energies IPO is ₹1,503.00 per share.

	Diffusion Engineers IPO	Waaree Energies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹159.00 per share	₹1,427.00 per share
Issue Price (Upper)	₹168.00 per share	₹1,503.00 per share
Issue Price (Final)	₹168.00 per share	₹1,503.00 per share
Discount (Retail)
Discount (Employee)	₹8.00 per share
Market Lot Size	88 shares	9 shares
Fresh Issue Size	94,05,000 shares	2,39,52,095 shares
Fresh Issue Size (Amount)	up to ₹158.00 Cr	up to ₹3,600.00 Cr
OFS Issue Size		48,00,000 shares
OFS Issue Size (Amount)		up to ₹721.44 Cr
Issue Size Total	94,05,000 shares	2,87,52,095 shares
Issue Size Total (Amount)	up to ₹158.00 Cr	up to ₹4,321.44 Cr

IPO Timetable

Diffusion Engineers IPO opens on Sep 26, 2024, while Waaree Energies IPO opens on Oct 21, 2024. The closing date of Diffusion Engineers IPO and Waaree Energies IPO is Sep 30, 2024, and Oct 23, 2024, respectively.

	Diffusion Engineers IPO	Waaree Energies IPO
Anchor Bid Date	Sep 25, 2024	Oct 18, 2024
Issue Open	Sep 26, 2024	Oct 21, 2024
Issue Close	Sep 30, 2024	Oct 23, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Oct 24, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Oct 25, 2024
Credit of Share (Tentative)	Oct 03, 2024	Oct 25, 2024
Listing date (Tentative)	Oct 04, 2024	Oct 28, 2024
Anchor Lockin End date 1	Oct 31, 2024	Nov 22, 2024
Anchor Lockin End date 2	Dec 30, 2024	Jan 21, 2025

Financials

Diffusion Engineers IPO P/E ratio is 15.28, as compared to Waaree Energies IPO P/E ratio of 30.87.

Diffusion Engineers IPO

Waaree Energies 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

Waaree Energies Limited Financial Information (Restated Consolidated)

Waaree Energies Limited's revenue increased by 69.56% and profit after tax (PAT) rose by 154.73% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	11,989.48	11,313.73	7,419.92	2,237.40
Revenue	3,496.41	11,632.76	6,860.36	2,945.85
Profit After Tax	401.13	1,274.38	500.28	79.65
Net Worth	4,471.71	4,074.84	1,826.02	427.13
Reserves and Surplus	4,221.69	3,825.00	1,594.92	230.43
Total Borrowing	261.24	317.32	273.48	313.08
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

93.10%

71.80%

Promoter Shareholding (Post-Issue)

69.70%

64.30%

P/E Ratio

15.28

30.87

Market Cap

₹628.76 Cr.

₹42939.36 Cr.

ROE

18.52%%

8.79%%

ROCE

20.63%%

9.45%%

Debt/Equity

0.18

0.06

EPS

₹10.99

₹48.69

RoNW

18.52%%

8.81%%

Shares Offered

In the Diffusion Engineers IPO retail investors (RII) are offered 32,74,250 shares while in Waaree Energies IPO retail investors are offered 32,74,250 shares. Qualified institutional buyers (QIB) are offered 18,71,000 shares in Diffusion Engineers IPO and 56,63,925 shares in Waaree Energies IPO.

	Diffusion Engineers IPO	Waaree Energies IPO
Anchor Investor Reserveration	28,06,500 shares	84,95,887 shares
Market Maker Reserveration
QIB	18,71,000 shares	56,63,925 shares
NII	14,03,250 shares	42,47,945 shares
RII	32,74,250 shares	99,11,869 shares
Employee	50,000 shares	4,32,468 shares
Others
Total	65,98,500 shares	2,02,56,207 shares

Bids Received (Subscription)

Diffusion Engineers IPO subscribed 114.50x in total, whereas Waaree Energies IPO subscribed 79.44x.

	Diffusion Engineers IPO	Waaree Energies IPO
QIB (times)	95.74x	215.03x
NII (times)	207.60x	65.25x
Big NII (times)	203.34x	71.32x
Small NII (times)	216.13x	53.10x
RII (times)	85.61x	11.27x
Employee (times)	95.05x	5.45x
Other (times)
Total (times)	114.50x	79.44x

Compare with others

Diffusion Engineers IPO	Waaree Energies IPO
Deepak Builders & Engineers IPO	Sagility India IPO
Waaree Energies IPO	ACME Solar Holdings IPO
Garuda Construction and Engineering IPO	Swiggy IPO
Afcons Infrastructure IPO	Godavari Biorefineries IPO
Hyundai Motor IPO	Deepak Builders & Engineers IPO
Manba Finance IPO	Garuda Construction and Engineering IPO
KRN Heat Exchanger IPO	Afcons Infrastructure IPO
Northern Arc Capital IPO	Hyundai Motor IPO
Arkade Developers IPO	Diffusion Engineers IPO
Western Carriers (India) IPO	Manba Finance IPO

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