Diffusion Engineers IPO vs Western Carriers (India) IPO

Comparision between Diffusion Engineers IPO and Western Carriers (India) IPO.

IPO Details

Diffusion Engineers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Western Carriers (India) IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Diffusion Engineers IPO	Western Carriers (India) 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	Jm Financial Limited Kotak Mahindra Capital Company Limited
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 Western Carriers (India) IPO is up to ₹492.88 Cr. The final issue price of Diffusion Engineers IPO is ₹168.00 per share and of Western Carriers (India) IPO is ₹172.00 per share.

	Diffusion Engineers IPO	Western Carriers (India) IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹159.00 per share	₹163.00 per share
Issue Price (Upper)	₹168.00 per share	₹172.00 per share
Issue Price (Final)	₹168.00 per share	₹172.00 per share
Discount (Retail)
Discount (Employee)	₹8.00 per share
Market Lot Size	88 shares	87 shares
Fresh Issue Size	94,05,000 shares	2,32,55,813 shares
Fresh Issue Size (Amount)	up to ₹158.00 Cr	up to ₹400.00 Cr
OFS Issue Size		54,00,000 shares
OFS Issue Size (Amount)		up to ₹92.88 Cr
Issue Size Total	94,05,000 shares	2,86,55,813 shares
Issue Size Total (Amount)	up to ₹158.00 Cr	up to ₹492.88 Cr

IPO Timetable

Diffusion Engineers IPO opens on Sep 26, 2024, while Western Carriers (India) IPO opens on Sep 13, 2024. The closing date of Diffusion Engineers IPO and Western Carriers (India) IPO is Sep 30, 2024, and Sep 19, 2024, respectively.

	Diffusion Engineers IPO	Western Carriers (India) IPO
Anchor Bid Date	Sep 25, 2024	Sep 12, 2024
Issue Open	Sep 26, 2024	Sep 13, 2024
Issue Close	Sep 30, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Sep 23, 2024
Credit of Share (Tentative)	Oct 03, 2024	Sep 23, 2024
Listing date (Tentative)	Oct 04, 2024	Sep 24, 2024
Anchor Lockin End date 1	Oct 31, 2024	Oct 19, 2024
Anchor Lockin End date 2	Dec 30, 2024	Dec 18, 2024

Financials

Diffusion Engineers IPO P/E ratio is 15.28, as compared to Western Carriers (India) IPO P/E ratio of 16.85.

Diffusion Engineers IPO

Western Carriers (India) 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

Western Carriers (India) Limited Financial Information (Restated Consolidated)

Western Carriers (India) Limited's revenue increased by 3% and profit after tax (PAT) rose by 12% 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	754.01	604.14	490.33
Revenue	1,691.41	1,637.84	1,475.79
Profit After Tax	80.35	71.57	61.13
Net Worth	398.36	318.61	257.58
Reserves and Surplus	359.01	279.08	157.12
Total Borrowing	266	210.47	150.4
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

93.10%

99.99%

Promoter Shareholding (Post-Issue)

69.70%

71.89%

P/E Ratio

15.28

16.85

Market Cap

₹628.76 Cr.

₹1753.63 Cr.

ROE

18.52%%

22.41%%

ROCE

20.63%%

29.23%%

Debt/Equity

0.18

0.67

EPS

₹10.99

₹10.21

RoNW

18.52%%

20.17%%

Shares Offered

In the Diffusion Engineers IPO retail investors (RII) are offered 32,74,250 shares while in Western Carriers (India) IPO retail investors are offered 32,74,250 shares. Qualified institutional buyers (QIB) are offered 18,71,000 shares in Diffusion Engineers IPO and 57,31,163 shares in Western Carriers (India) IPO.

	Diffusion Engineers IPO	Western Carriers (India) IPO
Anchor Investor Reserveration	28,06,500 shares	85,96,743 shares
Market Maker Reserveration
QIB	18,71,000 shares	57,31,163 shares
NII	14,03,250 shares	42,98,372 shares
RII	32,74,250 shares	1,00,29,535 shares
Employee	50,000 shares	0 shares
Others
Total	65,98,500 shares	2,00,59,070 shares

Bids Received (Subscription)

Diffusion Engineers IPO subscribed 114.50x in total, whereas Western Carriers (India) IPO subscribed 31.69x.

	Diffusion Engineers IPO	Western Carriers (India) IPO
QIB (times)	95.74x	28.81x
NII (times)	207.60x	46.68x
Big NII (times)	203.34x	41.65x
Small NII (times)	216.13x	56.73x
RII (times)	85.61x	26.92x
Employee (times)	95.05x
Other (times)
Total (times)	114.50x	31.69x

Compare with others

Diffusion Engineers IPO	Western Carriers (India) IPO
Deepak Builders & Engineers IPO	Diffusion Engineers IPO
Waaree Energies 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
Manba Finance IPO	P N Gadgil Jewellers IPO
KRN Heat Exchanger IPO	Kross IPO
Northern Arc Capital IPO	Tolins Tyres IPO
Arkade Developers IPO	Shree Tirupati Balajee IPO
Western Carriers (India) IPO	Gala Precision Engineering IPO

Comments

Add a public comment...