Diffusion Engineers Limited's IPO will open on September 26. Investors can bid for this IPO till September 30. The company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 4.
Diffusion Engineers Ltd intends to raise a total of ₹158 crore through this issue. For this, the company is issuing 9,405,000 new shares worth ₹158 crore. The existing investors of the company are not selling a single share through Offer for Sale i.e. OFS.
If you are also thinking of investing in it, we are telling you how much you can invest in it.
What is the minimum and maximum amount that can be invested? Diffusion Engineers Ltd has fixed the IPO price band at ₹159 to ₹168. Retail investors can bid for a minimum of one lot i.e. 88 shares. If you apply for 1 lot at the IPO's upper price band of ₹168, you will have to invest ₹14,784.
While retail investors can apply for a maximum of 13 lots i.e. 1144 shares. For this, investors have to invest ₹192,192 as per the upper price band.
35% of the issue reserved for retail investors The company has reserved 50% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 35% shares are reserved for retail investors and remaining 15% shares are reserved for non-institutional investors (NII).
Diffusion Engineers was established in 1982 Diffusion Engineers Limited was established in 1982. The company provides a variety of welding related services and manufactures heavy equipment. Diffusion Engineers provides its services in more than 20 countries and also exports its products. As of 29 February 2024, the company had a team of over 130 qualified engineers.
What is an IPO? When a company issues its shares to the general public for the first time, it is called an initial public offering or IPO. A company needs money to grow its business. In such a situation, the company raises money by selling some shares to the public or by issuing new shares instead of borrowing from the market. For this the company brings IPO.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
