Shares of Diffusion Engineers Ltd are listed at ₹193, which is 15.17% higher than the issue price on the National Stock Exchange (NSE). Listed on the Bombay Stock Exchange (BSE) at ₹188, 11.90% higher than the issue price. The issue price of this IPO was ₹168.
The IPO was open to investors from September 26 to September 30. The IPO was subscribed a total of 114.5 times in three trading days. It was subscribed 85.61 times in Retail category, 95.74 times in Qualified Institutional Buyers (QIB) and 207.60 times in Non-Institutional Investors (NII) category.
Diffusion Engineers' issue was worth ₹158 crore This issue of Diffusion Engineers was a total of ₹ 158 crore. For this, the company issued 9,405,000 new shares worth ₹158 crore. Existing investors of the company have not sold a single share through Offer for Sale i.e. OFS.
Retail investors can bid for a maximum of 845 shares Diffusion Engineers Ltd had set an IPO price band of ₹159 to ₹168. Retail investors can bid for a minimum of one lot i.e. 88 shares. If you had applied for 1 lot at the IPO's upper price band of ₹168, you would have had to invest ₹14,784.
At the same time, 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 was reserved for retail investors The company reserved 50% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 35% share was reserved for retail investors and remaining 15% share was 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.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
