Diffusion Engineers Limited provides a wide range of welding services and manufactures heavy equipment.
Today is the second day of bidding for the Initial Public Offer (IPO) of Diffusion Engineers Limited. Diffusion Engineers' IPO was subscribed a total of 7.34 times on the first day. The issue was subscribed 11.58 times in the retail category, 0.03 times in the Qualified Institutional Buyers (QIB) category and 6.85 times in the Non-Institutional Investors (NII) category.
September 30 is the last day of bidding for the IPO. The company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 4. Diffusion Engineers Limited wants to raise a total of ₹158 crore through this issue. For this, the company is issuing 9,405,000 fresh shares worth ₹ 158 crore. The existing investors of the company are not selling even a single share through Offer for Sale i.e. OFS.
If you are also planning to invest money in it, then we are telling you how much you can invest in it.
What is the minimum and maximum amount that can be invested? Diffusion Engineers Limited has fixed the price band of the IPO 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 upper price band of IPO of ₹168, then you will have to invest ₹14,784.
Whereas, retail investors can apply for maximum 13 lots i.e. 1144 shares. For this, investors will 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% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
Diffusion Engineers was established in 1982 Diffusion Engineers Limited was established in 1982. The company provides various types of welding related services and manufactures heavy equipment. Diffusion Engineers provides its services to more than 20 countries and also exports its products. As of 29 February 2024, the company had a team of more than 130 qualified engineers.
What is IPO? When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
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