Diffusion Engineers’ IPO is a book-built issue valued at Rs 158.00 crores. The entire issue consists of a fresh offering of 0.94 crore shares.
The subscription period for the Diffusion Engineers IPO opens on September 26, 2024, and closes on September 30, 2024. The allotment of shares is expected to be finalized on Tuesday, October 1, 2024. The company is set to list on both the BSE and NSE, with a tentative listing date scheduled for Friday, October 4, 2024.
Diffusion Engineers Limited operates in the engineering sector, specifically focusing on welding and wear solutions. The company manufactures a wide range of products including welding consumables, wear plates, and heavy engineering equipment. They also provide specialized repair and reconditioning services for heavy machinery and equipment.
The price band for the Diffusion Engineers IPO is set between ₹159 and ₹168 per share. Investors must apply for a minimum lot size of 88 shares, which requires a minimum investment of ₹14,784 for retail investors. For small non-institutional investors (sNII), the minimum investment is 14 lots (1,232 shares), totaling ₹206,976, while for large non-institutional investors (bNII), the minimum investment is 68 lots (5,984 shares), amounting to ₹1,005,312.
The issue also includes a reservation of up to 50,000 shares for employees, offered at a discount of Rs 8 per share from the issue price.
Unistone Capital Pvt Ltd is serving as the book-running lead manager for the Diffusion Engineers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Diffusion Engineers IPO Details:
| Company Name | Diffusion Engineers Limited |
| Sector | Engineering |
| IPO Type | Mainboard |
| IPO Open date | 26th Sep 2024 |
| IPO Close date | 30th Sep 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Diffusion Engineers IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 88 | 14,784 |
| sHNI (Min) | 14 | 1232 | 2,06,976 |
| bHNI (Min) | 68 | 5984 | 10,05,312 |
Diffusion Engineers IPO Timeline:
| IPO Open Date | 26th Sep 2024 |
| IPO Close Date | 30th Sep 2024 |
| Basis of Allotment | 01st Oct 2024 |
| Refund Initiation Date | 03rd Oct 2024 |
| Shares Credit to Demat | 03rd Oct 2024 |
| Listing Date | 04th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Diffusion Engineers’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of Engineering Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Diffusion Engineers and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
