Its Last Day: Did You Subscribe To Diffusion Engineers IPO?

Diffusion Engineers’ ₹158 crore IPO closes on September 30, 2024. Diffusion Engineers IPO is entirely a fresh issue of 0.94 crore shares. The allotment for the Diffusion Engineers IPO is expected to be finalised on October 1, 2024. Diffusion Engineers IPO will be listed on BSE and NSE with a tentative listing date of October 4, 2024.

Diffusion Engineers IPO price band is set at ₹159 to ₹168 per share. The minimum lot size for an application is 88 Shares. The minimum amount of investment required by retail investors is ₹14,784.  Diffusion Engineers has appointed Unistone Capital Pvt Ltd as the book-running lead manager of the IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

On September 30, 2024, at 12:40 PM, Diffusion Engineers IPO subscribed 53.87 times. The public issue subscribed 56.76 times in the retail category, 1.82 times in QIB, and 116.15 times in the NII category.

Diffusion Engineers IPO’s last GMP was ₹58 as of September 30, 2024, 11:29 AM. With a price band of ₹168.00, Diffusion Engineers IPO’s estimated listing price is ₹226 (cap price + today’s GMP). The expected percentage gain/loss per share is 34.52%.

Diffusion Engineers Limited is active in the manufacture of welding consumables, wear plates and parts, and heavy machinery for core industries.

The company offers specialised repair and reconditioning services for heavy machinery and equipment. The company also trades in wear protection powders and welding and cutting machines. 

At its production facilities, the company offers the Super Conditioning process, a surface treatment for machine components that increases wear resistance, eliminates stresses, and improves reparability, ultimately extending service life and reducing production costs.

Diffusion Engineers Limited has 4 manufacturing units, of which Units I, II, and III are located at Nagpur Industrial Area, Hingna, Nagpur, Maharashtra, and Unit IV at Khapri (Uma), Nagpur, Maharashtra is responsible for the processing and manufacturing of the products.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.