Diffusion Engineers IPO will open the day after tomorrow, know what is the GMP

New Delhi. Diffusion Engineers Limited Initial Public Offering (IPO) of a company manufacturing welding materials, wear plates and parts, and heavy machinery for the core industry will open on September 26. Investors will be able to bid for the shares of this issue till September 30. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 4. Diffusion Engineers IPO is also getting a good response in the grey market. The unlisted shares of the issue are trading at a 39 percent premium (Diffusion Engineers IPO GMP).

Diffusion Engineers Limited wants to raise a total of ₹158 crore from the market through this IPO. For this, the company is issuing 9,405,000 new shares. The existing investors of the company are not selling a single share through Offer for Sale i.e. OFS. The price band of the IPO has been fixed at ₹159 to ₹168.

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You will have to invest at least Rs 14,784
Diffusion Engineers Limited has fixed the price band of the IPO from ₹159 to ₹168. A retail investor can bid for at least one lot. There are 88 shares in one lot. Thus, as per the upper price band of the issue of Rs 168, a minimum of ₹14,784 will have to be invested in the IPO. Retail investors can apply for a maximum of 13 lots i.e. 1144 shares. For this, investors will have to invest ₹192,192 as per the upper price band.

35% share reserved for retail investors
50% of the Diffusion Engineers Limited IPO has been reserved for Qualified Institutional Buyers (QIB). At the same time, 35% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII).

Diffusion Engineers IPO GMP
According to IPOwatch.com, a website that monitors the grey market, Diffusion Engineers IPO shares are getting a good response in the grey market. The company’s unlisted shares are trading at a premium of Rs 65 or 39 per cent in the grey market. According to the grey market, the IPO may be listed at Rs 133 against the issue price of Rs 168.

Company Profile
Diffusion Engineers Limited was established in 1982. The company provides a variety of welding services and manufactures heavy equipment. The company also trades in wear protection powder and welding and cutting machines. Diffusion Engineers Limited has four manufacturing units located in Maharashtra. In FY24, the company’s revenue was Rs 285.56 crore and profit after tax was Rs 30.8 crore.

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