Diffusion Engineers IPO subscription status began on Thursday, September 26, 2024, and will conclude on September 30, 2024. The company plans to raise around ₹158.00 crores through this offering. Furthermore, the allocation includes 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (NII). In addition, the price band is set between ₹159 and ₹168 per equity share.
The IPO consists of a minimum market lot of 88 Shares requiring an application amount of ₹14,784. Diffusion Engineers is a Mainboard IPO that will be listed on the BSE & NSE.
Also read: Diffusion Engineers IPO: Dates, Pricing and Allotment 2024
Table of contents
About Company
Diffusion Engineers Limited, located at T-5 & T-6, Nagpur Industrial Area, MIDC, Hingna, Nagpur – 440016, Maharashtra, specializes in manufacturing welding consumables, wear plates, wear parts, and heavy engineering machinery for core industries. Moreover, With over four decades of experience, the company is committed to providing specialized repair and reconditioning services for heavy machinery and equipment. In addition, it actively trades anti-wear powders, as well as welding and cutting machinery.
Furthermore, the company has developed a forward integration system that enables it to manufacture specialized electrodes and flux-cored wires, which it then uses to produce wear-resistant plates. Currently, Diffusion Engineers operates four manufacturing units; specifically, three are located in the Nagpur Industrial Area, Hingna, Nagpur – 440016, while the fourth is situated in Khapri (Uma), Nagpur – 441501. Together, these facilities efficiently handle the processing and manufacturing of their diverse range of products.
IPOGMP.IN View
We recommend that investors consider applying for the IPO with a long-term perspective. Moreover, it is essential for investors to review the QIB, NII, and retail numbers before making an investment.
Diffusion Engineers IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.03 | 0.28 | 95.74 |
| NII | 6.82 | 47.22 | 207.60 |
| bNII | 4.26 | 37.81 | 203.34 |
| sNII | 11.93 | 66.03 | 216.13 |
| RII | 11.39 | 34.33 | 85.61 |
| Total | 7.24 | 27.44 | 114.50 |
Diffusion Engineers IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Diffusion Engineers
- May Apply
Diffusion Engineers IPO Form
To apply for the Diffusion Engineers IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The subscription opens on September 26, 2024, for QIB, NII, and Retail Investors.
Additionally, You can subscribe using ASBA or Non-ASBA options. Apply online through your bank’s ASBA service, or download the form and submit it to your broker or bank.
Firstly, Visit our portal for live updates, or check the official IPO page for hourly subscription numbers.
Firstly, Log into the Zerodha Console, go to Portfolio, click on IPO, and choose “Diffusion Engineers.” Enter your UPI ID, quantity, and price, then submit the form. Finally, approve the mandate through your UPI app.
Simply, Log into Upstox, select the IPO, confirm your application, and approve the mandate via your UPI app.
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