Diffusion Engineers IPO subscriptions to close today; listing on October 4

Diffusion Engineers IPO : The Initial Public Offering ( IPO ) for the Diffusion Engineers, a book-built issue of Rs 158 crore, will close on Wednesday, 30 September 2024 with 0.94 crore shares issued. The issue has garnered strong attention from investors since its opening on 26 September 2024 and share allotment is likely to be finalised on Tuesday, 1 October 2024.

The price band of the IPO of Diffusion Engineers has been set between Rs 159 and Rs 168 per share with the retail investors expected to subscribe with a minimum lot size of 88 shares that would amount to a minimum investment of Rs 14,784. 

For non-institutional investors or NII, small non-institutional investors or sNII is a minimum of 14 lots or 1,232 equity shares for an aggregate amount of Rs 206,976. For larger NIIs (bNII), the minimum lot size will be of 68 lots or 5,984 shares with a cost of Rs 1,005,312.

Diffusion Engineers has reserved 50,000 shares for its employees who would receive a rebate of Rs 8 per share on the final issue price.

Critical Dates for Diffusion Engineers IPO  

• IPO Opens: 26-Sep-2024  
• IPO Closes: 30-Sep-2024  
• Final Allotment Date: 01-Oct-2024
• Tentative Listing Date: October 4, 2024

The company is to list its shares on Bombay Stock Exchange (BSE) and National Stock Exchange ( NSE ) on Friday, October 4, 2024. Anchor investors have subscribed to a major part of the offer, 47.15 per cent out of the total issue size set aside for anchor investors.

Diffusion Engineers is one company that has undertaken many roles in providing maintenance and repair solutions across industries, and the proceeds from this IPO would go to its expansion plans.