Diffusion Engineers IPO, a book built issue of Rs 158.00 crore, will open for subscription on September 26, 2024 and end for bidding on 30th September. Diffusion Engineers IPO price band is fixed in the range of Rs 159-168 per share. The retail investors are mandated to make a bid for a minimum single lot size of 88 shares, amounting to Rs 14,784. The investors applying in the sNII category, are required to apply for 14 lots for Rs 206,976, and bNII category investors are required to bid for 68 lots for Rs 1,005,312. The share will list on BSE and NSE.
Diffusion Engineers IPO GMP stands at Rs 77 as per investorgain. With the price band of Rs 168, the shares are expected to get listed at a price of Rs 233, which means a gain of around 45 per cent.
Diffusion Engineers IPO predicted allotment date: October 1, 2024
Refunds process likely to begin: 3rd October
Shares to be credited to Demat accounts of eligible investors: October 3
Tentative listing date: October 4
Book running lead manager: Unistone Capital Pvt Ltd
Bigshare Services Pvt Ltd is the registrar for the issue
Around 50,000 shares are reserved for employees at a discount of Rs 8 to the issue price.
On October 11, 2023, the company allotted 2,65,570 equity shares of the face value of Rs 10/- each on preferential basis via private placement. On November 29, 2023, the firm allotted 2,40,18,222 equity shares of the face value of Rs 10/- each as fully paid-up bonus shares.
Period Ended
March 31, 2204
Assets
Rs 275.59 cr
Revenue
Rs 285.56 cr
Profit After Tax
Rs 30.8 cr
Net Worth
Rs 190.7 cr
Reserves and Surplus
Rs 163.03 cr
Total Borrowing
Rs 34.44 cr
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Diffusion Engineers IPO is creating a buzz in the grey market. The issue opens on September 26, 2024 and ends on 30th September. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
