Diffusion Engineers Ltd IPO GMP, Grye Market Premium, Subscription Status Today: In the month of September, many companies launched their IPOs in the Indian stock market and this resulted in huge profits for the investors. Today in this article we will talk about the IPO of Diffusion Engineers Limited.
Diffusion Engineers Limited Company Details
Diffusion Engineers Limited specialises in manufacturing welding consumables, wear plates, components, and heavy machinery for core industries. The company also provides expert repair and reconditioning services for heavy machinery and equipment.
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Diffusion Engineers Ltd IPO Details
Diffusion Engineers Limited IPO Total Issue Size Up to 158 Crores
Diffusion Engineers Limited IPO Minimum Investment ₹13992
Diffusion Engineers Ltd IPO Lot Size: 88 Shares
Diffusion Engineers Limited IPO Price Band: 159 to 168 per share
Diffusion Engineers Limited IPO Retail Investors can apply for lots worth ₹2,00,000.
Diffusion Engineers Limited IPO Timeline
Diffusion Engineers Ltd IPO opens on: Thursday, Sept 26, 2024
Diffusion Engineers Ltd IPO closes on: Monday, Sept 30, 2024
Diffusion Engineers Ltd IPO Credit of Shares: Thursday, Oct 03, 2024
Diffusion Engineers Limited IPO Listing Date: Friday, Oct 04, 2024
Diffusion Engineers Ltd Subscription Status
The IPO was subscribed 76.02 times as of 02:27 p.m. on Monday.
- Qualified institutional buyers: 21.05 times.
- Non-institutional investors: 163.16 times.
- Retail investors: 70.14 times.
- Portion reserved for employees: 72.38 times.
Diffusion Engineers Ltd IPO GMP, Grey Market Premium Today
According to media reports, GMP of Diffusion Engineers was Rs 58 as of 10:26 a.m., implying a 34.52% gain over the IPO price. The estimated listing price based on the grey market premium is Rs 226 per share.