New Delhi: Diffusion Engineers IPO Subscription Status was comparatively decent by the last day of the Rs 158 crore three day stake process that had kick-off on Thursday, September 26, 2024. Albeit, Diffusion Engineers IPO GMP today fell marginally in the grey market. The company’s shares’ premium in the grey market has slid a bit since Thursday.
Diffusion Engineers IPO Subscription Status
Diffusion Engineers IPO Subscription Status stood at nearly 48x the total size by 11:50 am on Monday, September 30, 2024, according to Chittorgarh. Non-Institutional Investors’ (NIIs) have shown more interest than retail traders. On one hand, the NIIs’ category was oversubscribed 100 times, while, the retail quota stood oversubscribed 52x.
Diffusion Engineers IPO GMP Today
Diffusion Engineers IPO GMP today fell slightly to Rs 58, according to InvestorGain. Considering the upper limit of the Diffusion Engineers IPO’s price band of Rs 159-168 per share, and the latest grey market premium, the Diffusion Engineers IPO listing price of Rs 226 can be estimated. This also signals Diffusion Engineers IPO listing gains of 34%. Albeit, grey market premium cannot be considered as official figure!
Diffusion Engineers IPO Allotment Date, Listing Date
Diffusion Engineers IPO Allotment Date is tentatively Tuesday, October 01, 2024. While, Diffusion Engineers IPO listing date is tentatively Friday, October 4, 2024 on NSE and BSE.
Diffusion Engineers IPO Key Details
The minimum investment amount required for retail investors is Rs 14,784. The minimum lot size is 88 shares. Small investors could subscribe 35% of the company’s total issue size. While, QIBs could subscribe 50% of the issue. NIIs on the other hand could subscribe 15% of its total size.
About Diffusion Engineers Ltd
Diffusion Engineers Ltd are engaged in the business of providing engineering solutions to various industries like Cement, Steel, Power, Mining, Engineering, Oil & Gas, Sugar etc. Some of its big corporate clients subsume Tata Steel, ACC Ltd, Ultra Tech Cement, Aditya Birla Group, Balrampur Chini, Shree Renuka Sugars, etc.
(Disclaimer: This article is only meant to provide information. News24 does not recommend buying or selling shares or subscription of an IPO or Mutual Funds)
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