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Diffusion Engineers Limited All Set To Launch IPO On 26th September
Diffusion Engineers, a well-established company founded in 1982, is preparing to launch its Initial Public Offering (IPO) on September 26, 2024. The company has carved out a market niche for itself by producing welding consumables, wear plates, and heavy gear. The IPO, priced at Rs 158 crores (Book Built Issue), would issue 0.94 crore fresh shares to the public, allowing investors to participate in the company's growth.
The subscription period for the IPO is scheduled to start on September 26 and wrap up on September 30. After this, the allotment procedure is expected to be concluded on October 1. The company will probably list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 4. Retail investors will need to invest a minimum of ₹14,784 to purchase 88 shares, which is the minimum lot size. For qualified institutional buyers (QIBs), the minimum investment is 14 lots (1,232 shares), amounting to ₹206,976. Non-institutional investors (NIIs) are required to invest a minimum of 68 lots (5,984 shares), totaling ₹1,005,312.
Mr. Prashant Garg, Dr. Nitin Garg, and Ms. Chitra Garg, the promoters of Diffusion Engineers, have been instrumental in the company's success. Founded in 1982, Diffusion Engineers Limited manufactures welding consumables, wear plates and parts, as well as heavy gear for the key industries.
The company specializes in heavy machinery and equipment maintenance and refurbishment.
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