Diffusion Engineers IPO Oversubscribed 114.50 Times
By Rediff Money Desk, New Delhi Sep 30, 2024 18:37
Diffusion Engineers IPO received bids 114.50 times the offer, with strong response from all investor categories. The IPO is expected to be listed on NSE and BSE.
New Delhi, Sep 30 (PTI) The initial public offer of Diffusion Engineers Ltd got subscribed 114.50 times on the last day of bidding on Monday.
The initial share sale received bids for 75,55,15,992 shares against 65,98,500 shares on offer, as per NSE data.
The portion for non-institutional investors garnered a whopping 207.60 times subscription while Qualified Institutional Buyers (QIBs) subscribed 95.74 times the offer. The category for Retail Individual Investors (RIIs) fetched 85.61 times subscription.
The price range for the offer is Rs 159-168 per share.
Diffusion Engineers, engaged in the business of manufacturing welding consumables, wear plates & wear parts and heavy engineering machinery for core industries, has garnered Rs 47.14 crore from anchor investors.
Unistone Capital Private Limited is the manager to the offer.
The equity shares are proposed to be listed on the NSE and BSE.
The initial share sale received bids for 75,55,15,992 shares against 65,98,500 shares on offer, as per NSE data.
The portion for non-institutional investors garnered a whopping 207.60 times subscription while Qualified Institutional Buyers (QIBs) subscribed 95.74 times the offer. The category for Retail Individual Investors (RIIs) fetched 85.61 times subscription.
The price range for the offer is Rs 159-168 per share.
Diffusion Engineers, engaged in the business of manufacturing welding consumables, wear plates & wear parts and heavy engineering machinery for core industries, has garnered Rs 47.14 crore from anchor investors.
Unistone Capital Private Limited is the manager to the offer.
The equity shares are proposed to be listed on the NSE and BSE.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 8.14 (+ 3.17)
- 51615920
- Srestha Finvest
- 0.69 (+ 2.99)
- 47696604
- GTL Infrastructure
- 2.21 (+ 4.25)
- 30873036
- Standard Capital
- 1.09 ( -0.91)
- 18376671
- AvanceTechnologies
- 0.90 (+ 4.65)
- 16478907
MORE NEWS
Swiggy Raises Rs 5,085 Crore Ahead of IPO
Food delivery giant Swiggy has secured Rs 5,085 crore from anchor investors ahead of...
States urged to boost revenue for fiscal...
Finance Commission Chairman Arvind Panagariya encourages states to increase revenue...
Aptus Value Housing Finance Q2 Profit Up 22% to...
Aptus Value Housing Finance India Ltd reported a 22% rise in net profit to Rs 182 crore...