Last updated on October 3, 2024
Diffusion Engineers IPO subscription started on 26 September 2024 and will close on 30 September 2024. Diffusion Engineers plans to raise around INR 158 crores via the IPO. The price band is fixed at INR 159 – 168 per share. Diffusion Engineers IPO market lot has 88 shares and the minimum application amount is INR 14,784. The retail quota is 35%, QIB is 50% and NII is 15%.
Check Diffusion Engineers IPO subscription status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Diffusion Engineers IPO subscription status segregated by days and investor categories.
Diffusion Engineers IPO Subscription Status – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 18,71,000 | 14,03,250 | 32,74,250 | 50,000 | 65,98,500 |
| 30 Sep 2024 | 95.74 | 207.56 | 85.32 | 94.88 | 114.34 |
| 27 Sep 2024 | 0.28 | 47.08 | 33.91 | 36.64 | 27.19 |
| 26 Sep 2024 | 0.03 | 6.80 | 11.24 | 16.67 | 7.16 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
Diffusion Engineers – Business Background
Established in 1982, Diffusion Engineers is a prominent manufacturer based in Nagpur, India, specializing in welding consumables, wear plates, and heavy engineering machinery. The company serves critical sectors such as cement, steel, power, mining, and oil & gas, focusing on providing high-quality repair and reconditioning services for heavy machinery.
With over four decades of experience, Diffusion Engineers has developed a robust product portfolio that includes special-purpose electrodes and flux-cored wires essential for producing wear-resistant plates. These products enhance the durability and efficiency of industrial equipment. The company employs a forward integration strategy, allowing it to manufacture its own consumables, which streamlines production and reduces costs.
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Investor Categories in Diffusion Engineers IPO Subscription
Diffusion Engineers IPO subscription data includes the three most important categories of IPO investors defined by SEBI.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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Diffusion Engineers IPO Subscription Status FAQs
When will the subscription for Diffusion Engineers IPO start?
Diffusion Engineers IPO is open for subscription from 26 September to 30 September 2024.
How to subscribe to Diffusion Engineers IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Diffusion Engineers IPO be listed?
Diffusion Engineers IPO will be listed on 4 October 2024, at the BSE and NSE stock exchanges.
