The Diffusion Engineers Ltd IPO launched for subscription from September 26 to September 30, 2024, with an issue price range of ₹159 to ₹168 per share. The IPO garnered remarkable interest, oversubscribing by 114.49 times, with 9,405,000 shares on offer and a minimum investment requirement of ₹14,784 for retail investors. After its listing on October 4, 2024, the Diffusion Engineers Ltd share price debuted at ₹193 on the NSE and ₹188 on the BSE, reflecting a 15% premium over the upper issue price. However, this debut fell short of the expected Diffusion Engineers Ltd IPO GMP of around 35.52%. The company plans to utilize the IPO proceeds for capital expenditures and to expand its manufacturing capabilities.
Overview of Diffusion Engineers Ltd
Diffusion Engineers Ltd is a prominent player in the manufacturing sector, specializing in welding consumables, wear plates, and heavy engineering machinery aimed at core industries. Established in 1982, the company has built a strong reputation in the capital goods sector, making it a significant entity to watch.
IPO Details of Diffusion Engineers Ltd IPO
Here’s a breakdown of key details regarding the Diffusion Engineers Ltd IPO:
| Detail | Information |
|---|---|
| Open Date | September 26, 2024 |
| Close Date | September 30, 2024 |
| Issue Price | ₹159 – ₹168 |
| Lot Size | 88 shares |
| Minimum Investment | ₹14,784 |
| Total Shares Offered | 9,405,000 |
| Issue Size | ₹158 crore |
Subscription Status of Diffusion Engineers Ltd IPO
The IPO witnessed overwhelming demand, with significant interest from various investor categories:
- Qualified Institutional Buyers (QIBs): Subscribed 95.74 times
- Non-Institutional Investors (NIIs): Subscribed 207.60 times
- Retail Individual Investors (RIIs): Subscribed 85.61 times
Share Price Performance of Diffusion Engineers Ltd
As of October 8, 2024, here’s the latest performance of Diffusion Engineers Ltd shares:
| Metric | Value |
|---|---|
| Current Share Price (BSE) | ₹223.98 |
| 52 Week High | ₹223.98 |
| 52 Week Low | ₹193.05 |
The Diffusion Engineers Ltd share price opened at a premium on listing day but stabilized around ₹223.98, demonstrating a strong post-listing performance.
Future Outlook for Diffusion Engineers Ltd Share Price
Analysts are optimistic about the future of Diffusion Engineers Ltd, given its strategy focused on forward integration and expanding product offerings. Investors are encouraged to closely monitor the company’s performance, as it appears well-positioned for growth. Here are some factors influencing the Diffusion Engineers Ltd share price future:
Key Factors Influencing Future Share Price of Diffusion Engineers Ltd
- Increased Manufacturing Capabilities: Utilization of IPO proceeds for expansion.
- Market Demand: Growing demand for core industry products.
- Strategic Initiatives: Ongoing efforts to enhance product offerings.
Conclusion: Insights on Diffusion Engineers Ltd IPO
The Diffusion Engineers Ltd IPO has not only generated significant interest but also provided investors with an exciting opportunity to engage with a growing company in the capital goods sector. With its impressive subscription rates and positive market debut, it represents a noteworthy addition to the stock market landscape.
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FAQs About Diffusion Engineers Ltd IPO and Share Price
1. What is the issue price of Diffusion Engineers Ltd IPO?
The issue price of Diffusion Engineers Ltd IPO ranges from ₹159 to ₹168.
2. When did the Diffusion Engineers Ltd IPO open?
The Diffusion Engineers Ltd IPO opened for subscription on September 26, 2024.
3. What was the subscription status of Diffusion Engineers Ltd IPO?
The Diffusion Engineers Ltd IPO was oversubscribed by 114.49 times.
4. What is the current share price of Diffusion Engineers Ltd?
As of October 8, 2024, the Diffusion Engineers Ltd share price is ₹223.98 on the BSE.
5. What is the expected future for Diffusion Engineers Ltd share price?
Analysts predict a positive outlook for the Diffusion Engineers Ltd share price future due to strategic growth initiatives.