Diffusion Engineers IPO Day 2: The IPO raising Rs 158 crore was opened to investors on September 27. The issue has attracted Rs 2,400 crore as of September 27. The retail buyers bid Rs 1,580 crore for almost 35% of the issue. The retail segment was booked 22 times more than the offered shares on the second day of the issue.
Diffusion Engineers IPO Details
Investors can place their bids till September 30. The share allotment will be finalised on October 01, after which the credit of shares in D’Mat and refund initiation will happen on October 03. The issue has a stake sale of 9.4 million fresh shares to raise funds. The listing on NSE and BSE will likely be on October 04.
Diffusion Engineers IPO Price Band
The company’s IPO price band ranged between Rs 159 to Rs 168 per equity share. A retail buyer can apply for as minimum as one lot of 88 shares, amounting to Rs 14,784. The issue kept aside 50,00 shares for employees to bid at a discount of Rs 8 to the issue price.
Diffusion Engineers IPO BRLM and Registrar
Unistone Capital handled the book solely with Bigshare Services working as the registrar for the issue.