₹ 14784
₹159- ₹168
88
₹193
15
30 Sep 2024
Download3 Oct 2024
4 Oct 2024
Application Details
The Diffusion Engineers IPO is scheduled to open on September 26, 2024, and will close on September 30, 2024, with the listing date set for Friday, October 4, 2024. The face value of the shares is ₹10, and the price band has been set between ₹159 to ₹168 per share. Investors can apply for the IPO in lots, with each lot comprising 88 shares. The total issue size is 9,405,000 shares, aggregating up to ₹158.00 crore, all of which are fresh issues. An employee discount of ₹8 per share is also being offered.
The IPO timetable indicates that the basis of allotment will be finalized on Tuesday, October 1, 2024. Refunds will be initiated on Thursday, October 3, 2024, the same day that shares will be credited to investors' Demat accounts. The IPO will be listed on Friday, October 4, 2024.
For retail investors, the minimum application is one lot (88 shares) at a cost of ₹14,784. The maximum investment for retail investors is 13 lots, or 1,144 shares, which amounts to ₹1,92,192.
About Diffusion Engineers Limited
Company Overview
Founded on November 5, 1982, Diffusion Engineers Limited (DEL) manufactures welding consumables, wear plates, wear parts, and heavy engineering machinery. The company caters to core industries such as cement, steel, power, mining, engineering, oil & gas, and sugar. With over four decades of experience, Diffusion Engineers has established itself as a leader in providing specialized repair and reconditioning services for heavy machinery and equipment.
Product and Service Offerings
Diffusion Engineers manufactures a wide range of products essential for heavy industries. These include welding consumables like special-purpose electrodes and flux-cored wires, which are crucial for the production of wear plates used in industrial machinery. The company also produces coatings that enhance abrasion and corrosion resistance. In addition to manufacturing, DEL is involved in trading anti-wear powders, welding, and cutting machinery. The company’s specialized services help extend the service life of machinery and reduce production costs.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.