As of Friday, September 27, 02:25 PM, the total subscription for the Diffusion Engineers IPO was 19.47 times.
32.74 lakh shares were set aside for the retail category; bids for 8.50 crore shares, translating to 25.99 times the retail portion of the IPO, were received.
Applications were received for 4.17 crore shares out of the 14.03 lakh shares reserved for non-institutional investors (NIIs). The NII quota was booked 29.72 times.
Qualified institutional buyers (QIBs) have little interest in the IPO by placing bids for 1.92 lakh shares out of 18.71 lakh shares that were reserved for them.
Day 1 subscription
The issue saw an overall subscription of 7.16 times on Thursday, the first day of subscription; the retail portion was subscribed 11.24 times, and the NII 6.80 times. Additionally, the QIB segment received 0.03 subscriptions on day 1.
Price Band
The public offering's price range is fixed at Rs 159 to Rs 168 per share.
Minimum bid and lot size
A minimum application size of 88 shares or a minimum investment of Rs 14,784 is necessary for retail investors.
The minimum bid size for big institutional investors (bNII) is 68 lots (5,984 shares), or Rs 10,05,312; the minimum investment for small and medium-sized institutional investors (sNII) is 14 lots (1,232 shares), or Rs 2,06,976.
The company has set aside up to 50,000 shares for its employees, with a discount price of 8 rupees per share than the issue price.
Company financials
For the fiscal year that concluded on March 31, 2024, Diffusion Engineers Limited reported revenue of Rs 278 crore, as opposed to Rs 254 crore on the same date in 2023. Furthermore, the company reported a net profit for FY24 of Rs 30.8 crore compared to FY23's Rs 22.15 crore.
Operating revenue at Diffusion Engineers grew by 10.8 per cent CAGR between FY22 and FY24, while net profit grew by 21.9 per cent CAGR in the same time frame. Additionally, between FY24 and FY27, the welding consumables market in India is expected to grow at a CAGR of almost 9 per cent.
