Diffusion Engineers, a well-known name in the engineering and manufacturing industry, is set to make its stock market debut today. The company’s Initial Public Offering (IPO), which saw strong demand from investors, has been highly anticipated. Diffusion Engineers IPO was open for subscription from September 26 to September 30, 2024, and the allotment was finalized on October 1. The shares will be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today, October 4.
The IPO of Diffusion Engineers received a great deal of attention, with strong interest from both retail and institutional investors. Market experts have been closely watching the grey market, where shares of the company have been trading at a premium. As of today, the grey market premium (GMP) is ₹58 per share, indicating that the stock is expected to list at a higher price than the IPO issue price.
Based on the current GMP, analysts estimate that the listing price of Diffusion Engineers shares will be around ₹226 per share. This would mean a gain of approximately 34.5% over the issue price of ₹168 per share. predict that the actual listing price may be slightly lower, in the range of ₹200 to ₹210 per share. This would still represent a strong 25% premium on the IPO issue price.
IPO Subscription Details
The Diffusion Engineers IPO was very well received by investors, with a total subscription of 114.49 times. In detail:
- The retail category was subscribed 85.61 times.
- Qualified Institutional Buyers (QIBs) subscribed 95.74 times.
- Non-Institutional Investors (NIIs) subscribed an impressive 207.60 times.
This high level of subscription reflects the strong demand for the company’s shares.
According to a notice from the BSE, Diffusion Engineers shares will be listed under the ‘T’ group of securities, meaning they will be traded in the Trade-for-Trade (TFT) segment for 10 trading days. This means that investors will only be able to buy and sell shares in full without intraday trading. The stock will be part of the Special Pre-open Session (SPOS).
Diffusion Engineers is known for its expertise in engineering solutions and manufacturing of various products. With a strong financial track record and a wide range of products, the company has been attracting interest from investors. Market experts believe that the IPO will help the company grow further by giving it access to additional capital and increasing its visibility in the market.
Before investing in any IPO, including Diffusion Engineers, it is crucial for investors to conduct thorough research. This includes understanding the company’s business model, financial performance, and market position. Investors should also consider market trends and economic conditions that may impact the stock’s performance. Taking the time to research can help investors make informed decisions and minimize risks.
Diffusion Engineers’ IPO listing is one of the most awaited events in the stock market today. With a strong grey market premium, positive investor sentiment, and heavy oversubscription, the company’s shares are expected to make a successful debut. While market conditions may influence the final listing price, investors are optimistic about the long-term growth potential of Diffusion Engineers.
