Diffusion Engineers IPO will open on September 26: Investors can bid till September 30, minimum investment ₹ 14,784

The Initial Public Offering (IPO) of Diffusion Engineers Limited will open on September 26. Investors will be able to bid for this IPO till September 30. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 4.

Diffusion Engineers Limited wants to raise a total of ₹158 crore through this issue. For this, the company is issuing 9,405,000 fresh shares worth a total of ₹158 crore. The existing investors of the company are not selling a single share through Offer for Sale i.e. OFS.

If you are also planning to invest money in this, then we are telling you how much you can invest in this.

What is the minimum and maximum amount that can be invested?

Diffusion Engineers Limited has fixed the price band of the IPO at ₹159 to ₹168. Retail investors can bid for a minimum of one lot i.e. 88 shares. If you apply for 1 lot as per the upper price band of the IPO of ₹168, then you will have to invest ₹14,784 for it.

At the same time, retail investors can apply for a maximum of 13 lots i.e. 1144 shares. For this, investors will have to invest ₹ 192,192 according to the upper price band.

35% of the issue is reserved for retail investors

The company has reserved 50% of the issue for qualified institutional buyers (QIB). Apart from this, 35% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII).  

What is IPO?

When a company issues its shares to the general public for the first time, it is called Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.