As of Friday, September 27, 2:25 PM, the total subscription for the Diffusion Engineers IPO stood at 19.47 times. The IPO had allocated 32.74 lakh shares for the retail category, which received bids for 8.50 crore shares—translating to 25.99 times subscription for the retail portion.

In the non-institutional investors (NII) category, applications were received for 4.17 crore shares out of the 14.03 lakh shares reserved. This means the NII quota was oversubscribed by 29.72 times.

However, interest from Qualified Institutional Buyers (QIBs) was relatively low. Bids were placed for only 1.92 lakh shares out of the 18.71 lakh shares allocated to this segment.

**Day 1 Subscription Overview**

On the first day of subscription, Thursday, the overall IPO subscription was 7.16 times. The retail category was subscribed 11.24 times, the NII segment 6.80 times, while the QIB portion received a minimal 0.03 times subscription.

**Price Band**

The price range for the public offering has been fixed between Rs 159 and Rs 168 per share.

**Minimum Bid and Lot Size**

Retail investors must apply for a minimum of 88 shares, amounting to an investment of at least Rs 14,784.

For institutional investors:
– Big institutional investors (bNII) need to apply for a minimum of 68 lots (5,984 shares), which corresponds to approximately Rs 10,05,312.
– Small and medium-sized institutional investors (sNII) must apply for at least 14 lots (1,232 shares), equaling about Rs 2,06,976.

Additionally, the company has set aside up to 50,000 shares for its employees. These shares will be offered at a discounted price, Rs 8 lower than the issue price.

**Company Financials**

For the fiscal year ending March 31, 2024, Diffusion Engineers Limited reported revenue of Rs 278 crore, up from Rs 254 crore in FY23. The company’s net profit also rose to Rs 30.8 crore in FY24, compared to Rs 22.15 crore the previous year.

Between FY22 and FY24, Diffusion Engineers achieved a compound annual growth rate (CAGR) of 10.8% in operating revenue and 21.9% in net profit.

Looking ahead, the welding consumables market in India is expected to grow at a CAGR of nearly 9% between FY24 and FY27, indicating strong potential for the company’s future expansion.
https://www.freepressjournal.in/business/diffusion-engineers-ipo-day-2-welding-goods-manufacturers-issue-subscribed-1947-times-retail-portion-booked-2599x