If you’re considering investing in the mainboard IPO, there’s some important news for you.
Diffusion Engineers is launching its IPO this week, opening for investment on September 26 and closing on September 30.
The price range for the IPO has been set between ₹159 to ₹168 per share, with a minimum market lot of 88 shares. Diffusion Engineers aims to raise ₹158 crore through this IPO.
Grey Market Premium (GMP)
According to Investorgain.com, the grey market premium (GMP) for Diffusion Engineers’ IPO is around ₹50.
This suggests that the shares might be listed at ₹218 per share, offering a potential profit of 30% to investors on the first day of listing.
The company’s shares are expected to be listed on the stock exchange on October 4.
About the Company
Diffusion Engineers is involved in the production of welding consumables, wear plates, wear parts, and heavy engineering machinery for various industries.
With over four decades of experience, the company is located in Nagpur, Maharashtra, and provides specialized repair and maintenance services for heavy machinery.
Additionally, Diffusion Engineers trades in anti-wear powders and welding and cutting machinery.
In terms of market size, the welding consumables market in India was valued at approximately INR 46 billion in FY23 and is projected to grow to INR 58-60 billion by FY26.
The wear plates market in India was estimated at INR 20 billion in FY23 and is expected to reach INR 26 billion by FY26, growing at a CAGR of 8.5-9.5%.
