Diffusion Engineers Lists at 15.2% Premium on NSE, 12% Gain on BSE , Click Here To Know More !Diffusion Engineers Lists at 15.2% Premium on NSE, 12% Gain on BSE , Click Here To Know More !

Diffusion Engineers debuted on the stock market on Friday, October 4, with a strong listing. On NSE, shares opened at ₹193.50, reflecting a 15.2% premium over the IPO price of ₹168. On BSE, they listed at ₹188, 12% above the issue price.

Diffusion Engineers IPO experienced significant demand on Day 3, with Qualified Institutional Buyers subscribing 95.74 times, Non-Institutional Investors at 207.60 times, Retail Individual Investors at 85.61 times, and Employees at 95.03 times, resulting in a total subscription of 114.49 times.

Diffusion Engineers is engaged in the business of manufacturing welding consumables, wear plates and wear parts, and heavy engineering machinery for core industries. With over four decades of experience, the company is dedicated to providing specialised repairs and reconditioning services for heavy machinery and equipment.

Diffusion Engineers Ltd aims to allocate ₹7.13 crores for expanding its existing Khapri manufacturing facility, ₹3.04 crores for setting up a new facility in Nagpur, ₹2.20 crores for working capital, and the remaining funds for general corporate purposes.