The IPO is exclusively comprised of a fresh issue of up to 98,47,000 equity shares, each having a face value of Rs 10, , Diffusion Engineers, Initial Public Offering (IPO)
Diffusion Engineers issue is being made through the book-building process, wherein 50% of the offer will be available for allocation on a proportionate basis to qualified institutional buyers (QIB), 15% to non-institutional investors and 35% to retail investors.
Vraj Iron and Steel IPO: The public issue consists of only a fresh issuance of shares worth Rs 171 crore and there will be no offer-for-sale (OFS) component.
The company had filed its draft red herring prospectus (DRHP) with the market regulator in September 2023. The IPO is completely a fresh issue worth Rs 1,000 crore. The price band for the public offer will be announced soon. The share allotment for the IPO will be finalised on January 12 and the listing date is fixed as January 16.