Stay updated with breaking news from Bigshare Services. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.
The share allotment for the IPO will be finalised by January 3 and the tentative listing date is set as January 5. According to market analysts, the company's shares are commanding a premium of Rs 65 in the unlisted market.
Despite general election uncertainty, the primary market remains active with upcoming IPOs like Kronox Lab Sciences and Sattrix Information Security. Analysts foresee a wave of IPOs post-elections, driven by increased domestic capital, improved governance, and supportive government policies.
RBZ Jewellers sold its IPO in the price band of Rs 95-100 per share with a lot size of 150 shares, which was open for bidding between December 19 to December 21.
RBZ Jewellers made a muted debut on Dalal Street as its shares listed failed to improve on the issue price of Rs 100.