Diffusion Engineers refiles IPO papers with SEBI
Diffusion Engineers IPO | According to market sources, the IPO size could be anywhere between Rs 125 crore and Rs 150 crore.
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Diffusion Engineers IPO | According to market sources, the IPO size could be anywhere between Rs 125 crore and Rs 150 crore.
The IPO consists of fresh issue of 9.85 million equity shares, each with a face value of ₹10.
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 IPO is purely a fresh issue of up to 98,47,000 equity shares with a face value of Rs 10 each, according to the draft red herring prospectus filed on December 27. Going by the draft papers, proceeds from the issue will be used by the company towards expansion of its existing manufacturing facility and setting up a new manufacturing facility in Maharashtra.