Diffusion Engineers IPO
Diffusion Engineers Limited (DIFFNKG) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 04 October 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +60.9% (likely range +40% to +122%), day's high +77.5%, chance of a gain 97%. Actual: +15.2% at the open, +20.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 18,71,000 | 17,91,21,712 | 95.7x | |
| NII (HNI) total | 14,03,250 | 29,13,14,672 | 208x | |
| Big NII (above ₹10 lakh) | 9,35,500 | 19,02,22,560 | 203x | |
| Small NII (₹2-10 lakh) | 4,67,750 | 10,10,92,112 | 216x | |
| Retail | 32,74,250 | 28,02,95,488 | 85.6x | |
| Employees | 50,000 | 47,51,736 | 95.0x | |
| Total | 65,98,500 | 75,54,83,608 | 114x |
Bids on NSE and BSE together, as published by NSE, as of 30 Sep 2024, 07:00 PM. Shares offered exclude the anchor portion. 32% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Diffusion Engineers's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Nova AgritechJan 2024 | 79.3x | 224x | 77.1x | 109x | ₹148 Cr | +34.1% | +40.9% |
| Sigachi IndustriesNov 2021 | 86.5x | 172x | 80.5x | 102x | ₹125 Cr | +249.7% | +267.2% |
| Kronox Lab SciencesLimitedJun 2024 | 89.0x | 303x | 55.7x | 118x | ₹130 Cr | +21.3% | +21.8% |
| Vraj Iron and SteelJun 2024 | 164x | 209x | 54.9x | 119x | ₹182 Cr | +15.9% | +21.7% |
| Motisons JewellersDec 2023 | 157x | 234x | 122x | 160x | ₹154 Cr | +98.2% | +99.6% |
| Ratnaveer Precision EngineeringSep 2023 | 133x | 135x | 54.0x | 94.0x | ₹165 Cr | +25.7% | +32.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Unistone Capital | 13 | +47.7% | 100% |
Offer documents (NSE)
Frequently asked
What is the Diffusion Engineers IPO price band and lot size? ₹159–168 per share, with a lot of 88 shares, so the smallest retail bid is ₹14,784.
How many times has it been subscribed? 114x overall: QIB 95.7x, NII 208x, retail 85.6x, employees 95.0x.
How did it list? It opened at ₹194, +15.2% against the issue price of ₹168, and closed its first day +20.9%.
