The initial public offering of Diffusion Engineers continued to get strong support from investors, subscribing 27.19 times on the second day of bidding, September 27. Investors applied for 17.94 crore equity shares as against the IPO size of 65.98 lakh shares.

In the grey market, shares of KRN Heat Exchanger were trading at ₹274, representing a 125% premium. Ahead of the issue opening, the company raised ₹100 crore from anchor investors.

The initial public offering (IPO) of Diffusion Engineers, a manufacturer of welding consumables, has opened with considerable enthusiasm from investors. The IPO, which commenced on September 26, 2024,

Around 1 pm, the issue was subscribed 21.6 times by the retail category investors while the NIIs had subscribed the issue by 21 times. Meanwhile, the portion reserved for the qualified institutional buyers (QIBs) had attracted bids for 76,

Unlisted shares of Diffusion Engineers Ltd are trading Rs 90 higher in the grey market, signalling a 53.57 per cent listing gain from the public issue.

Diffusion Engineers IPO, valued at ₹158 crore, opened for subscription from September 26 to September 30, attracting significant interest with over seven times subscriptions on the first day. The company aims to expand its manufacturing facilities and enhance its welding consumables portfolio.