Diffusion Engineers Ltd. has announced public offering of 9405000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 158.00 per share. The gross proceeds of the issue are expected to be Rs 15,800.40 lakhs.

The company's initial public offer (IPO) will open on 26 September 2024 and is expected to close on 30 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 159.00-168.00 per share.

The IPO includes a fresh Issue of 9405000 Equity Shares of the Company at an price of Rs 168.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 88 shares with bids in multiples of 88.

Diffusion Engineers Ltd. anticipates using the proceeds of the issue for .

Unistone Capital Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.