Yo fam, looks like the Diffusion Engineers IPO is popping off! 💥 Day 3 and this thing is already 72x oversubscribed. And get this – NIIs are going crazy, oversubscribing by 160x! 🚀
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What You Need to Know:
- Price Band: ₹159-168 🤑
- IPO Size: ₹158 Cr (Offering 94,05,000 shares)
- Subscription Madness:
- NII FOMO: 160x
- Retail fam: 69.56x
- QIBs: 21x
- Employee love: 71.9x 💼
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GMP (Grey Market Tea 🍵):
So, the GMP has taken a slight dip due to the market being all shaky, but still holding strong at ₹48-50. That means we’re looking at a 30% listing gain. Talk about getting the bag! 💼💰
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Diffusion Engineers – What’s the Vibe?
Started back in 1982, this Nagpur-based OG is all about welding consumables and fixing up heavy machinery. 📦 They’ve had mad growth with revenue increasing by 16.6% CAGR from FY22 to FY24 and their profit (PAT) soaring from ₹17.05 Cr in FY22 to ₹30.8 Cr in FY24! 🔥
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Brokerage Breakdown:
The analysts are vibing with this one! 😎 Here’s why they’re saying “SUBSCRIBE!“:
- Strong growth game
- Expansion plans on fleek
- Fair pricing (P/E ratio at 11.7x, based on FY24 earnings)
However, there’s a bit of a red flag 🚩 with their dependence on Indian clients and some possible delays in setting up new facilities. But still, it’s a solid W for long-term gains!
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💡 Mark Your Calendar: This 🔥 IPO closes today, and the shares are expected to drop on October 4, 2024. Stay ready for that listing gain glow-up! ✨