Diffusion Engineers, a provider of repair and reconditioning services for heavy machinery, raised ₹47.15 crore from four anchor investors on September 25, ahead of its IPO launch on September 26. HDFC Mutual Fund led the investment with a purchase of 10.8 lakh shares worth ₹18.14 crore, followed by 3P India Equity Fund I, acquiring 8.92 lakh shares for ₹15 crore.
Saint Capital Fund and Craft Emerging Market Fund PCC also participated, investing ₹9 crore and ₹5 crore, respectively. The Maharashtra-based company allocated 28,06,500 shares to anchor investors at ₹168 per share.
The IPO, aimed at raising ₹158 crore through an entirely fresh issue, is priced between ₹159-168 per share and will close on September 30. Proceeds will be used for expanding its manufacturing facilities in Nagpur and for working capital and general corporate purposes.
