Balaji S IPO Review

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IPO Reviews by Balaji S

IPO	Review
Diffusion Engineers Limited IPO	Avoid Not enough Anchor Book interest. Though valuations compared to peers like Ador Welding and AIA Engineering is low, the company operates in a low-margin business within a highly fragmented market dominated by unorganized players. Falling GMP indicates that it may list with just 10-15% gains. \| September 30, 2024 4:39:23 PM

Review

Avoid

Not enough Anchor Book interest.
Though valuations compared to peers like Ador Welding and AIA Engineering is low, the company operates in a low-margin business within a highly fragmented market dominated by unorganized players. Falling GMP indicates that it may list with just 10-15% gains.

September 30, 2024 4:39:23 PM

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