The base issue comprises 2.1 crore equity shares, representing 3.99% of the company’s total equity. An oversubscription option of an additional 1.05 crore shares has also been included, taking the total offer size to 3.15 crore shares or 5.98% of the equity capital.
The OFS will open for non-retail investors on 5 June and for retail investors on 6 June. The floor price has been set at ₹95 per share.
The sale will be conducted via a separate window of the stock exchanges over two trading sessions. The move comes amid continued investor interest in the capital goods and power infrastructure segment.
Also Read: KEC International secures ₹2,211 cr orders across power, oil & gas, cable units
Shares of Diamond Power Infrastructure rose as much as 1.25% intraday to ₹108.43 on the NSE before closing 0.64% higher at ₹107.70, outperforming the Nifty 50, which ended 0.32% higher on Wednesday.
