Diffusion Engineers IPO Subscribed 114.50x

New Delhi: The initial public offer (IPO) of Diffusion Engineers Ltd got subscribed 114.50 times on the last day of bidding on Monday. The initial share sale received bids for 75,55,15,992 shares against 65,98,500 shares on offer, as per NSE data. The portion for non-institutional investors garnered a whopping 207.60 times subscription, while Qualified Institutional Buyers (QIBs) subscribed 95.74 times the offer. The category for Retail Individual Investors (RIIs) fetched 85.61 times subscription. The price range for the offer is Rs159-168 per share. Diffusion Engineers, engaged in the business of manufacturing welding consumables, wear plates & wear parts and heavy engineering machinery for core industries, has garnered Rs47.14 crore from anchor investors. Unistone Capital Pvt Ltd is the manager to the offer. The equity shares are proposed to be listed on the NSE and BSE.

Sebi mulls standardise format on MF schemes

To further enhance the pictorial representation of risk, Sebi on Thursday proposed that the risk-o-meter of a mutual fund (MF) scheme be depicted using a colour scheme, a move aimed at further aiding in informed decision making by investors.

To standardise the format of disclosure and for ease of understanding of the change in level of risk for unitholders, the mutual funds should disclose the existing risk-o-meter, along with the revised risk-o-meter, Sebi suggested in its consultation paper. Any change in risk-o-meter of the scheme or its benchmark should be communicated by way of notice and by way of an e-mail or SMS to unitholders of that particular scheme. In addition to the existing labels relating to levels of risk -- low, low to moderate, moderate, moderately high, high and very high, the risk-o-meter should also be depicted using a colour scheme. Risk-o-meter needs to have six levels of risk for mutual funds -- green for low risk Irish; chartreuse for low to moderate risk; neon yellow for moderate risk; caramel in case of moderately high risk; dark orange for high risk; and red in cases of very high risk.

Considering that the expenses, expense ratio, returns and yields for direct plans and regular plans are different, it has been proposed that such disclosures pertaining to both direct plan as well as regular plan should be disclosed in a standard format.