Diffusion Engineers IPO received 114.5 times subscription in the price range of Rs 159-168 per share; Know share allotment status
Diffusion Engineers IPO Allotment Date: After the end of three days of bidding for the initial public offering (IPO) of Diffusion Engineers Limited, applicants are eagerly waiting for the Diffusion Engineers IPO allotment date, which is most likely on Tuesday, October 1, 2024, i.e. today.
In the wake of the ‘T+3’ listing rule, the public issues must be listed on the Indian exchanges within three working days post-closure of the bidding date. Bidding for the Diffusion Engineers IPO ended on Monday, and the Diffusion Engineers IPO listing date is most likely on Friday, as Wednesday will be a stock market holiday for Mahatma Gandhi Jayanti.
The 158-crore IPO received 114.5 times subscription in the price range of Rs 159-168 per share. The strong investor interest came despite a sharp correction in the secondary market on September 30.
Non-institutional investors subscribed 207.60 times their reserved portion of Diffusion Engineers IPO, while qualified institutional buyers and retail investors subscribed 95.74 times and 85.61 times, respectively.
Diffusion Engineers IPO GMP Today
According to stock market observers, shares of Diffusion Engineers Limited are available at a premium of Rs 59 in the grey market today. This means Diffusion Engineers IPO GMP (Grey Market Premium) today is Rs 59. Market observers said that the grey market reflects a premium of around 35 per cent against the upper price band of Diffusion Engineers IPO, which is praiseworthy as the secondary market fell heavily on Monday.
Investors who participated in the IPO can check their allotment status on the official website of the registrar, Bigshare Services.
Read More: Stock Market Updates: Sensex Rises Over 300 Points, Nifty Above 25,900; TechM Gains 3%
Diffusion Engineers IPO allotment status: Direct link to check on Bigshare Services
Step 1: Open the direct link to the registrar. (Click on this URL – https://ipo1.bigshareonline.com/IPO_Status.html).
Step 2: Select Diffusion Engineers from the dropdown menu.
Step 3: Enter PAN, Application number, or DP client ID.
Step 4: Click Submit.
Step 5: The allotment status will be displayed on the screen.
Read More: Sebi Levies Rs 10 Lakh Fine On Anand Rathi For Violating Stock Brokers Rules
Diffusion Engineers IPO allotment status check on BSE
Step 1: Visit the BSE website.
Step 2: Click on ‘Investors’ under the main menu.
Step 3: Navigate to ‘Investor Services’ and select ‘Status of Issue Application’.
Step 4: Choose ‘Equity’ as the issue type.
Step 5: Fill in the details, including PAN and issue name, to view the status.
Shares of Diffusion Engineers are expected to be credited to the demat accounts of eligible investors by October 3, with trading set to begin on the BSE and NSE on October 4.
