Diffusion Engineers IPO Allotment Update On Oct 3: How To Check Status Online, And What GMP Hints For Listing?

Diffusion Engineers IPO: The engineering company is likely to credit shares to eligible shareholders on October 3. Also, for those investors who did not make the cut, their amount will be refunded on Thursday as well. The IPO has finalised its allotment of shares. The latest GMP signals nearly 34% premium listing for Diffusion Engineers.

Diffusion Engineers IPO Listing:

Diffusion Engineers IPO will be listed on stock exchanges BSE and NSE on Friday, October 4.

The company launched its Rs 158 crore IPO on September 26 and closed its bidding on September 30, 2024. The IPO fixed its price band of Rs 159 to Rs 168 per share. Overall, the IPO was oversubscribed by 114.50x on the final day.

According to brokerage, SMIFS, With the heavy engineering capital goods industry in India expected to grow at a CAGR of 7.5-8.5% over FY23-27, DEL's leasing and maintenance business model offers financial flexibility to customers, fostering long-term relationships. DEL's robust financial performance, marked by high CAGRs in operating income, profit after tax, and EBITDA, underscores its strong market position and growth potential.

Thereby, the brokerage believes that DEL is well-positioned to capitalize on industry growth, new product launches, geographic expansion, and production capacity enhancements.

SMIFS is expected to clock steady growth rates aided by capex and expanding international footprint coupled with reasonable valuations and backward integration and product diversification aiding margin improvements.

Diffusion Engineers IPO GMP Today:

As per Investor Grain, Diffusion Engineers IPO's last GMP is ₹57, last updated Oct 3rd 2024 06:03 AM. With a price band of 168.00, Diffusion Engineers IPO's estimated listing price is ₹225 (cap price + today's GMP). The expected percentage gain/loss per share is 33.93%.

Diffusion Engineers IPO Allotment:

To check the eligibility on Bigshare Services, click on the link below:

https://www.bigshareonline.com/ipo_Allotment.html

Step 1: Once you open the link, you will be directed to a page with three options - Server 1, Server 2, and Server 3.

Step 2: Click on any of the Server options, which will take you to another page that gives details of IPO allotment.

Step 3: Select 'Diffusion Engineers' in the Company Selection option.

Step 4: Select either Application Number, Beneficiary ID, or PAN number in the 'Selection Type' which is important to view the status of your application for the IPO.

Step 5: Add the colour-coded Captcha in the small box and click on 'SEARCH'. After this process, you will be able to get the status of the IPO.

To Check the Application Status On BSE, Click On The Link Below:

https://www.bseindia.com/investors/appli_check.aspx

Step 1: Here, you will have to select the 'Issue Type' which would be EQUITY.

Step 2: Then select 'Diffusion Engineers' in the 'Issue Name' option.

Step 3: The third process is to add either 'Application No' or 'PAN number'.

Step 4: Finally click on SEARCH to review the status of your bidding in the IPO.

Diffusion Engineers Ltd. (DEL) is engaged in the business of manufacturing welding consumables, wear plates and wear parts and heavy engineering machinery for core industries.