Diffusion Engineers IPO Allotment Finalised: How To Check Status Online? Latest GMP, When Shares To Get Credit

Diffusion Engineers IPO: The shares allotment of Rs 158 crore IPO has been finalised on October 1, however, due to the Gandhi Jayanti holiday on October 2nd, eligible shareholders will receive the equity shares in their demat account on October 3. Also, those investors who did not cut will get the refund of their bids by Thursday.

On Wednesday, the latest grey market premium (GMP) on the IPO signals a double-digit premium listing which is likely to take place on October 4th.

Diffusion Engineers IPO Allotment Status:

Are you eligible for Diffusion Engineers IPO? Here's how to check your status online:

There are three ways to check the allotment status on a Diffusion IPO. These are the websites of BSE, NSE and the registrar of the IPO, Bigshare Services.

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.

To Check The Status Of Application On NSE, Click On The Link Below:

https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jspb

As per the NSE website, to avail of this facility, the investor has to register one time by providing the PAN details. The user shall be able to view the details of the bids entered against the registered PAN number. However, first, they need to register on NSE. On registration, the investor will receive an email notification from NSE on the registered email address providing the login details.

NSE will also provide Allotment information as provided by the registrar to the issue.

Diffusion Engineers IPO GMP Today:

As per Investor Grain, Diffusion Engineers IPO last GMP is ₹66, last updated Oct 2nd 2024 07:58 AM. With the price band of 168.00, Diffusion Engineers IPO's estimated listing price is ₹234 (cap price + today's GMP).The expected percentage gain/loss per share is 39.29%.

Diffusion Engineers IPO Listing:

The proposed equity shares are expected to list on BSE and NSE on October 4th.

According to BP Wealth's IPO note, with a diverse customer base of OEMs and direct customers both domestically and internationally, Diffusion Engineers demonstrates its ability to meet specific needs of major players in sectors like cement, steel, and power. The company's long-standing relationships with customers generate a significant portion of its revenue, ensuring steady income growth. As India continues to experience rapid industrialization and increasing demand for improved infrastructure, the welding consumables market is estimated at around Rs. 51 billion in FY24, with projections of Rs. 64-66 billion by FY27.

It also said, to meet this growing demand, the company is strategically planning to expand its manufacturing activities. Diffusion Engineers ranks among the top three industry players in terms of CAGR for operating income, profitability, and EBITDA between FY21 and FY24. The company demonstrated substantial revenue growth from FY22 to FY24, with a CAGR of 16.6%. The company's profit after tax (PAT) also rose significantly, from Rs. 170.5 million in FY22 to Rs. 308.0 million in FY24.

The brokerage likes the IPO with medium to long-term investment perspective.

Incorporated in 1982, Diffusion Engineers Ltd. is engaged in the manufacturing of welding consumables, wear plates, wear parts, and heavy engineering machinery for core industries. The company specializes in the repair and reconditioning of heavy machinery and equipment and also trades in anti-wear powders as well as welding and cutting machinery.