Diffusion Engineers IPO Allotment Finalized Soon: Check Your Status on BSE and Registrar Sites

The share allotment for Diffusion Engineers’ IPO is expected to be finalized by Tuesday or Wednesday. Investors will be allotted shares through a lottery system, supervised by the registrar. On the day of allotment, investors will find out how many shares they have received compared to the number of shares they applied for.

You can check the allotment status on the BSE website or the registrar’s website. Here’s how to do it:

How to Check Allotment Status on BSE:

1. Go to the BSE Website: BSE Allotment Status
2. Select “Diffusion Engineers IPO” from the dropdown menu.
3. Enter your application number or PAN number.
4. Submit to check your allotment status.

How to Check Allotment Status on Bigshare Services:

Bigshare Services is the official registrar for this IPO. To check your allotment status:

1. Visit the Bigshare Services website: Bigshare Allotment Status
2. Select “Diffusion Engineers IPO.”
3. Enter your PAN details and click “Search” to view your status.

Grey Market Premium (GMP):

Diffusion Engineers’ shares are set to list on the exchanges on October 4. In the unlisted market, the shares are trading at a premium of ₹60, which is about 36% higher than the issue price.

IPO Subscription:

The IPO saw strong demand, with an overall subscription of nearly 115 times when it closed. The funds raised will be used for expanding their current manufacturing facility, setting up a new plant in Hingna, and covering working capital and general corporate expenses.

About Diffusion Engineers:

Diffusion Engineers has been providing engineering solutions for over 40 years. The company produces specialized welding consumables, wear plates, and heavy engineering equipment for key industries. It also offers repair and reconditioning services for heavy machinery. Additionally, the company trades in anti-wear powders, welding, and cutting equipment.

In FY2024, the company’s revenue rose by 10% year-on-year to ₹285 crore, driven by growth in welding consumables and wear plates. Net profit increased by 39% year-on-year to ₹30.8 crore.

Unistone Capital is the sole book running lead manager for the IPO.