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Diffusion Engineers IPO Latest GMP: Step-By-Step Guide To Check Allotment Status Online On BSE
Diffusion Engineers Limited has launched a Rs 158 crore IPO, offering 0.94 crore fresh shares. The price band is set at Rs 159 to Rs 168 per share, with retail investors requiring a minimum investment of Rs 14,784.
Diffusion Engineers IPO Latest GMP (Image Source: iStockphoto)
Diffusion Engineers Limited, a specialist in welding consumables and heavy machinery, has launched its IPO, aiming to raise Rs 158 crore through a book-built issue. The IPO consists of 0.94 crore shares, all in the form of fresh issuance.
Diffusion Engineers IPO Subscription Window
The bidding for the Diffusion Engineers IPO opened on September 26, 2024, and it was closed on September 30, 2024.
Diffusion Engineers IPO Price Band
The price band of Diffusion Engineers IPO has been set between Rs 159 and Rs 168 per share, with a minimum application of 88 shares.
Diffusion Engineers IPO Allotment And Listing Date
The allotment of shares is expected to be finalised on October 1, 2024, with the company listing on the BSE and NSE on October 4, 2024.
Diffusion Engineers IPO GMP
As per multiple websites that track the grey market premium activities, the shares of Diffusion Engineers IPO are commanding a GMP in the price range of Rs 50 - Rs 60 in the unlisted market.
Step By Step Guide To Check Diffusion Engineers IPO allotment status on BSE
Step 1. Visit the BSE official website's allotment page
Step 2. Under 'Issue Type,' select 'Equity'
Step 3. Choose the IPO from the dropdown option under 'Diffusion Engineers IPO'
Step 4. Enter PAN or application number
The IPO also includes a reservation for employees, offering up to 50,000 shares at an Rs 8 discount to the issue price. Unistone Capital Pvt Ltd is serving as the book-running lead manager for the issue, and Bigshare Services Pvt Ltd is handling registrar duties.
Founded in 1982, Diffusion Engineers is known for its role in manufacturing welding consumables, wear plates, and parts used across core industries. The company also provides repair and reconditioning services for heavy machinery, and its product offerings include wear protection powders, as well as welding and cutting machines.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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Arjit Saxena author
Arjit Saxena is a Senior Correspondent at ET NOW and Times NOW Business Section. He writes on Stock Market, Economy, Startups, Corporates, and Persona...View More
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