Diffusion Engineers IPO will finalise its share allotment on October 1. The issue opened on September 26 and the IPO closed on September 30.  The company aimed to raise Rs 158 crore through a sale of 9.4 million fresh shares. It has been subscribed 114x as of the last update. The allotment status for your application can checked on the website of the registrar.

Here’s how to check the allotment status for Diffusion Engineers step-by-step:

Step 1 

The allotment of shares can be checked on the website of the issue’s registrar. In this issue, Bigshare Services India handled the work of the registrar. Go to your browser and search for Bigshare Services India.

Step 2

Open the website of Bigshare Services and click on the IPO allotment status box on the left side of the screen. 

Step 3

Now, select any one server out of the three, which will redirect you to a new screen asking for details. Fill in all your details – the company’s name and Application number, Beneficiary ID, or PAN number (any of the three). 

Step 4 

Enter the captcha and hit the search button. The status of the allotment will appear to you on the screen. The allottees will get the shares credited to their D’Mat accounts on October 03. But, if shares would not have been allotted then the refund will be initiated to your bank account on October 03. 

IPO Details

The listing of the issue is expected to be on BSE and NSE on October 04, as per the tentative schedule. The company’s IPO price band ranged between Rs 159 to Rs 168 per equity share. The minimum investment for retail buyers was Rs 14,784 or a lot of 88 shares. 

About Diffusion Engineers

Diffusion Engineers is a manufacturer of welding consumables, wear plates and parts, and heavy machinery for core industries. The company offers specialized repair and reconditioning services for heavy machinery and equipment. The company also trades in wear protection powders and welding and cutting machines. 

Diffusion Engineers Subscription Status 

The company’s issue received a total of Rs 12,692.67 crore bids. The company collected retail bids worth Rs 4,709.43 crore and NII bids of Rs 4,894.15 crore. The issue was subscribed almost 115 times more than the offered shares. While the retail part was booked 85.61 times, the NII segment got humongous attention, getting subscribed 207.60 times. 

BRLM and Registrar

Unistone Capital is the book-running lead manager of the IPO, while Bigshare Services is the registrar for the issue.