Diffusion Engineers Limited IPO allotment today: Here’s how to check status online

The allotment for Diffusion Engineers Limited IPO is expected to be finalised today, October 1. The IPO applicants can check the share allotment status online through the websites of the NSE, BSE and issue registrar, Bigshare Services Pvt Ltd.

The IPO saw a robust response from the investors as it got subscribed 114.50 times on the final day. The public issue subscribed 85.61 times in the retail category, 95.74 times in QIB, and 207.60 times in the NII category by September 30, the final day of the IPO.

Steps to check Diffusion Engineers Limited IPO share allotment status on NSE:

• Open the NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

• Login with your username and password. First time users will have to create a login id afresh on the NSE website.

• Select ‘Diffusion Engineers Limited’ from the drop-down menu for issue names.

• Enter your PAN details.

• Enter the IPO application Number

• Click on the ‘I am not a Robot’ checkbox

• Click the ‘Submit’ button.

It is important to note that the share allotment status will appear on screen only after the company finalises the share allocation.

Diffusion Engineers Limited IPO share allotment status can also be checked on the BSE website by using the PAN and application number.

Here’s how to check Diffusion Engineers Limited IPO share allotment status on the registrar's website

• Go to the official website of Bigshare Services- https://ipo.bigshareonline.com/IPO_Status.html.

• Select 'Diffusion Engineers Limited’ from the dropdown menu for company names.

• Select any of the following details— Application Number, Beneficiary ID or PAN— and enter the details to verify.

• Type in the captcha.

• Click on the search button to view the share allotment status.

Diffusion Engineers Limited IPO received bids for over 75.55 crore shares across categories against 65.98 lakh shares offered for subscription, leading to an overall booking of 114.50 times.

The Non-Institutional Investors (NIIs) category was booked over 207 times, with applications for 29.13 crore shares compared to 14.03 lakh shares reserved for the category. The retail portion of the IPO was booked over 85 times, with applications for over 28.03 crore shares compared to 32.74 lakh shares set aside for the segment.

The Qualified Institutional Buyers (QIBs) booked their quota 95.74 times with bids for over 17.91 crore shares compared to 18.71 lakh shares set aside for the category.

The company plans to use the net proceeds from the issue for capital expenditure to expand its current manufacturing facility in Nagpur, set up a new facility in MIDC Hingna, meet working capital needs, and for general corporate purposes.

The mainboard IPO consisted of a fresh issue of 0.94 crore shares. The IPO price band was fixed at ₹159 to ₹168 per share.The minimum lot size for retail investors was fixed at 88 shares which aggregated to an investment of ₹14,784.

Diffusion Engineers IPO listing date has been tentatively scheduled for October 4. The welding manufacturer's shares will be listed on both the NSE and BSE.

Diffusion Engineers Limited, founded in 1982, manufactures welding consumables, wear plates, and heavy machinery. They provide repair and reconditioning services for heavy machinery and trade in wear protection powders and welding machines. The company operates four manufacturing units in Nagpur, specialising in welding electrodes, flux-cored wires, wear plates, and coatings for abrasion resistance.