Tue Oct 01 07:20:07 UTC 2024: ## Diffusion Engineers IPO Oversubscribed by 114 Times, Allotment Finalized Today

**Mumbai, India** – The highly anticipated initial public offering (IPO) of Diffusion Engineers Limited has been finalized today, October 1st, after receiving an overwhelming response from investors. The Maharashtra-based company’s IPO, which was open for subscription from September 26th to 30th, saw a staggering 114.50 times oversubscription.

The IPO, which aimed to raise Rs 158 crore, saw strong demand across all categories. Retail investors subscribed 85.61 times, Qualified Institutional Buyers (QIBs) subscribed 95.74 times, and Non-Institutional Investors (NIIs) oversubscribed by a whopping 207.60 times.

Investors can now check their allotment status through the online portals of the Bombay Stock Exchange (BSE) and Bigshare Services Pvt Ltd, the registrar for the IPO.

With a grey market premium (GMP) currently at Rs 60, the anticipated listing price for Diffusion Engineers is estimated to be Rs 228, suggesting a potential gain per share of 35.71%. The shares are scheduled to list on both BSE and NSE on Friday, October 4th, 2024.

The successful IPO of Diffusion Engineers signifies strong investor confidence in the company and the potential for growth in the engineering sector.

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