Tue Oct 01 10:20:17 UTC 2024: ## Diffusion Engineers IPO Allotment Expected Today, Shares Trading Starts Thursday

**Mumbai, India** – The highly anticipated IPO of Diffusion Engineers Limited is expected to see allotment today, October 1st, 2024, according to market observers. This comes after the IPO concluded on Monday, September 30th, with an overwhelming 114.5 times subscription.

The 158-crore IPO, priced between Rs 159-168 per share, witnessed strong investor interest despite a significant correction in the secondary market on Monday. Notably, Non-institutional investors subscribed 207.60 times their reserved portion, while qualified institutional buyers and retail investors subscribed 95.74 times and 85.61 times respectively.

The ‘T+3’ listing rule mandates a three-day timeframe for listing after the bid closure. However, with Wednesday being a market holiday for Mahatma Gandhi Jayanti, the listing is most likely on Friday, October 4th.

According to the grey market, shares of Diffusion Engineers are currently trading at a premium of Rs 59, reflecting a 35% premium against the IPO’s upper price band.

Investors can check their allotment status on the official website of the registrar, Bigshare Services, using their PAN, Application number, or DP client ID. Alternatively, they can access the BSE website, navigate to ‘Investor Services’, and select ‘Status of Issue Application’ to view their allotment status.

Eligible investors are expected to receive their shares by October 3rd, with trading set to begin on the BSE and NSE on October 4th.

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