Mumbai: Diffusion Engineers IPO allotment is expected to take place on October 1, 2024 (Tuesday). The mainboard IPO received a strong response from the investors. The data showed that the public offer received a subscription of 114.50 times. In the retail category, it was subscribed 85.61 times, 95.74 times in QIB, and the NII category showed 207.60 times subscription.
Diffusion Engineers IPO GMP is indicating a good listing for the shares. Investorgain.com reported that with the price band of 168 and GMP at Rs 60 00, Diffusion Engineers IPO shares are estimated to be listed at Rs 228, which means around 35 per cent gains.
Diffusion Engineers IPO price band: Rs 159-168 per share.
Shares Offered: 6,598,500
Shares Bid for: 75,55,15,992
Diffusion Engineers IPO allotment status check
Diffusion Engineers IPO allotment can be checked on the website of the issue’s registrar – Bigshare Services India.
Open the website of Bigshare Services -https://www.bigshareonline.com/ipo_Allotment.html
Click on Company Selection
Dropdpwn box will appear which will have the firm’s name
Select Diffusion Engineers
Next step will be to click on Selection Type
Application No/CAF No
Beneficiary number
Diffusion Engineers Ltd Financials
Diffusion Engineers came into existence in 1982. The firm is engaged in the business of providing engineering solutions with its wide range of products and services including manufacture of special welding consumables, wear plates and heavy engineering equipment for core industries and provide special and customised repairs and reconditioning services of heavy machinery and equipment.
Particulars
Year ended 31st March, 2024
Year ended 31st March, 2023
Turnover
2571.26
2440.74
Profit/(Loss) before taxation
316.58
225.48
Less: Tax Expense
82.63
57.32
Profit/(Loss) after tax
233.95
168.16
Add: Balance B/F from the previous year
1155.7
998.6
Balance Profit / (Loss) C/F to the next year
1363.51
1155.7
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Diffusion Engineers IPO allotment is expected to take place on October 1, 2024. The Diffusion Engineers IPO GMP indicates listing of shares with around 35 per cent gains. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
