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Diffusion Engineers is set to finalize its Rs 158 crore IPO allotment today following a 114.5x subscription. Investors can check their allotment status through Bigshare Services. Shares will be credited by October 3, and trading begins on October 4.
The allotment for Diffusion Engineers Ltd's Rs 158 crore IPO is expected to be finalized today, October 1, 2024. The IPO saw significant interest, with a 114.5x subscription across various investor categories. Non-institutional investors subscribed 207.60 times, while qualified institutional buyers and retail investors subscribed 95.74 and 85.61 times, respectively. The share price range for the issue was between Rs 159-168.
Investors who participated in the IPO can check their allotment status through the official registrar, Bigshare Services, by using their PAN, application number, or DP ID. The shares are expected to be credited to demat accounts by October 3, with trading anticipated to begin on October 4 on the BSE and NSE. You can also check the allotment status on Bajaj Broking.
The Maharashtra-based company plans to use the funds raised for expanding its manufacturing facilities, establishing a new unit in Nagpur, and fulfilling working capital requirements.
Source – Money Control
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