The excitement is building as investors eagerly await the allotment date for the Diffusion Engineers Limited Initial Public Offering (IPO). After three days of intense bidding, the allotment date is expected to be today, October 1, 2024. This is an important milestone for those who applied for shares in this IPO.
The bidding for the Diffusion Engineers IPO concluded on Monday, and in accordance with the ‘T+3’ rule, the shares must be listed on the Indian stock exchanges within three working days after the bidding ends. Since Wednesday is a public holiday in India for Mahatma Gandhi Jayanti, the listing date is likely to be on Friday, October 4, 2024.
This means investors will soon know if they received any shares and will have an opportunity to trade them in the market shortly thereafter.
The grey market has been showing positive signals for the shares of Diffusion Engineers. Today, the shares are trading at a premium of ₹59 in the grey market. This premium indicates a strong demand and a positive outlook for the company, as it reflects a 35% increase over the upper price band set for the IPO. This is particularly noteworthy given the recent downturn in the broader stock market.
The Grey Market Premium (GMP) is an unofficial indicator of how well the shares might perform once they are listed. A high GMP generally suggests that the shares could debut strongly on the stock exchange, and this news is encouraging for investors who have applied for the IPO.
Checking Allotment Status
Once the allotment status is announced, investors can check whether they have received shares through the following methods:
BSE Website:
- Visit the direct BSE link at bseindia.com/investors/appli_check.aspx.
- Choose ‘Equity’ as the issue type.
- Enter your Application Number or PAN Number.
- Check the box to confirm you are not a robot.
- Click the ‘Search’ button.
Your allotment status will appear on your screen.
Bigshare Services:
- Go to the Bigshare Services link at ipo.bigshareonline.com/ipo_status.html.
- Choose ‘Diffusion Engineers Limited’ from the company list.
- Please provide your Application Number, CAF Number, Beneficiary ID, or PAN Number.
- Complete the CAPTCHA verification.
- Click the ‘Submit’ button.
The status will then be displayed for you.
The anticipation surrounding the Diffusion Engineers IPO is palpable, with the allotment date falling on October 1, 2024, and the listing expected on October 4, 2024. The encouraging signals from the grey market add to the excitement, suggesting a potentially successful debut for the company’s shares.
For those who participated in the IPO, it is now a matter of checking their status and preparing for the upcoming trading opportunity. As the market eagerly awaits the listing, investors will be keen to see how Diffusion Engineers performs in the public arena. Stay tuned for further updates and ensure to check your allotment status today! Please remember to research thoroughly before investing in any IPO!
