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19 Nov 2024
The Diensten Tech SME IPO will be open for subscription from June 26 to June 28 on the NSE. The company aims to raise ₹22.08 crores through this offering, with shares priced between ₹95 to ₹100 each. Investors must purchase a minimum of 1200 shares per lot.
By the end of the first day, the IPO was subscribed 0.94 times, with significant interest from non-institutional and retail investors.
The funds raised from the Diensten Tech IPO will be used to settle liabilities related to acquiring the "Professional Services and Training Division" from J K Technosoft Limited, as per the Business Transfer Agreement dated April 30, 2022. Additionally, the proceeds will meet the company's working capital needs, general corporate purposes, and issue expenses.
| IPO Open | June 26, 2024 |
|---|---|
| IPO Close: | June 28, 2024 |
| IPO Size: | Approx ₹22.08 Crores, 2,208,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹95 to ₹100 Per Equity Share |
| IPO Listing on: | NSE |
| Retail Quota: | 35% on the net offer |
| QIB Quota: | 50% on the net offer |
| NII Quota: | 15% of the net offer |
| Basis of allotment: | July 1, 2024 |
| Refunds: | July 2, 2024 |
| Credit to Demat Account: | July 2, 2024 |
| IPO Listing Date: | July 3, 2024 |
Diensten Tech, an IT company based in Delhi, specializes in professional resourcing, IT consultancy, IT training, and software AMC services. They connect clients with relevant IT experts, manage team capacities, and execute client projects with their in-house specialists.
As a next-generation IT consultancy, Diensten assists businesses in modernizing for the digital age by offering comprehensive professional solutions and innovative technologies. They also provide corporate training to help organizations develop skills in emerging technologies and promote growth.
For the quarter ending December 31, 2023, Diensten Tech reported a revenue of ₹26.21 crore, with a full-year revenue of ₹37.60 crore for 2023.
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