Diensten Tech IPO allotment status expected today: Step by step guide to check status

Diensten Tech IPO share allotment status is expected to be finalised on Monday, July 1, after the successful closure of the subscription period. The ₹22.08-crore book-building issue closed for bidding on June 28.

The public issue witnessed strong demand during subscription, as the IPO was booked 54 times. The IT services provider's initial public offer received bids for over 7.94 crore shares compared to the 14.7 lakh on offer.

The non-institutional investors’ (NIIs) category drove the demand for the public issue as the segment was booked 155.33 times with bids for 4.9 crore shares compared to 3.15 lakh shares on offer. The qualified institutional buyers (QIBs) placed bids for more than 40.33 lakh shares against 4.2 lakh shares offered for bidding, leading to a subscription of 9.6 times in the category.

Retail investors placed bids for 2.63 crore shares compared to the 7.34 lakh shares reserved for the category. The issue was booked 35.86 times by retail investors.

Shares of the IT services company are likely to list on the NSE SME platform on Wednesday, July 3. Before the listing date of the public issue, investors are eagerly awaiting the allotment status of the public issue.

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The allotment status of the public issue can be checked on the NSE website or the website of the registrar Kfin Technologies Limited.

Steps to Diensten Tech IPO share allotment on registrar Kfintech website

• Open the website of the IPO registrar Kfin Technologies Ltd at https://www.kfintech.com/
• Go to the 'IPO Allotment Status' section
• From the 5 server links choose on any one of them
• A new page will open, click on the 'IPO Allotment Status' link
• Select ‘Diensten Tech Ltd’ from the dropdown list
• Enter any one of these- Application Number/Demat Account/PAN.
• Type in the captcha and submit.

Your share allotment status will be shown on the screen. However, it’s important to note that it will only appear onscreen after the company decides to allocate the shares to successful bidders.

How to check Diensten Tech IPO share allotment on the NSE website?

• Go to the NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• You will need to use the username and login id received on mail
• Bidders are mandatorily required to create username and password on the NSE website
• A list of public issues will be shown once you login; select ‘Diensten Tech IPO’
• Enter your PAN details
• Enter your IPO application Number and click submit

The book-building issue worth ₹ 22.08 crore comprised an entirely fresh issue of 22.08 lakh shares.

Diensten Tech Limited provides information technology (IT) professional resourcing, IT consulting, IT training, and software AMC services. Founded in 2007, it was formerly known as JKT Consulting Limited.

The money raised via the public issue will be used by the company to pay the liability raised against outstanding payment of consideration for the "Professional Services and Training Division" business acquired from J K Technosoft Limited, vide the Business Transfer Agreement Dated April 30, 2022.

Additionally, the company will also use the funds for meeting working capital requirements, general corporate purposes and issue expenses.

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