Diensten Tech IPO: Check subscription status, price band and other key details

The Diensten Tech SME IPO is scheduled to open from June 26 to June 28. During this period, investors can purchase shares in Diensten Tech, the SME IPO to be listed on the NSE. The company targets to raise ₹22.08 crores through this initial public offering. The price for each share has been set in the range of ₹95 to ₹100. Investors must buy at least 1200 shares in one lot of the Diensten Tech IPO.

At the end of Day 1 the IPO was subscribed 0.94 times, with majority of the subscription coming from Non Institutional and retail investors.

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Objectives of the IPO

The Diensten Tech IPO aims to raise funds to cover the liabilities related to the outstanding payment for acquiring the "Professional Services and Training Division" from J K Technosoft Limited under the Business Transfer Agreement dated April 30, 2022.

Another primary objective of the Diensten Tech IPO is to meet the company's working capital requirement and general corporate needs. It also aims to meet the issue expenses.

Diensten Tech IPO Date & Price Band Details

About Diensten Tech

Diensten Tech, a Delhi-based IT company, is involved in professional resourcing, IT Consultancy, IT Training, and Software AMC. They facilitate the connection between their clients and relevant IT experts, handle capacity across a team, and take up client projects to deliver with the help of in-house experts.

A next-generation IT consultancy, Diensten helps businesses modernise for the digital age with comprehensive professional solutions and innovative technologies. They also provide corporate training to help organisations develop skills in emerging technologies and drive growth.

In the quarter ended December 31, 2023, Diensten Tech reported revenue of ₹26.21 crore, while the full-year revenue of 2023 was ₹37.60 crore.

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