Diensten Tech is launching its initial public offering (IPO) as a book-built issue, aiming to raise ₹22.08 crores. The entire IPO consists of 22.08 lakh fresh shares.
The subscription window for the IPO of Diensten Tech opens on June 26, 2024, and will close on June 28, 2024. The allotment process is expected to be finalized on Monday, July 1, 2024. Diensten Tech’s shares will be listed on the NSE SME platform, with a tentative listing date set for Wednesday, July 3, 2024.
The price band for the Diensten Tech IPO is ₹95 to ₹100 per share. Retail investors can apply for a minimum lot size of 1200 shares, requiring an investment of ₹120,000. High-net-worth individuals (HNIs) can invest in 2 lots (equivalent to 2400 shares), totaling ₹240,000.
Corporate Professionals Capital Private Ltd serves as the book-running lead manager for the Diensten Tech IPO, while Kfin Technologies Limited acts as the registrar. Share India Securities is the market maker for this IPO.
Diensten Tech operates in the information technology and consulting sector.
Diensten Tech IPO Details:
| Company Name | Diensten Tech |
| Sector | IT and Consulting |
| IPO Type | SME |
| IPO Open date | 26th June 2024 |
| IPO Close date | 28th June 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Diensten Tech IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,20,000 |
| HNI (Min) | 2 | 2400 | 2,40,00 |
Diensten Tech IPO Timeline:
| IPO Open Date | 26th June 2024 |
| IPO Close Date | 28th June 2024 |
| Basis of Allotment | 01st July 2024 |
| Refund Initiation Date | 02nd July 2024 |
| Shares Credit to Demat | 02nd July 2024 |
| Listing Date | 03rd July 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
