Diensten Tech IPO Closes Today: Check Subscription Status, GMP Today
Diensten Tech IPO Closes Today: Check Subscription Status, GMP Today
Unlisted shares of Diensten Tech Ltd are trading with zero GMP as of now, which means the market expects no listing gains on July 3

Diensten Tech IPO: The initial public offering (IPO) of IT services firm Diensten Tech Ltd, which is going to be closed today, Friday, has so far received a muted response from investors. Till 10:15 am on the final day of bidding on Friday, the IPO received a 4.98 times subscription garnering 78,72,000 shares as against 15,80,400 shares on offer, according to the latest NSE data.

The Rs 22.08-crore IPO was opened for public subscription on Wednesday. The Diensten Tech IPO allotment will likely be finalised on July 1, while its listing will take place on the NSE SME on July 3.

Its price band was fixed at Rs 95-Rs 100 per share.

Investors need to apply for a minimum of 1,200 equity shares and in multiples thereof. Hence, the minimum investment by retail investors would be Rs 1,20,000 (1,200 (lot size) x Rs 100 (upper price band)).

Diensten Tech IPO GMP Today

According to market observers, unlisted shares of Diensten Tech Ltd are trading with zero GMP as of now. It means the market expects no listing gains on July 3. Importantly, the GMP is based on market sentiments and keeps changing.

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Diensten Tech IPO: More Details

Diensten Tech IPO is entirely a fresh issue of 22.08 lakh shares. Diensten Tech IPO price band is set at Rs 95 to Rs 100 per share. The minimum lot size for an application is 1,200 shares. The minimum amount of investment required by retail investors is Rs 1,20,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to Rs 2,40,000.

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

Corporate Professionals Capital Private Ltd is the book running lead manager of the Diensten Tech IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Diensten Tech IPO is Share India Securities.

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