The initial public offering (IPO) of staffing and IT services organization Diensten Technologies Limited (DTL) is going to close today on 28 June. DTL’s IPO opened for subscription on 26 June. This issue has been subscribed a total of 12.30 times on the third and last day so far. This IPO has been subscribed 17.70 times in the retail category, 0.49 times in qualified institutional buyers (QIB) and 15.48 times in the non-institutional investors (NII) category. DTL’s IPO will be listed on NSE SME on July 3 DTL’s IPO will be listed on NSE SME on July 3. Allotment of its shares will be done on July 1 and shares will be credited to the demat account on July 2. This IPO is a big milestone in DTL’s journey. The company wants to raise Rs 22.08 crore through this IPO The company wants to raise Rs 22.08 crore through this IPO. The company has fixed the price band of this IPO at ₹95-₹100 per equity share. For which the company is issuing 22.08 lakh fresh shares. This is a completely fresh IPO, in which the existing investors and promoters of the company are not selling a single share through the Offer for Sale. Retail investors can bid for a minimum of 1200 shares. Retail investors can bid for a minimum and maximum of one lot i.e. 1200 shares. If you apply for 1 lot as per the IPO’s upper price band of ₹100, then you will have to invest ₹1,20,000 for this. 33.26% of the issue reserved for retail investors 19.02% of the company’s issue has been reserved for Qualified Institutional Buyers (QIB). Apart from this, about 33.26% is reserved for retail investors and 14.29% is reserved for non-institutional investors (NII). At the same time 28.42% is reserved for anchor investors and 5.00% for market makers. DTL was founded in 2007 by Abhishek and Vipul DTL was founded in 2007 by promoters Abhishek Singhania and Vipul Prakash. The company provides IT services including staffing solutions to clients in several sectors including IT, automobile, logistics, BFSI and healthcare.
