Diensten Tech IPO Debuts at 140% Premium

Tanushree Jaiswal

Last Updated: 3rd July 2024 - 11:06 am

Diensten Tech IPO - Lists at a Big Premium of 140%

Diensten Tech had a very strong listing on 03rd July 2024, listing at ₹240.00 per share, a premium of 140.00% over the issue price of ₹100 per share in the IPO. Here is the pre-open price discovery for the Diensten Tech IPO on the NSE.

PRE-OPEN ORDER COLLECTION SUMMARY

Indicative Equilibrium Price (In ₹)	240.00
Indicative Equilibrium Quantity (Number of Shares)	6,16,800
Final Price (In ₹)	240.00
Final Quantity (Number of Shares)	6,16,800
Previous Close (Final IPO price)	₹100.00
Discovered Listing Price premium / discount to IPO Price (₹)	₹+140.00
Discovered Listing Price premium / discount to IPO Price (%)	+140.00%

Data Source: NSE

The SME IPO of Diensten Tech was a book built IPO in the price band of ₹95 to ₹100 per share. Considering the strong subscription response at over 53X and the anchor allocation being done at the upper end of the band, the price discovery of the IPO also happened at the upper end of the price band at ₹100 per share. On 03rd July 2024, the stock of Diensten Tech listed at ₹240.00 per share, a premium of 140.00% over the IPO issue price of ₹100.00 per share. For the day, being in the 5% circuit filter category, the upper circuit price has been set at ₹252.00 and the lower circuit price has been set at ₹228.00.

Check Diensten Tech Subscription Status

As of 10.05 am, the volumes were 7.80 lakh shares while the turnover (value) was at ₹1,892 lakhs. The opening market cap of the stock stands at ₹208.17 crore. The equity shares of Diensten Tech (Symbol: DTL) shall be in Series ST (Trade for Trade Surveillance Segment (TFTS) – Settlement Type W) and subsequently be shifted to Series SM (Normal Rolling Segment – Settlement Type N). At 10.05 am, the stock is trading at ₹252.00, which is 5.00% above the listing price of ₹240.00 per share and the stock is trading locked at the upper circuit for the day. The stock of Diensten Tech has a face value of ₹10 per share and the market lot comprises of 1,200 shares. The stock trades under the NSE symbol (DTL) and the ISIN code for demat credits will be (INE0JRD01019).

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