Diensten Tech Ltd - IPO

Diensten Tech Ltd IPO Details

Initial public issue of up to 22,08,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Diensten Tech Limited (Company) for cash at a price of Rs. 100/- per equity share (including a share premium of Rs. 90/- per equity share) (Issue Price) aggregating up to Rs. 22.08/- crores of which up to 1,10,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 100/- per equity share including a share premium of Rs. 90/- per equity share aggregating to Rs. 1.10 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 20,97,600 equity shares of face value of Rs. 10/- each at a price of Rs. 100/- per equity share aggregating to Rs. 20.98 is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.73% and 25.39% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 each and the issue price is Rs. 100.The issue price is 10 times of the face value of the equity shares.

Objective of issue

Payment of liability raised againest outstanding payment of consideration for Professional Services & Training Division business acquired from J K Technosoft Ltd, vide Business Transfer Agreement Date April 30,2022. Working Capital Requirement. General Corporate Purposes.

Diensten Tech Ltd Contact Details

Diensten Tech Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@jkdtl.com

Website - www.dienstentech.com