Diensten Technologies Launches IPO on NSE, Offering Over 20 Lac Shares

Diensten Technologies Limited, also known as DTL, a staffing and IT services organisation, today announced the launch of its Initial Public Offering (IPO) on NSE. The IPO, which opened today and closes on June 28, 2024, marks a significant milestone in DTL's journey.

The IPO comprises a total of 20,97,600 equity shares, with 7,34,400 shares reserved for retail investors. The price band for the IPO has been set at Rs. 95 - Rs. 100 per equity share, with a minimum lot size of 1,200 shares.

DTL was established by promoters Abhishek Sighnia and Vipul Prakash,. The company specialises in providing IT services, including staffing solutions to clients across various sectors, including IT, Automobiles, Logistics, BFSI, and Healthcare.

"We are thrilled to announce the launch of our IPO today," says Siva Prasad Nanduri, CEO of Diensten Tech Ltd. “It will empower us to expand our operations, invest in cutting-edge technologies, and explore new growth avenues. This marks a significant milestone in DTL's journey, and we invite investors to be part of our growth story”, he further added.

 DTL is supported by a team of Independent and other Directors. Mr. Siva Prasad Nanduri, who leads the management team, brings significant experience in IT professional services from his tenure at TeamLease, Adecco, and other leading organizations. This IPO launch will enable DTL to mark its presence, invest in talent development, and solidify its position in the professional services industry.