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Diensten Tech Shares Soar 140% on NSE SME Debut, Delivering Multibagger Returns

News by Aliceblue News Desk

03 Jul 2024

Diensten Tech Shares Soar 140% on NSE SME Debut, Delivering Multibagger Returns

Diensten Tech shares debuted on the NSE SME at ₹240, a remarkable 140% premium over the issue price, delivering multibagger returns to subscribers. The IPO, which opened on June 26, 2024, was subscribed nearly 54 times. Post-listing, the share price surged to ₹252, hitting a 5% upper circuit.

The Diensten Tech IPO allotment date is set for July 1, 2024, with shares priced between ₹95 and ₹100 each, and a face value of ₹10. Investors can bid in lots of 1200 shares or multiples thereof, making the offering accessible to various investor segments.

By the end of Day 2, the Diensten Tech IPO achieved a subscription rate of 3.47 times. This steady interest reflects moderate investor enthusiasm for the company’s offerings and future prospects.

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