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Diensten Tech Limited IPO (Diensten Tech IPO) Detail

June 26, 2024 - June 28, 2024

Diensten Tech IPO is a book built issue of Rs 22.08 crores. The issue is entirely a fresh issue of 22.08 lakh shares.

Diensten Tech IPO bidding started from June 26, 2024 and ended on June 28, 2024. The allotment for Diensten Tech IPO was finalized on Monday, July 1, 2024. The shares got listed on NSE SME on July 3, 2024.

Diensten Tech IPO price band is set at ₹95 to ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.

Corporate Professionals Capital Private Ltd is the book running lead manager of the Diensten Tech IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Diensten Tech IPO is Share India Securities.

Refer to Diensten Tech IPO RHP for detailed information.

Diensten Tech IPO Details

IPO Date June 26, 2024 to June 28, 2024
Listing Date July 3, 2024
Face Value ₹10 per share
Price Band ₹95 to ₹100 per share
Lot Size 1200 Shares
Total Issue Size2,208,000 shares
(aggregating up to ₹22.08 Cr)
Fresh Issue2,208,000 shares
(aggregating up to ₹22.08 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue6,052,646
Share holding post issue8,260,646
Market Maker portion110,400 shares
Share India Securities

Diensten Tech IPO Reservation

Diensten Tech IPO offers 2,208,000 shares. 420,000 (19.02%) to QIB, 315,600 (14.29%) to NII, 734,400 (33.26%) to RII and 627,600 (28.42%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered627,600 (28.42%)
Market Maker Shares Offered110,400 (5.00%)
QIB Shares Offered420,000 (19.02%)
NII (HNI) Shares Offered315,600 (14.29%)
Retail Shares Offered734,400 (33.26%)
Total Shares Offered2,208,000 (100%)

Diensten Tech IPO Anchor Investors Details

Diensten Tech IPO raises Rs 6.28 crore from anchor investors. Diensten Tech IPO Anchor bid date is June 25, 2024. Diensten Tech IPO Anchor Investors list

Bid Date June 25, 2024
Shares Offered 627,600
Anchor Portion Size (In Cr.) 6.28
Anchor lock-in period end date for 50% shares (30 Days) July 31, 2024
Anchor lock-in period end date for remaining shares (90 Days) September 29, 2024

Diensten Tech IPO Timeline (Tentative Schedule)

Diensten Tech IPO opens on June 26, 2024, and closes on June 28, 2024.

IPO Open Date Wednesday, June 26, 2024
IPO Close Date Friday, June 28, 2024
Basis of Allotment Monday, July 1, 2024
Initiation of Refunds Tuesday, July 2, 2024
Credit of Shares to Demat Tuesday, July 2, 2024
Listing Date Wednesday, July 3, 2024
Cut-off time for UPI mandate confirmation 5 PM on June 28, 2024

Diensten Tech IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹120,000
Retail (Max) 1 1200 ₹120,000
HNI (Min) 2 2,400 ₹240,000
Lot Size Calculator

Diensten Tech IPO Promoter Holding

J. K. Traders Limited, Mr. Abhishek Singhania, Mr. Vipul Prakash, and Ms. Tina Prakash are the promoters of the company.

Share Holding Pre Issue 95.50%
Share Holding Post Issue 69.97%

About Diensten Tech Limited

Diensten Tech Limited, formerly known as JKT Consulting Limited, was founded in 2007 and provides information technology (IT) professional resourcing, IT consulting, IT training and software AMC services.

The company's list of services includes:

  1. IT support and consulting services: Under this framework, the company provides comprehensive IT professional resourcing, IT consulting, and software AMC services in various industries, namely information technology, banking and finance, automotive and engineering, telecommunications, healthcare, retail and entertainment.
  2. Corporate training services: In this area, the company offers both technical and soft skills-based training services. These include ERP and business application training, behavioral training, induction/onboarding training, domain-specific training, training and deployment, CSR implementation programs, disaster and safety management training, learning solutions, and educational tourism.

As of December 31, 2023, the company had 458 employees.

Diensten Tech Limited Financial Information (Restated)

Diensten Tech Limited's revenue increased by 4813.51% and profit after tax (PAT) rose by 1007.59% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,019.891,504.81203.66370.24
Revenue2,620.923,760.3176.53525.06
Profit After Tax-171.7016.061.45117.07
Net Worth253.34425.05139.99-111.72
Reserves and Surplus-351.92-180.21-196.27-197.72
Total Borrowing1,847.67280.00344.12
Amount in ₹ Lakhs

Key Performance Indicator

KPI as of December 31, 2023.

KPI Values
ROE-67.50%
ROCE-20.74%
Debt/Equity7.29
RoNW-67.77%
Pre IPO Post IPO
EPS (Rs) 0.29
P/E (x) 344.83

Objects of the Issue (Diensten Tech IPO Objectives)

The objects of the Issue are:

  1. Payment of liability raised against outstanding payment of consideration for "Professional Services and Training Division" business acquired from J K Technosoft Limited, vide Business Transfer Agreement Dated April 30, 2022.
  2. To meet the Working Capital requirements of the Company;
  3. To meet out the General Corporate Purposes; and
  4. To meet out the Issue Expenses.

Diensten Tech IPO Review (Avoid)

[Dilip Davda]  The company is engaged in a highly competitive and fragmented segment of IT solutions and related services. It has posted inconsistency in its financial performance and based on its FY24 losses, the issue has a negative P/E. Its NAV too is negative. There is no harm in skipping this highly risky bet. Read detail review...


Diensten Tech IPO Subscription Status (Bidding Detail)

The Diensten Tech IPO is subscribed 53.94 times on June 28, 2024 6:19:55 PM. The public issue subscribed 35.87 times in the retail category, 9.60 times in the QIB category, and 154.99 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB9.60
NII154.99
Retail35.87
Total53.94

Total Application : 21,952 (35.87 times)

Diensten Tech IPO Prospectus

Diensten Tech IPO Rating

3
1.0
Rating:Rated 1.0 stars
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Diensten Tech IPO Listing Details

Listing Date July 3, 2024
BSE Script Code
NSE Symbol DTL
ISIN INE0JRD01019
Final Issue Price ₹100 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹100.00
₹240.00
₹240.00
₹252.00
₹252.00

Check IPO Performance…

Diensten Tech Limited Contact Details

Diensten Tech Limited
7 th Floor, A-2,
L.S.C., Masjid Moth,
Greater Kailash-II, New Delhi – 110048
Phone: 011-40562187
Email: cs@jkdtl.com
Website: http://www.dienstentech.com/

Diensten Tech IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: dtl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Diensten Tech IPO - Buy or Not

Diensten Tech IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 1

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Diensten Tech IPO FAQs

Diensten Tech IPO is a SME IPO of 2,208,000 equity shares of the face value of ₹10 aggregating up to ₹22.08 Crores. The issue is priced at ₹95 to ₹100 per share. The minimum order quantity is 1200 Shares.

The IPO opens on June 26, 2024, and closes on June 28, 2024.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Diensten Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Diensten Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Diensten Tech IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Diensten Tech IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Diensten Tech IPO opens on June 26, 2024 and closes on June 28, 2024.

Diensten Tech IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.

You can apply in Diensten Tech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Diensten Tech IPO will be done on Monday, July 1, 2024, and the allotted shares will be credited to your demat account by Tuesday, July 2, 2024. Check the Diensten Tech IPO allotment status.

The Diensten Tech IPO listing date is on July 3, 2024.
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