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 opens for subscription on June 26, 2024 and closes on June 28, 2024. The allotment for the Diensten Tech IPO is expected to be finalized on Monday, July 1, 2024. Diensten Tech IPO will list on NSE SME with tentative listing date fixed as Wednesday, 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 | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,208,000 shares (aggregating up to ₹22.08 Cr) |
| Fresh Issue | 2,208,000 shares (aggregating up to ₹22.08 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,052,646 |
| Share holding post issue | 8,260,646 |
| Market Maker portion | 110,400 shares Share India Securities |
Diensten Tech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
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.
| 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:
- 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.
- 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 Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,019.89 | 1,504.81 | 203.66 | 370.24 |
| Revenue | 2,620.92 | 3,760.31 | 76.53 | 525.06 |
| Profit After Tax | -171.70 | 16.06 | 1.45 | 117.07 |
| Net Worth | 253.34 | 425.05 | 139.99 | -111.72 |
| Reserves and Surplus | -351.92 | -180.21 | -196.27 | -197.72 |
| Total Borrowing | 1,847.67 | 280.00 | 344.12 | |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | -67.50% |
| ROCE | -20.74% |
| Debt/Equity | 7.29 |
| RoNW | -67.77% |
Check Diensten Tech IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.29 |
Objects of the Issue (Diensten Tech IPO Objectives)
The objects of the Issue are:
- 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.
- To meet the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
- 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 Prospectus
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/