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Diensten Tech Limited IPO
Diensten Tech is in the business of Information Technology (IT) professional resourcing, IT Consultancy, IT Training, and Software AMC. They connect their clients to individuals with a specific IT skill set, manage capacity across a team, or deliver in-house technology experts to take client projects to full delivery. They are a next-generation IT consultancy service provider that helps enterprises reimagine their businesses for the digital age. They provide end-to-end professional solutions to make large companies and organizations more competitive by combining in-depth knowledge of a wide range of business sectors and innovative technologies with a fully collaborative approach.
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 price band is set at ₹95 to ₹100 per share. The minimum lot size for an application is 1200 Shares. 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.
Diensten Tech IPO Overview
| Detail | Description |
|---|---|
| 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 |
| Shareholding pre issue | 6,052,646 |
| Shareholding post issue | 8,260,646 |
| Market Maker portion | 110,400 shares |
Diensten Tech IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
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 Promoter Holding
| Share Holding Pre Issue | 95.50% |
| Share Holding Post Issue | 69.97% |
Diensten Tech IPO Anchor Investors Details
| 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 |
Company & Financials
Diensten Tech Limited, formerly 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: The company offers technical and soft skills-based training services in this area. These include ERP and business application training, behavioural training, induction/onboarding training, domain-specific training, training and deployment, CSR implementation programs, disaster and safety management training, learning solutions, and educational tourism.
Diensten Tech Limited Financial Information
| 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 | Values |
|---|---|
| ROE | -67.50% |
| ROCE | -20.74% |
| Debt/Equity | 7.29 |
| RoNW | -67.77% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.29 |
Objectives of Diensten Tech IPO
The objectives of the Issue are:
- 1. Payment of liability raised against outstanding payment of consideration for "Professional Services and Training Division" business acquired from JK Technosoft Limited, vide Business Transfer Agreement Dated April 30, 2022.
- 2. To meet the Working Capital requirements of the Company.
- 3. To meet the General Corporate Purposes.
- 4. To meet the Issue Expenses.
Diensten Tech IPO Review
The company is engaged in a highly competitive and fragmented IT solutions and related services segment. 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.
FAQs for Diensten Tech IPO
-
What is Diensten Tech IPO?
Diensten Tech IPO is an NSE SME IPO. They are going to raise ₹22.08 Crores via IPO. The issue is priced at ₹95 to ₹100 per equity share. The IPO is to be listed on NSE.
-
When will the Diensten Tech IPO?
The IPO is to open on June 26, 2024, for QIB, NII, and Retail Investors.
-
What is the Diensten Tech IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is the Diensten Tech IPO Size?
Diensten Tech IPO size is ₹22.08 crores.
-
What is the Diensten Tech IPO Price Band?
Diensten Tech IPO Price Band is ₹95 to ₹100 per equity share.
-
What is the Diensten Tech IPO Minimum and Maximum Lot Size?
The IPO bid is 1200 shares with ₹120,000.
-
What is the Diensten Tech IPO Allotment Date?
Diensten Tech's IPO allotment date is July 1, 2024.
-
What is the Diensten Tech IPO Listing Date?
Diensten Tech IPO listing date is July 3, 2024. The IPO to list on NSE SME.
RHP:
RHP of Diensten Tech Limited IPO
-
What is Diensten Tech IPO?
Diensten Tech IPO is an NSE SME IPO. They are going to raise ₹22.08 Crores via IPO. The issue is priced at ₹95 to ₹100 per equity share. The IPO is to be listed on NSE.
-
When will the Diensten Tech IPO?
The IPO is to open on June 26, 2024, for QIB, NII, and Retail Investors.
-
What is the Diensten Tech IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is the Diensten Tech IPO Size?
Diensten Tech IPO size is ₹22.08 crores.
-
What is the Diensten Tech IPO Price Band?
Diensten Tech IPO Price Band is ₹95 to ₹100 per equity share.
-
What is the Diensten Tech IPO Minimum and Maximum Lot Size?
The IPO bid is 1200 shares with ₹120,000.
-
What is the Diensten Tech IPO Allotment Date?
Diensten Tech's IPO allotment date is July 1, 2024.
-
What is the Diensten Tech IPO Listing Date?
Diensten Tech IPO listing date is July 3, 2024. The IPO to list on NSE SME.
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