Diensten Tech IPO will open for subscription from 26 June 2024. The company aims for an issue size of ₹22.08 Cr through this IPO.
Company Overview
| Full name | Diensten Tech Limited |
| Sector | Information Technology |
| Industry | IT-Software |
| Company Website | http://www.dienstentech.com/ |
About Company
Diensten Tech specializes in IT professional resourcing, consulting, training, and software AMC. The company aims to match clients with individuals with specific IT skills, manage team capacity, and provide technology experts for client projects. As a modern IT consulting service, Diensten Tech helps businesses adapt to the digital age by offering comprehensive solutions. They support large companies and organizations in boosting their competitiveness through a collaborative approach that combines industry knowledge and innovative technologies.
Diensten Tech focuses on forming long-term learning partnerships with businesses to help them develop skills in emerging technologies on a large scale. Their Corporate Training department creates innovative learning modules to enhance organizational performance, facilitate change, and drive growth with a team of experienced professionals.
The Objectives of the Issue
- 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 Timetable
| IPO Opening date | 26 June 2024 |
| IPO Closing | 28 June 2024 |
| Basis of Allotment | 01 July 2024 |
| Initiation Refund | 02 July 2024 |
| Credit to Demat Account | 02 July 2024 |
| Listing Date | 03 July 2024 |
Diensten Tech IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹22.08 Cr – 2,208,000 shares |
| Fresh Issue | ₹22.08 Cr – 2,208,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹95 to ₹100 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 110,400 shares |
| Shareholding pre-issue | 6,052,646 |
| Shareholding post-issue | 8,260,646 |
| Listing Exchange | NSE SME |
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 Offer Documents
Diensten Tech IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 627,600 (28.42%) |
| Market Maker Shares Offered | 110,400 (5.00%) |
| QIB Shares Offered | 420,000 (19.02%) |
| NII (HNI) Shares Offered | 315,600 (14.29%) |
| Retail Shares Offered | 734,400 (33.26%) |
| Total Shares Offered | 2,208,000 (100%) |
Diensten Tech Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 523.20 | 72.41 | 3,752.68 | 2,608.09 |
| Expenses | 361.59 | 70.15 | 3,737.92 | 2,855.50 |
| Net income | 117.07 | 1.45 | 16.06 | (171.70) |
Diensten Tech Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.93 | 0.02 | 0.27 |
| PE ratio | – | – | 358.05 – 376.90 |
| RONW (%) | (104.79) | 1.04 | 3.78 |
| NAV | (1.85) | 2.31 | 7.02 |
| ROCE (%) | (180.75) | 16.12 | 9.47 |
| EBITDA (%) | 38.29 | 25.59 | 3.98 |
| Debt/Equity | (3.08) | – | 0.66 |
Company Promoters
- J. K. Traders Limited
- Mr. Abhishek Singhania
- Mr. Vipul Prakash
- Ms. Tina Prakash
Promoter Holding
| Pre Issue Share Holding | 95.50% |
| Post Issue Share Holding | 69.97% |
Diensten Tech Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 29 June 2024 | 27 | – | 24,500 |
Diensten Tech IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 4,20,000 | 3,15,600 | 7,34,400 | 14,70,000 |
| 28 Jun 2024 | 9.60 | 155.34 | 35.87 | 54.01 |
| 27 Jun 2024 | 0.00 | 6.43 | 4.70 | 3.73 |
| 26 Jun 2024 | 0.00 | 1.51 | 1.37 | 1.01 |
Diensten Tech IPO Allotment Status
Diensten Tech IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
Diensten Tech IPO Listing Details
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Diensten Tech Listing Day Update
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Diensten Tech Lead Manager(s)
CORPORATE PROFESSIONALS CAPITAL PRIVATE LIMITED
D-28, South Extension Part-1, New Delhi-110049, India
Phone: 011-40622230/ 40622251
Email: dtl.ipo@indiacp.com
Website: www.corporateprofessionals.com
Diensten Tech IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 4067162222/18003094001
E-mail: dtl.ipo@kfintech.com
Website: www.kfintech.com
Diensten Tech Contact Details
DIENSTEN TECH LIMITED
F-3, Sector-3, Noida, Uttar Pradesh-201301, India
Phone: 011-40562187
E-mail: cs@jkdtl.com
Website: www.dienstentech.com
Diensten Tech IPO FAQs
What is the Diensten Tech offer size?
Diensten Tech offer size is INR 20.98 – 22.08 crores.
What is the Diensten Tech offer price band?
Diensten Tech public offer price is ₹ 95 – 100 per share.
What is the lot size of the Diensten Tech Offer?
Diensten Tech offer a lot size is 1,200 shares.
What is Diensten Tech Offer GMP today?
Diensten Tech IPO GMP today is ₹ 27 per share.
What is the Diensten Tech kostak rate today?
Diensten Tech kostak rate today is ₹ NA per application.
What is Diensten Tech Subject to the Sauda rate today?
Diensten Tech is Subject to the Sauda rate today is ₹ 24,500 per application.
Final thoughts
Diensten Tech IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
