21-Jun-2024
2 mins read
Diensten Tech IPO is open for subscription starting Wednesday, June 26, 2024, and closing on Friday, June 28, 2024. The price of this upcoming IPO is decided at Rs 95 - Rs 100 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,20,000 ( 100 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,40,000 (100 x 2400 shares). Diensten Tech IPO is a fixed price issue of Rs 22.08 crores. This upcoming IPO is entirely a fresh issue of 22.08 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, July 1, 2024. Diensten Tech IPO will be listed on NSE SME, and the listing date is fixed on Wednesday, July 3, 2024. The book-running lead manager of Diensten Tech IPO is Corporate Professionals Capital Private Limited. The registrar for this IPO is Kfin Technologies Private Limited. The market maker for this IPO is Share India Securities.
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About Diensten Tech Limited
Diensten Tech Limited, formerly known as JKT Consulting Limited, has been operating since 2007 in the IT sector. Diensten offers various services, including IT staffing, consulting, training, and software maintenance. Their expertise spans multiple industries such as banking, automotive, telecom, healthcare, and retail. Diensten Tech's corporate training division provides both technical and soft skills programs, covering areas like ERP applications, behavioural training, onboarding, and industry-specific courses. As of early 2024, the company employed 458 people, demonstrating its growth in the information technology services and training market.
Objectives of Diensten Tech Limited
The objectives are payment of liability raised against outstanding payment of consideration for professional services and Training Division. Additionally, the money will be allocated to meet the day-to-day capital requirements, general corporate purposes and to meet the issue expenses.
Financials of Diensten Tech Limited (Amt in Rs Lakhs)
Diensten Tech posted revenue of Rs 1,036.62 lakhs and net profit of Rs 86.98 lakhs for the period ending on 31 Jan 2024. Earlier, in the period ending on 31 March 2022, the firm reported a revenue of Rs 1,656.59 lakhs and PAT of Rs 103.92 lakhs.
|
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 |
Other Important Details of Diensten Tech IPO
|
IPO Date |
June 26, 2024 to June 28, 2024 |
|
Listing Date |
July 3, 2024 |
|
Face Value |
Rs 10 per share |
|
Price Band |
Rs 95 to Rs 100 per share |
|
Lot Size |
1200 Shares |
|
Total Issue Size |
2,208,000 shares amounting to Rs 22.08 crore |
|
Fresh Issue |
2,208,000 shares amounting to Rs 22.08 crore |
|
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 Share India Securities |
Time-Table of Diensten Tech IPO
|
IPO Open Date |
Wednesday, June 26, 2024 |
|
IPO Close Date |
Friday, June 28, 2024 |
|
Basis of Allotment |
Monday, July 1, 2024 |
|
Initiation of Refunds |
July 2, 2024 |
|
Credit of Shares to Demat |
Tuesday, July 2, 2024 |
|
Listing Date |
July 3, 2024 |
|
Cut-off time for UPI mandate |
5 PM on June 28, 2024 |
Lot Size of Diensten Tech IPO
|
Application |
Lots |
Shares |
Amount |
|
Retail - minimum |
1 |
1200 |
Rs 120,000 |
|
Retail - maximum |
1 |
1,200 |
Rs 120,000 |
|
HNI - minimum |
2 |
2,400 |
Rs 240,000 |
IPO Reservation of Diensten Tech Limited
|
Investor Category |
Shares Offered |
|
QIB Shares |
Not more than 50 percent |
|
Retail Shares |
Not less than 35 percent |
|
NII Shares |
Not less than 15 percent |
Performance Indicator of Diensten Tech Limited
|
Performance Indicator |
Values |
|
ROE |
-67.50% |
|
ROCE |
-20.74% |
|
Debt/Equity |
7.29 |
|
RoNW |
-67.77% |
Promoters of Diensten Tech Limited and Their Holdings
The promoters of Diensten Tech company are BJ. K. Traders Limited, Mr. Abhishek Singhania, Mr. Vipul Prakash, and Ms. Tina Prakash.
|
Shareholding Pre Issue |
95.50 percent |
|
Shareholding Post Issue |
69.97 percent |
Lead Manager(s) of Diensten Tech IPO
The lead manager for Diensten Tech IPO is Corporate Professionals Capital Private Limited.
How do you apply for the Diensten Tech IPO?
Wait for the public issue to open for subscription, then click here to apply for the Diensten Tech Limited IPO with Bigul.
How do you check the allotment status of Diensten Tech IPO?
Kfin Technologies Private Limited is the registrar for Diensten Tech IPO. To check your allotment status, please click here.
FAQs
1. What are the details of the Diensten Tech IPO?
Diensten Tech IPO is a fixed price issue of Rs 22.08 crores. This upcoming IPO is entirely a fresh issue of 22.08 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, July 1, 2024.
2. Who are the lead managers for the Diensten Tech Limited IPO?
Corporate Professionals Capital Private Limited is appointed as the lead manager for the IPO.
3. What is the role of Kfin Technologies Private Limited in this IPO?
Kfin Technologies Private Limited is the registrar for Diensten Tech Limited, handling the IPO's administrative aspects.
4. How can I apply for the Diensten Tech IPO?
The public subscription of this new IPO will open on June 26, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The objectives are payment of liability raised against outstanding payment of consideration for professional services and Training Division. Additionally, the money will be allocated to meet the day-to-day capital requirements, general corporate purposes and to meet the issue expenses.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Diensten Tech Limited IPO by visiting here. For further updates follow Bigul.
7. What is the financial performance of Diensten Tech Limited?
Diensten Tech posted revenue of Rs 1,036.62 lakhs and net profit of Rs 86.98 lakhs for the period ending on 31 Jan 2024. Earlier, in the period ending on 31 March 2022, the firm reported a revenue of Rs 1,656.59 lakhs and PAT of Rs 103.92 lakhs.
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