Diensten Tech IPO
IPO Listing Details
- Listing Date
03 Jul 2024
- Listing Price
₹ 240.00
- Listing Change
140.00%
- Last Traded Price
₹ 158.25
IPO Details
- Open Date
26 Jun 2024
- Close Date
28 Jun 2024
- IPO Price Range
₹ 95 to ₹ 100
- IPO Size
₹ 22.08 Cr
- Listing Exchange
NSE SME
- Listing Date
03 Jul 2024
IPO Timeline
Diensten Tech IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 26-Jun-24 | 0.00 | 1.54 | 1.48 | 1.07 |
| 27-Jun-24 | 0.00 | 6.08 | 4.80 | 3.71 |
| 28-Jun-24 | 9.60 | 154.99 | 35.87 | 53.94 |
Last Updated: 31 July 2024 5:32 PM by 5Paisa
Last Updated: 28th June 2024, by 5paisa
Diensten Tech IPO is all set to open from 26th June to 28th June 2024. The company operates in the Information Technology industry. The IPO includes a fresh issue of 2,208,000 shares worth ₹22.08 cr. The share allotment date is 1st July 2024, and the IPO will be listed on 3rd July 2024 on the stock exchanges. The price band is ₹95 to ₹100 and the lot size is 1200 shares.
Corporate Professionals Capital Private Limited is the book-running lead manager for this IPO, while Kfin Technologies Limited is the registrar.
Objectives of Diensten Tech IPO
Diensten Tech Limited plans to utilize the raised capital from the IPO to:
● To fund the payment of liability for the outstanding payment of consideration for the "Professional Services and Training Division" business acquired from J K Technosoft Limited, vide Business Transfer Agreement Dated April 30, 2022.
● To fund the working capital requirement.
● General corporate purposes.
● To fund the public issue expenses.
Diensten Tech IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 22.08 |
| Offer for sale | - |
| Fresh issue | 22.08 |
Diensten Tech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2400 | ₹240,000 |
Diensten Tech IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 9.60 | 4,20,000 | 40,33,200 | 40.33 |
| NII (HNI) | 154.99 | 3,15,600 | 4,89,14,400 | 489.14 |
| Retail | 35.87 | 7,34,400 | 2,63,42,400 | 263.42 |
| Total | 53.94 | 14,70,000 | 7,92,90,000 | 792.90 |
Diensten Tech IPO Anchor Allocation
| Anchor Bid Date | 25 June, 2024 |
| Total no. of shares offered | 627,600 |
| Portion Size for Anchor Investors | 6.28 Cr. |
| Lock in Period for 50% shares (30 days) | 31 July, 2024 |
| Lock in Period for rest of shares (90 days) | 29 September, 2024 |
Diensten Tech operates in the Information Technology industry. It offers services such as Information Technology professional resourcing, IT Consultancy, IT Training and Software AMC. It works as a next-generation IT consultancy service provider. It has expertise in IT support and consultancy services related to IT Skilled Staffing Solutions, IT Training, Development and Capacity Building.
The company helps clients with end-to-end professional solutions to help them become more competitive by combining knowledge of various business sectors and innovative technologies. The company started business as JKT Consulting Limited. In 2022, Diensten acquired JK Technosoft Limited’s Professional Services & Training (PS & T) business.
Illumina Technology Solutions LLC, Mobiquest Mobile Technologies Pvt. Ltd, ONE97 Communications Limited, Thomas Cook (India) Ltd, Capgemini Technology Services India Ltd, Tata Consultancy Services Limited, Maruti Suzuki India Ltd, Schenker India Pvt Ltd, Motherson Technology Services Limited and Pepsico Global Business Services India LLP, etc. are some of the renowned clients of the company.
Peer Comparison
● ANI Integrated Services Limited
● Integrated Personnel Services Limited
For More Information
Webstory on Diensten Tech IPO
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 37.52 | 0.72 | 5.23 |
| EBITDA | 1.56 | 0.23 | 2.02 |
| PAT | 0.16 | 0.014 | 1.17 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 15.04 | 2.03 | 3.70 |
| Share Capital | 6.05 | 3.36 | 0.86 |
| Total Borrowings | 10.79 | 0.64 | 4.81 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -2.66 | 0.38 | 1.71 |
| Net cash from / (used in) investing activities | -2.09 | 0.14 | -0.01 |
| Net cash flow from / (used in) financing activities | 5.16 | -1.10 | -0.99 |
| Net increase (decrease) in cash and cash equivalents | 0.39 | -0.57 | 0.70 |
Strengths
1. The company’s clientele is diversified into various industries.
2. It has a PAN-India presence.
3. Its business model is scalable to a vast extent.
4. The company focuses on quality services and customer satisfaction.
5. Experienced promoters and management team.
Risks
1. It has reported losses in the past.
2. The company requires various approvals, NOCs, licenses, registrations and permits.
3. Any disruption, downfall, slowdown or changes in the Information Technology sector can impact the business.
4. Its business is mainly dependent on the stability of policies and the economic condition of the USA.
5. The industry is competitive.
6. It has reported negative cash flow in the past.
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FAQs
Diensten Tech IPO opens from 26th June to 28th June 2024.
The size of Diensten Tech IPO is ₹22.08 cr.
To apply for Diensten Tech IPO, follow the steps given below
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Diensten Tech IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The price band of Diensten Tech IPO is fixed at ₹95 to ₹100 per share.
The minimum lot size of Diensten Tech IPO is 1200 shares and the investment required is ₹1,14,000.
The minimum lot size of Diensten Tech IPO is 1200 shares and the investment required is ₹1,14,000.
The Diensten Tech IPO will be listed on 3rd July 2024.
The Diensten Tech IPO will be listed on 3rd July 2024.
Diensten Tech plans to utilize the raised capital from the IPO to:
● To fund the payment of liability for the outstanding payment of consideration for the "Professional Services and Training Division" business acquired from J K Technosoft Limited, vide Business Transfer Agreement Dated April 30, 2022.
● To fund the working capital requirement.
● General corporate purposes.
● To fund the public issue expenses.
Contact Information
Diensten Tech
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 Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: dtl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Diensten Tech IPO Lead Manager
Corporate Professionals Capital Private Ltd
