Diensten Tech Limited IPO Message Board (Page 3)

This Company is paying part of IPO amount raised to J K TECHNOSOFT LIMITED. The owner of the J K Technosoft is again Abhishek Singhania. So, they are transferring proceed of the IPO amount to another self owned company. Also, they changed the name of the company from JKT counsulting Ltd to Diensten Tech Ltd just before the IPO. All this looks very fishy to me. Clear avoid for me.

Statement 1.-
a.There is huge deficit in job market.
b.Many Job position is vanishing rapidly/ be redundant.
c. AI will take over?
d. Job positions in foreign countries has also decreased in last few years.

Statement 2.-
a. Many people not finding job.
b. Most are overqualified for job position, they are searching.
c. This situation will not change in next decade.

If both statements are true in current market situation, then what is use of these middle men (agency).
Even if a company throw a stone, it will hit a well qualified person.
Anyone not believing in above statements, may consider to apply here but before that also consider your risk appetite and consult a financial adviser. Personally I am not applying here.

Completelly Avoid

If you intend to apply in Diensten SME IPO. Consider the followings
1.      I am shareholder of this company, (Initially, I was in promotor group and recently volunteered to become non promotor shareholder.)
2.      This is a very old company 15-20 years old; the name is changed recently, earlier name was JK Consulting Ltd.
3.       The company made huge losses in the past and closed operations. Few years back, it was renamed to Diensten
4.      The company is promoted by JK Group, mainly by Mr. Abhishek Singhania.
5.      The company business model is to work on very thin margins, evident in the financial data. The company net worth is negligible.
6.      I will strictly advise to avoid this IPO.

I am unable to open RHP but from the information given on the company's website (shareholder pattern Sept 2023), there is no person named Rajinder Kamra as shareholder of Diensten. Are you a shareholder or you were?
Your remaining points 2 to 6 seems to be very valid (except 4 as Abhishek Singhania holds only 1 share).

​@RAJINDER KUMAR KAMRA 
Bhai, thanks for this great puzzle.
Others, answer in written all over this place.

Financials of the company looks vague.
Revenue is not steady keeps increasing and decreasing in subsequent years.
PAT is negligible and even negative in one FY
Borrowing is rocket high in last year. I would personally prefer to stay away from this IPO....Only plus point is Anchor investment.
Good luck to guys who are applying for it.