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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 bidding started from June 26, 2024 and ended on June 28, 2024. The allotment for the Diensten Tech IPO is expected to be finalized on Monday, July 1, 2024. Diensten Tech IPO will list on NSE SME with tentative listing date fixed as Wednesday, July 3, 2024.
Diensten Tech IPO price band is set at ₹95 to ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.
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. The market maker for Diensten Tech IPO is Share India Securities.
Refer to Diensten Tech IPO RHP for detailed information.
| 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 |
| Share holding pre issue | 6,052,646 |
| Share holding post issue | 8,260,646 |
| Market Maker portion | 110,400 shares Share India Securities |
Diensten Tech IPO offers 2,208,000 shares. 420,000 (19.02%) to QIB, 315,600 (14.29%) to NII, 734,400 (33.26%) to RII and 627,600 (28.42%) to Anchor investors.
| 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 IPO raises Rs 6.28 crore from anchor investors. Diensten Tech IPO Anchor bid date is June 25, 2024. Diensten Tech IPO Anchor Investors list
| 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 |
Diensten Tech IPO opens on June 26, 2024, and closes on June 28, 2024.
| 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 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
| Lot Size Calculator | |||
J. K. Traders Limited, Mr. Abhishek Singhania, Mr. Vipul Prakash, and Ms. Tina Prakash are the promoters of the company.
| Share Holding Pre Issue | 95.50% |
| Share Holding Post Issue | 69.97% |
Diensten Tech Limited, formerly known as 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:
As of December 31, 2023, the company had 458 employees.
Diensten Tech Limited's revenue increased by 4813.51% and profit after tax (PAT) rose by 1007.59% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | ||||
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | -67.50% |
| ROCE | -20.74% |
| Debt/Equity | 7.29 |
| RoNW | -67.77% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.29 |
The objects of the Issue are:
[Dilip Davda] The company is engaged in a highly competitive and fragmented segment of IT solutions and related services. 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. Read detail review...
The Diensten Tech IPO is subscribed 53.94 times on June 28, 2024 6:19:55 PM. The public issue subscribed 35.87 times in the retail category, 9.60 times in the QIB category, and 154.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 9.60 |
| NII | 154.99 |
| Retail | 35.87 |
| Total | 53.94 |
Total Application : 21,952 (35.87 times)
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: dtl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Check our SME IPO Guide 
Diensten Tech IPO is a SME IPO of 2,208,000 equity shares of the face value of ₹10 aggregating up to ₹22.08 Crores. The issue is priced at ₹95 to ₹100 per share. The minimum order quantity is 1200 Shares.
The IPO opens on June 26, 2024, and closes on June 28, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Diensten Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Diensten Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Diensten Tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Diensten Tech IPO opens on June 26, 2024 and closes on June 28, 2024.
Diensten Tech IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
You can apply in Diensten Tech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Diensten Tech IPO will be done on Monday, July 1, 2024, and the allotted shares will be credited to your demat account by Tuesday, July 2, 2024. Check the Diensten Tech IPO allotment status.
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