Diensten Tech Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Diensten Tech Ltd IPO

We started our business under the name of JKT Consulting Limited with consulting services in the area of SAP Software/ SAP Training Centers and Domain Consulting Services. From the year 2014-15 onwards, we started shifting our business focus towards Information Technology Consultancy, Training, Software Sale, Software AMC and related services as our core business. To further strengthen the said domain, our Company entered into a Business Transfer Agreement dated April 30, 2022 with JK Technosoft Limited. Pursuant to this Agreement, we have acquired Professional Services & Training (PS & T) business from JK Technosoft Limited with effect from April 01, 2022.

Diensten Tech Ltd IPO Details

Total Shares Offered

₹ 22,08,000

Offer to Public

TBA

Retail Max (Shares)

₹ 7,34,400

Pre Issue Promoters Holding

₹ 57,80,271

Exchange

NSE

Issue size

₹ 22.08 Cr

IPO Open Date

Jun 26, 2024

Close Date

Jun 28, 2024

Lot Size

1200

Min Investment

₹ 1,14,000

Issue Type

Book Building - SME

Listing Date

Jul 3, 2024

Diensten Tech Ltd IPO Dates

Jun 26, 2024

Opening date

Jun 28, 2024

Closing date

Jul 1, 2024

Basis of Allotment

Jul 2, 2024

Initiation of Refunds

Jul 2, 2024

Credit of Shares

Jul 3, 2024

Listing date

Details

Sector	Type
Sector	Computers - Software - Medium
Sub Sector	Small
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	1047600
NII	0x	315600
Retail	0x	734400
Employee	0x	0
Total	0x	2208000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1047600

315600

734400

2208000

Diensten Tech Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	-0.65	-3.11	1.39
EBITDA	1.55	-2.44	2.56
PAT	-2.12	-2.79	0.16
Total Assets	31.93	16.88	9.51
Share Capital	8.26	6.05	6.05
Total Borrowings	12.92	11.76	3.55
Operating Activities (Net Cash)	0.08	-2.12	1.33
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	12.92	11.76	3.55
Net Cashflow	10.81	0.38	0.62

About Diensten Tech Ltd

Our Company was originally incorporated as a public company under the Companies Act, 1956 in the name and style of JKT Consulting Limited bearing Corporate Identification Number U74140DL2007PLC160160 dated March 06, 2007, issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Subsequently the name of our Company was changed to Diensten Tech Limited pursuant to fresh certificate of incorporation issued by the Registrar of Companies, Delhi, dated May 11, 2021.

The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country's GDP and public welfare. The IT industry accounted for 7.4% of India's GDP in FY22, and it is expected to contribute 10% to India's GDP by 2025. Cumulatively, ISF's over 110 member companies added 2.32 lakh jobs in the past four quarters, i.e. during the period from October 2022 to September 2023, which includes the 78,000 new jobs in July-September, it stated. As on September 30, 2022, ISF member companies represented 14 lakh flexi staffing workers. Lohit Bhatia, President, ISF said the Indian staffing industry anticipated a steep rise in demand during the first lockdown-free festive season and provided the formal workforce the different industries required. Overall industry shows resilient growth with new employment mobilized in July-September (2022) at 20 per cent year-on-year.

Peer Comparison:

ANI Integrated Services Ltd
Integrated Personnel Services Ltd

Diensten Tech Ltd Key Points

Strengths

Our clientele is diversified into various industries.

We have Pan-India presence and our business is significantly scalable.

We provide quality assured services and keep significant focus on customer satisfaction.

We have experienced management which is supported by skilled professionals.

Risk

Presently the Company, its Promoters, its Directors and its Group Companies/Entities are involved in certain civil proceedings and certain other tax related proceedings and any adverse decision in such proceedings may render it liable to liabilities and penalties and may adversely affect its business and results of operations.

The company top ten customers contribute approximately 90% of its revenues for the financial period ended September 30, 2022. Any loss of business from one or more of them may adversely affect its revenues and profitability.

Significance of recruiting, training and retaining qualified and experienced personnel who meet the IT Professional Services requirements of its clients may adversely affect the company reputation, business prospects and future financial performance.

Strategy

Focus on cost management.

Focus on cordial relationship with our customer and employees.

How To Apply for Diensten Tech Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Diensten Tech Ltd IPO?

Diensten Tech Ltd's IPO offers shares for up to 22.08 It begins on Jun 26, 2024 and ends on Jun 28, 2024.

What is the price of the Diensten Tech Ltd IPO?

The price of Diensten Tech Ltd IPO ranges between ₹95 to ₹100 per share.

What are the open and close dates for the Diensten Tech Ltd IPO?

The Diensten Tech Ltd IPO opens on Jun 26, 2024 and closes on Jun 28, 2024.

When will the Diensten Tech Ltd IPO be allotted?

The allotment for the Diensten Tech Ltd IPO will be finalised on Jul 1, 2024. The shares will be listed on BSE and NSE on Jul 3, 2024.

What is the minimum lot size required for Diensten Tech Ltd IPO?

The minimum lot size for Diensten Tech Ltd IPO is 1200 shares, priced between ₹95 to ₹100 per share.

What is the GMP of Diensten Tech Ltd IPO?

The GMP (Grey Market Premium) of Diensten Tech Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Diensten Tech Ltd IPO?

To check the allotment status of Diensten Tech Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Diensten Tech Ltd IPO getting listed?

The Diensten Tech Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 26, 2024, and closes on Jun 28, 2024. The allotment is finalised on Jul 1, 2024.

How do you apply for the Diensten Tech Ltd IPO?

To apply for the Diensten Tech Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.