Diensten Tech Ltd IPO
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Diensten Tech Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 22.08 L | TBA | ₹ 7.34 L | ₹ 57.8 L | NSE | ₹ 22.08 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 26 Jun, 24 | 28 Jun, 24 | 1200 | ₹ 1,14,000 | Book Building - SME | 03 Jul, 24 |
Diensten Tech Ltd IPO Dates
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* | Shares Bid* |
|---|---|---|---|
| QIB | 3.85x | 1047600 | 4033200 |
| NII | 155.34x | 315600 | 49024800 |
| Retail | 35.87x | 734400 | 26342400 |
| Employee | 0x | 0 | 0 |
| Total | 35.96x | 2208000 | 79400400 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Diensten Tech Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | -2.50 | 1.39 | 0.06 |
| EBITDA | -1.62 | 2.56 | 0.06 |
| PAT | -2.37 | 0.16 | 0.01 |
| Total Assets | 16.01 | 9.51 | 1.06 |
| Share Capital | 6.05 | 6.05 | 3.36 |
| Total Borrowings | 10.85 | 3.55 | 0.23 |
| Operating Activities (Net Cash) | -1.49 | 1.33 | 0.01 |
| Investing Activities (Net Cash) | -0.19 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 10.85 | 3.55 | 0.23 |
| Net Cashflow | 0.38 | 0.62 | 0.22 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- ANI Integrated Services Ltd
- Integrated Personnel Services Ltd
Diensten Tech Ltd IPO 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.
- 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.
How To Apply for Diensten Tech Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.