Diensten Tech IPO Allotment Status
by 5paisa Research Team
28 Jun 2024
Diensten Tech IPO Details
- Open Date 26-Jun-24
- Close Date 28-Jun-24
- Lot Size 1200
- IPO Size ₹ 22.08 Cr
- IPO Price Range ₹ 95 to ₹ 100
- Min Investment ₹ 120,000
- Listing Exchange NSE SME
- Basis of Allotment 01-Jul-24
- Refunds 02-Jul-24
- Credit to Demat Account 02-Jul-24
- Listing Date 03-Jul-24
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 |
Diensten Tech IPO Synopsis
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 |
About Diensten Tech
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
Diensten Tech Financial Status
Profit and Loss
Balance Sheet
| 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 |
Diensten Tech IPO Key Points
-
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.
Diensten Tech
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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 -
Approve the mandate request on your UPI and funds
will be blocked
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Diensten Tech IPO FAQs
When does Diensten Tech IPO opens and closes?
Diensten Tech IPO opens from 26th June to 28th June 2024.
What is the size of Diensten Tech IPO?
The size of Diensten Tech IPO is ₹22.08 cr.
How to apply for Diensten Tech IPO?
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.
What is the price band of Diensten Tech IPO?
The price band of Diensten Tech IPO is fixed at ₹95 to ₹100 per share.
What is the minimum lot size and investment required for Diensten Tech IPO?
The minimum lot size of Diensten Tech IPO is 1200 shares and the investment required is ₹1,14,000.
What is the minimum lot size and investment required for Diensten Tech IPO?
The minimum lot size of Diensten Tech IPO is 1200 shares and the investment required is ₹1,14,000.
What is Diensten Tech IPO listing date?
The Diensten Tech IPO will be listed on 3rd July 2024.
What is Diensten Tech IPO listing date?
The Diensten Tech IPO will be listed on 3rd July 2024.
What is the objective of the Diensten Tech IPO?
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 Details of Diensten Tech IPO
Contact Information
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
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