Diensten Tech IPO Review

 
Diensten Tech IPO Review

IPO Open Date: June 26, 2024

IPO Close Date: June 28, 2024

IPO Price: ₹95 to ₹100 per share

Lot Size: 1200 Shares

Listing: July 3, 2024

Diensten Tech is scheduled to hit the market on June 26, 2024 and close on June 28, 2024. Diensten Tech plans to raise around ₹22.08 Cr through an IPO with a sale of up to 2,208,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Diensten Tech Limited, previously known as JKT Consulting Limited, was established in 2007. The company specializes in providing a range of information technology (IT) services such as IT professional resourcing, consulting, training, and software AMC services across various sectors including IT, banking, automotive, telecommunications, healthcare, retail, and entertainment. With a workforce of 458 employees as of December 31, 2023, Diensten Tech Limited is dedicated to delivering comprehensive IT support and consulting solutions tailored to meet the diverse needs of its clients.

Offering a diverse set of services, Diensten Tech Limited not only provides IT support and consulting but also excels in corporate training services. These training programs cover technical and soft skills, including ERP and business applications training, behavioral training, domain-specific training, CSR implementation, disaster management, and educational tourism. By focusing on both technical expertise and personal development, Diensten Tech Limited aims to empower individuals and organizations with the knowledge and skills necessary to thrive in today's dynamic business landscape.

Diensten Tech


Diensten Tech IPO Details

Diensten Tech IPO opens on June 26, 2024, and closes on June 28, 2024. The Listing date for Diensten Tech IPO is on July 03, 2024. The price band for IPO is ₹95 to ₹100 per share and lot size of 1200 Shares.

IPO DateJune 26, 2024 to June 28, 2024
Listing DateJuly 03, 2024
Price₹95 to ₹100 per share
Lot Size1200 Shares
Issue Size₹22.08 Cr
Face Value₹10 per share

Diensten Tech IPO Tentative Timetable

Diensten Tech opening date is June 26, 2024 and close date is June 28, 2024. The IPO allotment date is July 01, 2024. The refund initiation of IPO is on July 02, 2024. The credit of shares in demat account is on July 02, 2024. The listing date is on July 03, 2024.

EventDate
IPO OpeningJune 26, 2024
IPO ClosingJune 28, 2024
IPO Allotment DateJuly 01, 2024
Refund InitiationJuly 02, 2024
Shares Credit to DematJuly 02, 2024
Lisiting DateJuly 03, 2024

Diensten Tech IPO Lot Size

Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120,000).

CategoryLotsSharesAmount
Retail(Minimum)11200₹120,000
Retail(Maximum)11200₹120,000
S-HNI (Minimum)22400₹240,000

Diensten Tech IPO Promoter Holding

Pre Issue Share Holding95.50%
Post Issue Share Holding69.97%

Diensten Tech IPO Review

DTL's financial performance has shown significant volatility over the past few years. For FY21, the company reported a total income of Rs. 5.25 crore and a net profit of Rs. 1.17 crore. In FY22, revenue dropped to Rs. 0.77 crore with a marginal profit of Rs. 0.01 crore. FY23 saw a significant increase in revenue to Rs. 37.60 crore but only a modest profit of Rs. 0.16 crore. For the nine months ending December 31, 2023, DTL posted a net loss of Rs. 1.72 crore on a total income of Rs. 26.21 crore, indicating ongoing financial instability. For the last three fiscals, DTL reported an average EPS of Rs. 2.47 and an average RoNW of -15.23%. The issue is priced at a P/BV of 23.87 based on its NAV of Rs. 4.19 as of December 31, 2023. However, the post-IPO NAV information is missing. With ongoing negative earnings, the IPO has a negative P/E ratio, making it a high-risk investment.

DTL’s IPO aims to raise Rs. 22.08 crore by issuing 2,208,000 equity shares at a price band of Rs. 95 – Rs. 100 per share. The proceeds will be used to pay liabilities from the JK Technosoft business transfer agreement (Rs. 3.81 crore), working capital (Rs. 11.77 crore), and general corporate purposes. Post-IPO, the company’s paid-up equity capital will increase from Rs. 6.05 crore to Rs. 8.26 crore, targeting a market capitalization of Rs. 82.61 crore at the upper price band. The issue constitutes 26.73% of the post-IPO paid-up capital. The IPO is managed by Corporate Professionals Capital Pvt. Ltd., with KFin Technologies Ltd. as the registrar. Share India Securities Ltd. is the market maker for the company. The IPO is underwritten 15% by Corporate Professionals and up to 85% by Share India Capital Services Pvt. Ltd.

Diensten Tech Ltd. operates in a highly competitive and fragmented IT consultancy and services sector. Despite having a notable client base, the company's financial performance has been inconsistent, with significant losses reported in the most recent fiscal period. The IPO is aggressively priced, and with negative earnings, it presents a high-risk investment opportunity. The company's substantial carried forward losses add to the financial uncertainty. Given the volatile financial performance, high valuation, and negative earnings, it would be prudent for investors to approach this IPO with caution. The risks associated with the investment, combined with the company's inconsistent financial track record, suggest that it may be best to skip this high-risk, pricey offer.

Diensten Tech IPO Subscription Status (Bidding Details)

Table not found

Diensten Tech IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Diensten Tech IPO FAQs

What is Diensten Tech IPO?

Diensten Tech is issuing 2,208,000 equity shares with a face value of ₹10 each, totaling up to ₹22.08 Cr. The shares are being offered at a price of ₹95 to ₹100 each, with a minimum order quantity of 1200 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Diensten Tech IPO will open?

Diensten Tech will open on June 26, 2024 for QIB, NII, and Retail Investors.

When Diensten Tech IPO will end?

Diensten Tech will end on June 28, 2024.

What is Diensten Tech IPO Size?

Diensten Tech IPO size is 22.08 Cr.

What is Diensten Tech IPO Price Band?

Diensten Tech price band is ₹95 to ₹100 per share.

What is the Diensten Tech Steel IPO Allotment Date?

Diensten Tech allotment date is July 01, 2024.

What is the Diensten Tech IPO Listing Date?

Diensten Tech listing date is July 03, 2024. The IPO is to be listed on BSE and NSE.

How to Diensten Tech IPO through Zerodha?

To apply for the IPO “Diensten Tech” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Diensten Tech IPO through Upstox?

To apply for the IPO “Diensten Tech” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Diensten Tech IPO Allotment Status?

For Diensten Tech IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Diensten Tech IPO GMP?

You can check out here: Diensten Tech IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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