Diensten Tech Limited IPO Detail
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:
- IT support and consulting services: Under this framework, the company provides comprehensive IT professional resourcing, IT consulting, and software AMC services in various industries, namely information technology, banking and finance, automotive and engineering, telecommunications, healthcare, retail and entertainment.
- Corporate training services: In this area, the company offers both technical and soft skills-based training services. These include ERP and business application training, behavioral training, induction/onboarding training, domain-specific training, training and deployment, CSR implementation programs, disaster and safety management training, learning solutions, and educational tourism.
As of December 31, 2023, the company had 458 employees.
Company Promoters
J. K. Traders Limited, Mr. Abhishek Singhania, Mr. Vipul Prakash, and Ms. Tina PrakashIPO Details
| IPO Opening Date | Jun 26, 2024 |
| IPO Closing Date | Jun 28, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 - 100 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹22.08 Cr |
| Fresh Issue | ₹22.08 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 1.54x | 1.48x | 1.07x |
| Day 2 | 0.00x | 0.00x | 0.00x | 6.08x | 4.80x | 3.71x |
| Day 3 | 9.60x | 0.00x | 0.00x | 154.99x | 35.87x | 53.94x |
IPO Tentative Timetable
The Diensten Tech Limited IPO open date is Jun 26, 2024, and the close date is Jun 28, 2024. The issue may list on Jul 03, 2024.
| IPO Open Date | Jun 26, 2024 |
| IPO Close Date | Jun 28, 2024 |
| Basis of Allotment Date | Jul 01, 2024 |
| Initiation of Refunds | Jul 02, 2024 |
| Credit of Shares to Demat Account | Jul 02, 2024 |
| IPO Listing Date | Jul 03, 2024 |
IPO Lot Size
The Diensten Tech Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹120000 |
| Maximum | 1 | 1200 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 95.50% |
| Post Issue Share Holding | 69.97% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 370.24 | 525.06 | 117.07 |
| 31-Mar-22 | 203.66 | 76.53 | 1.45 |
| 31-Mar-23 | 1504.81 | 3760.31 | 16.06 |
| 31-Dec-23 | 3019.89 | 2620.92 | -171.70 |
Objects of the Issue:
The objects of the Issue are:
- Payment of liability raised against outstanding payment of consideration for "Professional Services and Training Division" business acquired from J K Technosoft Limited, vide Business Transfer Agreement Dated April 30, 2022.
- To meet the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Diensten Tech Limited IPO Registrar:
KFin Technologies Limited
Diensten Tech Limited IPO Lead Manager(s):
Corporate Professionals Capital Private Ltd
Company Contact Information:
Diensten Tech Limited
7 th Floor, A-2,
L.S.C., Masjid Moth,
Greater Kailash-II, New Delhi – 110048
