Diensten Tech IPO vs Petro Carbon IPO

Comparison between Diensten Tech IPO and Petro Carbon IPO.

IPO Details

Diensten Tech IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Petro Carbon IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Diensten Tech IPO is up to ₹20.98 Cr whereas the issue size of the Petro Carbon IPO is up to ₹105.80 Cr. The final issue price of Diensten Tech IPO is ₹100.00 per share and of Petro Carbon IPO is ₹171.00 per share.

 Diensten Tech IPOPetro Carbon IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share₹162.00 per share
Issue Price (Upper)₹100.00 per share₹171.00 per share
Issue Price (Final)₹100.00 per share₹171.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares800 shares
Fresh Issue Size20,97,600 shares0 shares
Fresh Issue Size (Amount)up to ₹20.98 Crup to ₹0.00 Cr
OFS Issue Size0 shares61,87,200 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹105.80 Cr
Issue Size Total20,97,600 shares61,87,200 shares
Issue Size Total (Amount)up to ₹20.98 Crup to ₹105.80 Cr

IPO Timetable

Diensten Tech IPO opens on Jun 26, 2024, while Petro Carbon IPO opens on Jun 25, 2024. The closing date of Diensten Tech IPO and Petro Carbon IPO is Jun 28, 2024, and Jun 27, 2024, respectively.

 Diensten Tech IPOPetro Carbon IPO
Anchor Bid DateJun 25, 2024Jun 24, 2024
Issue OpenJun 26, 2024Jun 25, 2024
Issue CloseJun 28, 2024Jun 27, 2024
Basis Of Allotment (Tentative)Jul 01, 2024Jun 28, 2024
Initiation of Refunds (Tentative)Jul 02, 2024Jul 01, 2024
Credit of Share (Tentative)Jul 02, 2024Jul 01, 2024
Listing date (Tentative)Jul 03, 2024Jul 02, 2024
Anchor Lockin End date 1Jul 31, 2024Jul 28, 2024
Anchor Lockin End date 2Sep 29, 2024Sep 26, 2024

Financials & KPIs

Diensten Tech IPO P/E ratio is 344.83, as compared to Petro Carbon IPO P/E ratio of 66.02.

 Diensten Tech IPOPetro Carbon IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets30.2015.052.043.70
Total Income26.2137.600.775.25
Profit After Tax-1.720.160.011.17
NET Worth2.534.251.40-1.12
Reserves and Surplus-3.52-1.80-1.96-1.98
Total Borrowing18.482.803.44
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets274.32263.79277.04159.92
Total Income447.11517.61279.91155.29
Profit After Tax70.316.735.710.12
NET Worth106.5337.5330.8025.09
Reserves and Surplus125.2855.6149.7344.90
Total Borrowing80.63175.83194.1881.82
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)95.50100.00
Promoter Shareholding (Post-Issue)69.97
P/E Ratio344.8366.02
Market Cap
ROE-67.50%
ROCE-20.74%60.36%
Debt/Equity7.290.54
EPS₹0.29
RoNW-67.77%66.00%

Shares Offered

In the Diensten Tech IPO Retail Individual Investors (RII) are offered 7,34,400 shares while in Petro Carbon IPO retail investors are offered 7,34,400 shares. Qualified Institutional Buyers (QIB) are offered 4,20,000 shares in Diensten Tech IPO and 12,36,800 shares in Petro Carbon IPO.

 Diensten Tech IPOPetro Carbon IPO
Anchor Investor Reservation6,27,600 shares18,55,200 shares
Market Maker Reservation1,10,400 shares4,30,400 shares
QIB4,20,000 shares12,36,800 shares
NII3,15,600 shares9,28,800 shares
RII7,34,400 shares21,66,400 shares
Employee0 shares
Others
Total20,97,600 shares61,87,200 shares

Bids Received (Subscription)

Diensten Tech IPO subscribed 53.94x in total, whereas Petro Carbon IPO subscribed 92.01x.

 Diensten Tech IPOPetro Carbon IPO
QIB (times)9.60x94.49x
NII (times)154.99x129.91x
Big NII (times)
Small NII (times)
RII (times)35.87x74.34x
Employee (times)
Other (times)
Total (times)53.94x92.01x

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