Bookbuilding IPO | ₹22 Cr | Listed at NSE SME | Wed, Jun 26, 2024 - Fri, Jun 28, 2024
Diensten Tech IPO is a book build issue of ₹22.08 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹22.08 crore.
Diensten Tech IPO bidding started from Jun 26, 2024 and ended on Jun 28, 2024. The allotment for Diensten Tech IPO was finalized on Jul 1, 2024. The shares got listed on NSE SME on Jul 3, 2024.
Diensten Tech IPO price band is set at ₹100 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,20,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Corporate Professionals Capital Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Refer to Diensten Tech IPO RHP for detailed Information.
IPO Open
Wed, Jun 26, 2024
IPO Close
Fri, Jun 28, 2024
Issue Price
₹100 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 26 to 28 Jun, 2024 |
| Listed on | Wed, Jul 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 22,08,000 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 1,10,400 shares Share India Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 20,97,600 shares (agg. up to ₹21 Cr) |
| Net Offered to Public | 20,97,600 shares (agg. up to ₹21 Cr) |
| Share Holding Pre Issue | 60,52,646 shares |
| Share Holding Post Issue | 82,60,646 shares |
| NSE Symbol | DTL |
| ISIN | INE0JRD01019 |
Diensten Tech IPO comprises a total issue size of 22,08,000 shares. The net offer to the public is 20,97,600 shares, after excluding 1,10,400 shares allotted on a firm basis. Of the Net offer 10,47,600 (49.94%) are allocated to QIB, 3,15,600 (15.05%) allocated to NII 7,34,400 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 10,47,600 | 49.94% | 47.45% |
| − Anchor Investor Shares Offered | 6,27,600 | 28.42% | |
| − QIB (Ex. Anchor) Shares Offered | 4,20,000 | 19.02% | |
| NII (HNI) Shares Offered | 3,15,600 | 15.05% | 14.29% |
| Retail Shares Offered | 7,34,400 | 35.01% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,10,400 | 5.00% | |
| Total Shares Offered | 22,08,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Diensten Tech IPO raises ₹6.28 crore from anchor investors. Diensten Tech IPO Anchor bid date is June 25, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jun 25, 2024 |
| Shares Offered | 6,27,600 |
| Anchor Portion (₹ Cr.) | 6.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jul 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Sep 29, 2024 |
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:
As of December 31, 2023, the company had 458 employees.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 30.20 | 15.05 | 2.04 | 3.70 |
| Total Income | 26.21 | 37.60 | 0.77 | 5.25 |
| Profit After Tax | -1.72 | 0.16 | 0.01 | 1.17 |
| NET Worth | 2.53 | 4.25 | 1.40 | -1.12 |
| Reserves and Surplus | -3.52 | -1.80 | -1.96 | -1.98 |
| Total Borrowing | 18.48 | 2.80 | 3.44 | |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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. | 3.81 |
| 2 | Working Capital Requirement | 11.77 |
| 3 | General Corporate Purposes | 3.58 |
| 4 | Issue Expenses | 2.92 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | -67.50% |
| ROCE | -20.74% |
| Debt/Equity | 7.29 |
| RoNW | -67.77% |
| PAT Margin | 0.43% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.29 | |
| P/E (x) | 344.83 | |
| Promoter Holding | 95.50% | 69.97% |
The Diensten Tech IPO is subscribed 53.94 times on June 28, 2024 6:19:55 PM (Day 3). The public issue subscribed 35.87 times in the retail category, 9.6 times in the QIB category, and 154.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 9.6 | 4,20,000 | 40,33,200 |
| NII* | 154.99 | 3,15,600 | 4,89,14,400 |
| Retail | 35.87 | 7,34,400 | 2,63,42,400 |
| Total | 53.94 | 14,70,000 | 7,92,90,000 |
Total Application : 21,952
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Runing Lead Managers Fees | 0.33 |
| 2 | Fees payable to RTA, Auditor, Legal Advisor & Other professionals | 0.08 |
| 3 | Fees Payable for Advertising, Marketing Expense, and Printing Expenses | 1.15 |
| 4 | Fee Payable to regulators including stock exchange and depositories. | 0.05 |
| 5 | Fees payable to Market Maker | 0.07 |
| 6 | Others (Fees payable for distributing expenses, brokerage, processing fee, underwriting fees and miscellaneous expenses) | 1.20 |
| 7 | Escrow Bank Fees | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹240.00 |
| Low | ₹240.00 |
| High | ₹252.00 |
| Last Trade | ₹252.00 |
Lead Manager Reports
Diensten Tech IPO is a SME IPO of 22,08,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Jun 26, 2024, and closes on Fri, Jun 28, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Diensten Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Diensten Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Diensten Tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Diensten Tech IPO opens on Wed, Jun 26, 2024 and closes on Fri, Jun 28, 2024.
Diensten Tech IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in Diensten Tech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Diensten Tech IPO will be done on Monday, July 1, 2024, and the allotted shares will be credited to your demat account by Tue, Jul 2, 2024. Check the Diensten Tech IPO allotment status.
The Diensten Tech IPO listing date is on Wed, Jul 3, 2024.
