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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 ₹100.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,14,000 (1200 shares). The minimum lot size investment for 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 Date | June 26, 2024 to June 28, 2024 |
| Listing Date | July 3, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹100 per share |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,08,000 shares (aggregating up to ₹22.08 Cr) |
| Reserved for Market Maker | 1,10,400 shares Share India Securities Ltd. (aggregating up to ₹1.10 Cr) |
| Net Offered to Public | 20,97,600 shares (aggregating up to ₹20.98 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 60,52,646 shares |
| Share Holding Post Issue | 82,60,646 shares |
Diensten Tech IPO offers total 22,08,000 shares. Out of which 10,47,600 (47.45%) allocated to QIB, 4,20,000 (19.02%) allocated to QIB, 3,15,600 (14.29%) allocated to NII, 7,34,400 (33.26%) allocated to RII and 6,27,600 (28.42%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,10,400 (5.00%) |
| QIB Shares Offered | 10,47,600 (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 (14.29%) |
| Retail Shares Offered | 7,34,400 (33.26%) |
| Total Shares Offered | 22,08,000 (100.00%) |
Diensten Tech IPO raises ₹6.28 crore from anchor investors. Diensten Tech IPO Anchor bid date is June 25, 2024. Diensten Tech IPO Anchor Investors list
| Bid Date | June 25, 2024 |
| Shares Offered | 6,27,600 |
| Anchor Portion Size (In Cr.) | 6.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 29, 2024 |
Diensten Tech IPO opens on June 26, 2024, and closes on June 28, 2024.
| IPO Open Date | Wed, Jun 26, 2024 |
| IPO Close Date | Fri, Jun 28, 2024 |
| Tentative Allotment | Mon, Jul 1, 2024 |
| Initiation of Refunds | Tue, Jul 2, 2024 |
| Credit of Shares to Demat | Tue, Jul 2, 2024 |
| Tentative Listing Date | Wed, Jul 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 28, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Diensten Tech Limited's revenue increased by 4813.51% and profit after tax (PAT) rose by 1007.59% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,019.89 | 1,504.81 | 203.66 | 370.24 |
| Total Income | 2,620.92 | 3,760.31 | 76.53 | 525.06 |
| Profit After Tax | -171.70 | 16.06 | 1.45 | 117.07 |
| Net Worth | 253.34 | 425.05 | 139.99 | -111.72 |
| Reserves and Surplus | -351.92 | -180.21 | -196.27 | -197.72 |
| Total Borrowing | 1,847.67 | 280.00 | 344.12 | |
| Amount in ₹ Lakhs | ||||
| KPI | Values |
|---|---|
| ROE | -67.50% |
| ROCE | -20.74% |
| Debt/Equity | 7.29 |
| RoNW | -67.77% |
The objects of the Issue are:
[Dilip Davda] The company is engaged in a highly competitive and fragmented segment of IT solutions and related services. It has posted inconsistency in its financial performance and based on its FY24 losses, the issue has a negative P/E. Its NAV too is negative. There is no harm in skipping this highly risky bet. Read detail review...
| Listing Date | July 3, 2024 |
| BSE Script Code | |
| NSE Symbol | DTL |
| ISIN | INE0JRD01019 |
| Final Issue Price | ₹100 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹240.00 |
| Low | ₹240.00 |
| High | ₹252.00 |
| Last Trade | ₹252.00 |
Diensten Tech Ltd.
7 th Floor, A-2,
L.S.C., Masjid Moth,
Greater Kailash-II
Delhi, New Delhi, 110048
Phone: 011-40562187
Email: cs@jkdtl.com
Website: http://www.dienstentech.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: dtl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Diensten Tech IPO is a SME IPO of 22,08,000 equity shares of the face value of ₹10 aggregating up to ₹22.08 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on June 26, 2024, and closes on June 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 June 26, 2024 and closes on June 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 Tuesday, July 2, 2024. Check the Diensten Tech IPO allotment status.
The Diensten Tech IPO listing date is on Wednesday, July 3, 2024.
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