Diensten Tech Limited-IPO

Diensten Tech Limited (IPO) opens on June 26, 2024, and closes on June 28, 2024. The allotment for the Diesten tech IPO is anticipated to be completed on Monday, June 1, 2024. The IPO will be listed on the NSE and SME, with a tentative listing date set for Tuesday, July 3, 2024.

The price band for the Diensten tech IPO is set at Rs 95 to 100 per share. The IPO is a book-built issue of Rs 22.08 crores, entirely a fresh issue of 22.08 lakh shares.

Diensten Tech IPO Details

Diensten Tech IPO Lot Size

Diensten Tech IPO Objectives

The objectives of the Issue are:

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.
2. To meet the Working Capital requirements of the Company;
3. To meet the Issue Expenses.

About Dinsten Tech Limited

Diensten Tech Limited, formerly known as JKT Consulting Limited, is a global enterprise software solution, IT services, and training company. Founded in 2007, it provides professional IT resourcing, IT consulting, IT training, and software AMC services.

JKT Consulting has demonstrated experience in providing consulting, implementation of enterprise solutions, process automation, business intelligence, and mobile solutions. It is part of one of India’s largest conglomerates with a 125-year-old rich legacy, the JK Organization.

Diensten Tech Limited Financial Information

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.

Diensten Tech IPO Timeline

Conclusion

Diensten Tech Limited’s IPO will open on June 26, 2024, and close on June 28, 2024, with a price band set at Rs 95 to 100 per share. The company aims to raise Rs 22.08 crores through a fresh issue of 22.08 lakh shares, which will be listed on the NSE and SME, with a tentative listing date of July 3, 2024. The IPO proceeds will be used to pay off liabilities, meet working capital requirements, and cover issue expenses. Diensten Tech, formerly JKT Consulting Limited, has shown significant financial growth and is part of the esteemed JK Organization. The company has a history of substantial revenue and profit increases, although it faced some financial challenges in earlier years.