Diensten Tech Limited-IPO

NiftyTrader • June 26, 2024

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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

IPO Date	June 26, 2024 to June 28, 2024
Listing Date	[.]
Face Value	Rs 10 per share
Price	Rs 95 to Rs 100 per share
Lot Size	1200 Shares
Total Issue Size	2,208,000 shares (aggregating up to Rs 22.08 Cr)
Fresh Issue	2,208,000 shares (aggregating up to Rs 22.08 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE, BSE
Shareholding pre issue	6,052,646
Shareholding post issue	8,260,646
Market Maker portion	110,400 share

Diensten Tech IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1200	Rs 120,000
Retail (Max)	1	1200	Rs 120,000
S-HNI (Min)	2	2400	Rs 240,000

Diensten Tech IPO Objectives

The objectives 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 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.

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
Revenue	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

Diensten Tech IPO Timeline

IPO Open Date	Wednesday, June 26, 2024
IPO Close Date	Friday, June 28, 2024
Basis of Allotment	Monday, July 1, 2024
Initiation of Refunds	Tuesday, July 2, 2024
Credit of Shares to Demat	Tuesday, July 2, 2024
Listing Date	Wednesday, July 3, 2024
Cut-off time for UPI mandate confirmation	5 PM on June 28, 2024

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.