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.
