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Diensten Tech Limited, founded in 2007 and formerly known as JKT Consulting Limited, offers a range of IT services and training programs. Their services include IT support and consulting across various sectors like banking, finance, healthcare, and more. They also provide corporate training in both technical skills, such as ERP and business applications, and soft skills, including behavioral training and disaster management. Additionally, they offer specialized programs like induction training, domain-specific training, and educational tourism.
Diensten Tech IPO Overview
Diensten Tech is planning to raise ₹22.08 crores through IPO, the entire IPO is a fresh issue and the price band is ₹95 -₹100. The IPO will be open from June 26 to June 28. Share allotment is expected to be completed by July 1, 2024 and shares are scheduled to be listed on NSE SME segment by July 3, 2024.
Currently, Diensten Tech’s promoters own 95.50% of the company however promoters holding will decrease post listing to 69.97%. For the IPO Kfin Technologies will handle the IPO registration.
Diensten Tech IPO GMP
As of June 26, Diensten Tech IPO has a Grey Market Premium of ₹0. With the upper price band set at ₹100, the estimated listing price is ₹100 (Upper price band + today’s GMP). Indicating a gain of 0% per share.
Stay tuned with Trade Target for daily updates on Diensten Tech IPO GMP and the expected listing price.
- Date: 1– July – 2024
- Diensten Tech GMP: ₹45 (45%)
- Date: 30– June – 2024
- Diensten Tech GMP: ₹30 (30%)
- Date: 29– June – 2024
- Diensten Tech GMP: ₹30 (30%)
- Date: 28– June – 2024
- Diensten Tech GMP: ₹30 (30%)
- Date: 27– June – 2024
- Diensten Tech GMP: ₹0 (0%)
- Date: 26– June – 2024
- Diensten Tech GMP: ₹0 (0%)
How can one apply for Diensten Tech IPO?
For retail investors minimum investment starts with 1 lot including 1200 shares at a cost of ₹120,000 and this is the maximum limit for retail investors to apply in Diensten Tech IPO.
For HNIs minimum investment in Diensten Tech’s IPO is set at 2 lots which include 2400 shares and costs ₹240,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail (Min) | 1 | 1200 | ₹120,000 |
Retail (Max) | 1 | 1200 | ₹120,000 |
S-HNI (Min) | 2 | 2400 | ₹240,000 |
Diensten Tech IPO Financial
As of March 31, 2023, Diensten Tech reported a profit after tax of ₹16.06 lakhs. This marks an increase from the previous year’s PAT of ₹1.45 lakhs as of March 31, 2022. However, it is a decline compared to the PAT of ₹117.07 lakhs reported on March 31, 2021.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
Assets in (₹ Lakhs) | 1,504.81 | 203.66 | 370.24 |
Revenue (₹ Lakhs) | 3,760.31 | 76.53 | 525.06 |
PAT (₹ Lakhs) | 16.06 | 1.45 | 117.07 |
Diensten Tech Vs Peers
Diensten Tech has the lowest EPS among its peers, higher EPS is always considered good.
| Company | EPS Basic | P/E(x) |
|---|---|---|
Diensten Tech Limited | 0.29 | - |
Ani Integrated Services Limited | 2.55 | 59.96 |
Integrated Personnel Services Ltd | 5.71 | 28.01 |
Diensten Tech IPO Quota allocation
- QIB Investor: 50% of the net issue
- Retail Investor: 35% of the net issue
- NII (HNI) Investor: 15% of the net issue
Expected Listing Date for Diensten Tech IPO
- Subscription Period: 26 June to 28 June
- Basis of Allotment Finalization: 1 July 2024
- Initiation of Refunds: 2 July 2024
- Demat Credits: 2 July 2024
- Listing Date: 3 July 2024
- Listing on: NSE SME
