Diensten Tech was incorporated on March 06, 2007. The company is engaged in IT professional resourcing, IT consultancy, IT training, and software AMC. It connects its clients with individuals possessing specific IT skill sets, manages capacity across teams, and delivers in-house technology experts to take client projects to full delivery.
| Bidding Dates |
|---|
| 26 Jun 2024 - 28 Jun 2024 |
| Subscription |
|---|
| 50.24x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,14,000 | 1 | 1 | 1200 | 2.2 M | ₹95 - ₹100 | 69.97 % | ₹209.8 M - ₹220.8 M | RHP DOC |
Diensten Tech IPO SUBSCRIPTION STATUS
28 Jun '24Diensten Tech IPO overall subscription rate was 50.24 times the total available shares
Diensten Tech IPO retail subscription rate was 47.62 times in the retail segment
Diensten Tech IPO non-institutional investor subscription rate was 206.8 times in the non-institutional investor category
Diensten Tech IPO Qualified Institutional Bidder subscription rate was 5.1 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
28 Jun 2024 (Day 3) | 47.62x | 206.8x | 5.1x |
27 Jun 2024 (Day 2) | 6.23x | 8.56x | 0x |
26 Jun 2024 (Day 1) | 1.82x | 2.01x | 0x |
Diensten Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY23 | -17.2 | 260.8 | -49.6 | -56.3 | -4.5% |
| FY23 | 1.6 | 375.3 | -26.7 | -85.8 | 4.0% |
| FY22 | 0.1 | 7.2 | 3.9 | 3.9 | 25.6% |
| FY21 | 11.7 | 52.3 | 17.2 | 17.2 | 38.3% |
Diensten Tech IPO SUBSCRIPTION STATUS DETAILS
Diensten Tech had 2.2 M shares on offer
Diensten Tech IPO offer price was in the range ₹95 - ₹100
Diensten Tech IPO minimum Investment was ₹114000
Diensten Tech IPO issue size was ₹ 209.8 M - ₹ 220.8 M
Diensten Tech had a minimum lot size of 1200 Shares per application
Diensten Tech NUMBER OF SHARES ON OFFER
Diensten Tech IPO IMPORTANT DATES
| Issue Open Date | 26 Jun 2024 |
| Issue close Date | 28 Jun 2024 |
| Allotment Date | 01 Jul 2024 |
| Refund Date | 02 Jul 2024 |
| Demat Account Credit Date | 02 Jul 2024 |
| Listing Date | 03 Jul 2024 |
| Listing on Exchange(s) | NSE |
| Diensten Tech Allotment Status | Exchange |
Diensten Tech IPO subscription opened on 26 Jun 2024, and closed on 28 Jun 2024
IPO allotment for Diensten Tech was finalized on Monday, 01 Jul 2024
IPO listing for Diensten Tech was on NSE on Wednesday, 03 Jul 2024
Diensten Tech IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 240.0 |
| Listing Close Price | 252.0 |
| Listing Gain% | 140.0% |
| Current Gain% | 20.0% |
Diensten Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Diensten Tech Ltd. | 120 | 99.1 | -35.8 | -2.7 | 0.5 | -13.2 | -2.6 | 164.3 | -2.8 | -3.4 | 13.1 | ||
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Diensten Tech INFORMATION ON IPO ISSUE
About Diensten Tech
Diensten Tech was incorporated on March 06, 2007. The company is engaged in IT professional resourcing, IT consultancy, IT training, and software AMC. It connects its clients with individuals possessing specific IT skill sets, manages capacity across teams, and delivers in-house technology experts to take client projects to full delivery.
Object of the Issue
- Payment of liability raised against outstanding payment of consideration for “Professional Services and Training Division” business acquired from J K Technosoft, vide Business Transfer Agreement Dated April 30, 2022
- To meet the working capital requirements of the company
- To meet the general corporate purposes
- To meet the issue expenses
Diensten Tech - PROMOTERS
| Name |
|---|
| J K Traders Limited |
| Vipul Prakash |
| Abhishek Singhania |
| Tina Prakash |
Diensten Tech Lead Manager to the Issue
Corporate Professionals Capital Private Limited
dtl.ipo@indiacp.com
Diensten Tech Registrar to the issue
Kfin Technologies Private Limited
dtl.ipo@kfintech.com
Diensten Tech Strengths
Efficient and effective services
The company's IT professional solution services involve a multistep process that ensures the efficiency and effectiveness of the services provided, leading to customer retention
Diversified services
The company operates as an IT staffing solutions provider, specializing in hiring, training, and deploying employees to work onsite at client locations
Diensten Tech Risks
Incurred losses
The company has incurred losses during the nine months ended on December 31, 2023, and may incur losses in the future
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, its promoters, and directors. Any adverse decision in such proceeding may have a material adverse effect on the business
IPO FAQs
The promoters of the company are J K Traders Limited, Vipul Prakash, Abhishek Singhania and Tina Prakash.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 95.0 - 100.0.
The IPO application opens on Jun 26, 2024 and closes on Jun 28, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jul 01, 2024.
The refund will be credited to your account on Jul 02, 2024.
The allotted shares will be credited to your demat on Jul 02, 2024.
Diensten Tech Ltd.’s shares listed on the stock exchanges on Jul 03, 2024.