July 3, 2024
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Diensten Tech IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Diensten Tech IPO Post Listing Review:
On 3rd July 2024, the scrip is listed at Rs. 240, premium of 140% over the issue price Rs. 100. The listing has been much above the expectations of the grey market, which expected the listing to be in the range of Rs. 170/180.
What was the last GMP of Diensten Tech IPO?*
GMP Rs. 70
Subscription status of Diensten Tech IPO
Diensten IPO Subscription (Closed)Price Rs. 100 Lot 1200 shares |
||||
| QIB | NII X | RII X | Total X | Applications |
| 9.60 | 154.99 | 35.87 | 53.94 | 21,952 / (35.87x) |
| Amount wise subscription recd. Rs.1131.12 Crore | ||||
| Note: Reasonably good response received | ||||
What is the business of Diensten Tech ?
Diensten Tech Limited is into the business of Information Technology (‘IT’) professional resourcing, IT Consultancy, IT Training and Software AMC. It connect its clients to individuals with a specific IT skill set, manage capacity across a team, or deliver in-house technology experts to take client project to full delivery.
It has acquired Professional Services & Training (PS & T) business from JK Technosoft Limited with effect from April 01, 2022. Further, the Company has expanded by acquiring more clients for our PS & T business. It has executed Business Transfer Agreements with Klaus IT Solutions Private Limited and Skandha IT Services Private Limited, dated September 29, 2023, and September 22, 2023, respectively. These agreements have enabled it to acquire more clients leading to an increase in our revenues. Some of its prestigious clients are Illumina Technology Solutions LLC, Mobiquest Mobile Technologies Pvt. Ltd, ONE97 Communications Limited, Thomas Cook (India) Ltd, Capgemini Technology Services India Ltd, Tata Consultancy Services Limited, Maruti Suzuki India Ltd, Schenker India Pvt Ltd, Motherson Technology Services Limited and Pepsico Global Business Services India LLP.
Get more information about the company @ http://www.dienstentech.com/
| Diensten Tech IPO Details | |
| IPO opens on | 26 June 2024 |
| IPO closes on | 28 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2208000 Shares / Rs 22.08 Crore |
| * Fresh Issue | 2208000 Shares / Rs 22.08 Crore |
| * Offer for Sale | – |
| Market Maker Portion | 110400 Shares |
| Net offer to Public | 2097600 Shares/ Rs.20.97 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.95-100 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
| Shares offered in Diensten Tech IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | 1048800 | 10.49 |
| NII (15%) | 314640 | 3.14 |
| RII (35%) | 734160 | 7.34 |
| Total Shares | 2097600 | 20.97 |
| Retail portion will be oversubscribed by | 612 | |
| Forms | ||
| How much Shares to Apply in Diensten Tech IPO? | ||
| Min Retail Application | 1200 Shares | Rs. 120000 |
| Min HNI Application | 2400 Shares | Rs.240000 |
Who are the Promoters of Diensten Tech IPO?
J. K. Traders Limited, Mr. Abhishek Singhania, Mr. Vipul Prakash, and Ms. Tina Prakash are the promoters of the company.
What are the Objects of Diensten Tech IPO?
The Offer comprises of only fresh issue of shares.
The objects 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 out the General Corporate Purposes; and
To meet out the Issue Expenses.
| Diensten Tech IPO Tentative timetable | |
| IPO opens on | 26 June 2024 |
| IPO Closes on | 28 June 2024 |
| IPO Allotment on | 1 July 2024 |
| Refund Initiation | 2 July 2024 |
| Credit of Shares | 2 July 2024 |
| Listing on | 3 July 2024 |
| Registered Office of the Company Diensten Tech Limited 7 th Floor, A-2, L.S.C., Masjid Moth, Greater Kailash-II, New Delhi – 110048 |
| Who is the Lead Manager of Diensten Tech IPO? Corporate Professionals Capital Pvt ltd |
| Who is the Registrar to IPO? Kfin Technologies Limited |
| Diensten Tech IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2020-21 | 5.25 | 1.17 | 13.61 | -104 |
| 2021-22 | 0.77 | 0.01 | 0.16 | 1.04 |
| 2022-23 | 37.60 | 0.16 | 0.29 | 3.78 |
| Book Value of the Share on | 31.012.2023 | Rs 7.02 | ||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 100 | |||
| Diensten Tech IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 345 |
| Price/BV Ratio | 14.24 |
| Upper price/BV after IPO | – |
How Diensten Tech IPO compares with the Peers?
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Diensten Tech | 10 | 37.52 | 345.00 |
| Ani Integrated | 10 | 157.30 | 59.96 |
| Integrated Personnel | 10 | 168.73 | 28.01 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Diensten Tech IPO To the point Guidance
Diensten Tech Limited is into the business of Information Technology (‘IT’) professional resourcing, IT Consultancy, IT Training and Software AMC. It connect its clients to individuals with a specific IT skill set, manage capacity across a team, or deliver in-house technology experts to take client project to full delivery. It has acquired Professional Services & Training (PS & T) business from JK Technosoft Limited with effect from April 01, 2022. Some of its prestigious clients are Illumina Technology Solutions LLC, Mobiquest Mobile Technologies Pvt. Ltd, ONE97 Communications Limited, Thomas Cook (India) Ltd, Capgemini Technology Services India Ltd, Tata Consultancy Services Limited, Maruti Suzuki India Ltd, Schenker India Pvt Ltd, Motherson Technology Services Limited and Pepsico Global Business Services India LLP.
Size: Net size of the IPO is Rs. 20.97 crore, which is relatively somewhat large. The retail portion is Rs. 7.34 Crore and NII portion is Rs.3.14 Crore. Small offer to HNIs and Retail investors will make is easy to collect adequate oversubscription.
Financial Snapshot: The company has shown sharp fluctuations in the topline and bottom-line during last 3 years. In the year 2022-23, the company earned total income of Rs. 37.60 crore but the net profit is only Rs. 16 lacs. So merely on these figures, the offer appears to be very costly. However, if we look at the clients list and Professional Services & Training business potential, the IPO may be subscribed. Apply.
Quicklinks
Diensten Tech IPO GMP today details?
Diensten Tech IPO
Diensten Tech IPO FAQs
What is Diensten Tech IPO?
Diensten Tech is a SME IPO of 2208000 equity shares of the face value of Rs. 10 aggregating up to Rs.220.8 Crores. The issue is priced at Rs.95-100 per share. The minimum order quantity is 1200 Shares.
When will Diensten Tech IPO open?
Diensten Tech IPO opens on June 26, 2024, and closes on June 28, 2024.
What is the lot size of Diensten Tech IPO?
Diensten Tech IPO lot size is 1200 Shares, and the minimum amount required is Rs.120000.
How to apply for Diensten Tech IPO?
You can apply in Diensten Tech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Diensten Tech IPO allotment?
The finalization of Basis of Allotment for Diensten Tech IPO will be done on 1 July, 2024, and the allotted shares will be credited to your demat account by July 2, 2024.
When is Diensten Tech IPO listing date?
Diensten Tech IPO listing date is July 3, 2024.
