Diensten Tech Ltd IPO Timeline

Diensten Tech Ltd IPO opens on 26-Jun-2024, and closes on 28-Jun-2024. The Diensten Tech Ltd IPO bid date is from 26-Jun-2024 to 28-Jun-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Diensten Tech Ltd IPO Opening Date 26-Jun-2024
Diensten Tech Ltd IPO Closing Date 28-Jun-2024
Basis of Allotment 01-Jul-2024
Initiation of Refunds 02-Jul-2024
Credit of Shares to Demat 02-Jul-2024
Diensten Tech Ltd IPO Listing Date 03-Jul-2024

Diensten Tech Ltd IPO Lot Size

Diensten Tech Ltd IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or 120000).

Application Lots Shares Amount
Minimum 1 1200 ₹120000
Maximum 1 1200 ₹120000

Diensten Tech Ltd IPO Details

Diensten Tech Ltd IPO Date 26-Jun-2024 to 28-Jun-2024
Diensten Tech Ltd IPO Face Value Shares of ₹10 per share
Diensten Tech Ltd IPO Price ₹95 to ₹100 per share
Diensten Tech Ltd IPO Lot Size 1200
Issue Size Shares of ₹10 (aggregating up to ₹22.08 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹22.08 Cr)
Offer for Sale -
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters J.K.Traders Ltd, Abhishek Singhania, Vipul Prakesh.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 Payment of liability raised againest outstanding payment of consideration for professional services and trading division business acquired from JK Technosoft Ltd vide business transfer agreement Date 04.30.2022
  • 2 Working capital requiremnt
  • 3 General corporate purposes

Company Financials

Diensten Tech Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
03-2023 15.05 37.60 0.16
03-2022 2.04 0.77 0.01
03-2021 3.70 5.25 1.17
Amount in ₹ Crore
  • Our clientele is diversified into various industries.
  • We have Pan-India presence and our business is significantly scalable.
  • We provide quality assured services and keep significant focus on customer satisfaction.
  • We have experienced management which is supported by skilled professionals.
  • The Company has incurred Losses during the nine months period ended on December 31, 2023.
  • There are outstanding legal proceedings involving the Company, Promoters and Directors. Any adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.
  • Its top ten customers contribute approximately 88% of the company's revenues for the financial period ended December 31, 2023. Any loss of business from one or more of them may adversely affect its revenues and profitability.
  • Significance of recruiting, training and retaining qualified and experienced personnel who meet the IT Professional Services requirements of its clients may adversely affect the company reputation, business prospects and future financial performance.
  • Its intellectual property rights may be infringed upon or its may infringe the intellectual property rights of third parties.
  • The company's inability to cater to and suitably update and enhance its offerings may adversely affect the company's revenues and, thus, its business, results of operations and prospects.
  • Its ability to retain the present number of customers serviced by the company and attract new customers is heavily dependent upon various factors including its reputation and the company's ability to maintain a high level of service quality. Any failures by it to retain or attract customers may impact its business and revenues.
  • Termination of agreements/arrangements with Customers, could negatively impact its revenues and profitability.
  • The company's IT Professional Services business where its fulfill IT professional needs of the company clients is subject to extensive government regulations, which may restrict the types of services the company is permitted to offer or result in additional tax or other costs that reduce its revenues and earnings.
  • Its Restated Financial Statements are Prepared and Signed by a Peer Reviewed Chartered Accountant who is not Statutory Auditor of the Company.
  • The company requires a number of approvals, NOCs, licenses, registrations and permits in the ordinary course of its business. Some of the approvals are required to be obtained by the Company and any failures or delay in obtaining the same in a timely manner may adversely affect its operations.
  • The Company does not own the premises at which its registered office, Administrative Office and branch offices are located and the same has been taken on rent. Any termination of such rent agreement and/or non-renewal could adversely affect its operations.
  • There have been some instances of delayed filing of records and returns required to be filed by the Company with various regulatory authorities.
  • Any disruption, downfall, slowdown or changes in Information Technology sector globally as well as in India may cause loss of business to the Company.
  • Its business is mainly dependent on the stability of policies and economic condition of USA.
  • Any disruption in its information technology systems may adversely affect the company's business, results of operations and prospects.
  • If the company is unable to source business opportunities effectively, its may not achieve the company's financial objectives.
  • The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • Its Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company even after the Issue which will allow them to determine the outcome of matters submitted to shareholders for approval.
  • Its Promoters play key role in the company functioning and the company heavily rely on their knowledge and experience in operating its business and therefore, it is critical for the company's business that its Promoters remain associated with the company.
  • Its success depends largely on the company's senior management and its ability to attract and retain the company's key personnel.
  • In addition to normal remuneration or benefits and reimbursement of expenses, its Promoters, the company's Directors and Key Managerial Personnel are interested in the Company to the extent of their shareholding, and dividend entitlements etc.
  • There may be potential conflict of interests between the Company and entity promoted by its Promoters cum Director.
  • The Objects of the Issue for which funds are being raised, are based on its management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is to be done as per the provisions of applicable law.
  • There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
  • Its ability to pay dividends in the future will depends upon the company's future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
  • Its future funds requirements, in the form of fresh issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
  • Delay in raising funds from the IPO could adversely impact the implementation schedule.
  • The requirements of being a public listed company may strain its resources and impose additional requirements.
  • Third party industry and statistical data in this Red Herring Prospectus may be incomplete, incorrect or unreliable.
  • The Company has had negative cash flows from its operating activities, investing activities as well as financing activities in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
  • The company cannot assure you that its equity shares will be listed on the SME platform of NSE in a timely manner or at all, which may restrict your ability to dispose of the equity shares.
  • Sale of Equity Shares by its Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
  • Its may not be successful in implementing the company's business strategies.
  • The company is exposed to the risk of delays or non-payment by its clients and other counterparties, which may also result in cash flow mismatches.
  • Its business is significantly affected by fluctuations in general economic activity, such as recent effects of COVID 19 viruses.
  • Unsecured loans have been taken by the Company which can be recalled by the lenders at any time.
  • The company operates in highly competitive markets and its inability to compete effectively may lead to lower market share or reduced operating margins, and adversely affect its results of operations.
  • Its growth will depends on the company's ability to build its brand and failures to do so will negatively impact its ability to effectively compete in this industry.
  • Its inability to manage growth could disrupt the company's business and reduce profitability.
  • Any negative publicity or defect in service quality may cause the Company substantial costs which in turn could adversely affect its goodwill and its sales could be diminished.
  • There being no alternate arrangements for meeting its capital requirements for the Objects of the issue. Any shortfall in raising the same could adversely affect its growth plans, operations and financial performance.
  • Industry information included in this Red Herring Prospectus has been derived from industry reports commissioned by it for such purpose. There can be no assurance that such third-party statistical financial and other industry information is either complete or accurate.
  • The Company has entered into certain related party transactions and may continue to do so in the future.
  • There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
  • After this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.
  • The Issue price of its Equity Shares may not be indicative of the market price of the company's Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
  • Within the parameters as mentioned in the chapter titled 'objects of this Issue' beginning on page 71 of this Red Herring Prospectus , the Company's management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.
  • Focus on cost management.
  • Focus on cordial relationship with our customer and employees.

Diensten Tech Ltd IPO Promoter Holding

Pre Issue Share Holding 95.50%
Post Issue Share Holding 69.96%

Diensten Tech Ltd IPO Subscription Status (Bidding Detail)

The Diensten Tech Ltd IPO is subscribed 50 times on Jun 28, 2024 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - 50

Diensten Tech Ltd IPO Prospectus

Diensten Tech Ltd IPO Listing Date

Listing Date 03 Jul 24
BSE Script 78924
NSE Symbol DTL
Listing In NSE - SME
ISIN INE0JRD01019
IPO Price ₹100
Face Value ₹10

Diensten Tech Ltd IPO Registrar

KFin Techologies Ltd

Phone: +91 4067162222
Email: dtl.ipo@kfintech.com
Website: www.kfintech.com

Diensten Tech Ltd IPO Lead Manager(s)

  1. Corporate Professionals Capital Pvt Ltd

FAQs on Diensten Tech Ltd IPO

Diensten Tech Ltd IPO, which opens for subscription from 26-Jun-2024 to 28-Jun-2024 has an issue size of ₹22.08 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Diensten Tech Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

Diensten Tech Ltd IPO Opens for subscription from 26-Jun-2024 to 28-Jun-2024.

The lot size of Diensten Tech Ltd is 1200 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹120000 and ₹120000 respectively.

Allotment date for Diensten Tech Ltd is 01-Jul-2024 and refund of application amount (in case allotment is not received) will begin from 02-Jul-2024. If your allotment goes through, then shares will be credited in your Demat account by 02-Jul-2024.

The registrar for Diensten Tech Ltd IPO is KFin Techologies Ltd . You can check your IPO allotment status on the registrar's website.

The shares of Diensten Tech Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Power your investments with our smart trading platforms

mobilefooterimg
  • app_download_icon_img
    10 million+
    App downloads
  • 1_Click_icon_img
    1-Click
    Order Placement
  • higherreturns_icon_img
    2,203 Crore+
    Average Daily Turnover
Download App
App_Download_QRCode