Diensten Tech Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹100
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,20,000
Issue Size
₹22.08 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Diensten Tech Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
95.5%
Promoter Holding (Post-Issue)
69.97%
Issue Type
Book Building - SME
ISIN
INE0JRD01019
About the Company
We started our business under the name of JKT Consulting Limited with consulting services in the area of SAP Software/ SAP Training Centers and Domain Consulting Services. From the year 2014-15 onwards, we started shifting our business focus towards Information Technology Consultancy, Training, Software Sale, Software AMC and related services as our core business. To further strengthen the said domain, our Company entered into a Business Transfer Agreement dated April 30, 2022 with JK Technosoft Limited. Pursuant to this Agreement, we have acquired Professional Services & Training (PS & T) business from JK Technosoft Limited with effect from April 01, 2022.
Industry Overview
The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country's GDP and public welfare. The IT industry accounted for 7.4% of India's GDP in FY22, and it is expected to contribute 10% to India's GDP by 2025. Cumulatively, ISF's over 110 member companies added 2.32 lakh jobs in the past four quarters, i.e. during the period from October 2022 to September 2023, which includes the 78,000 new jobs in July-September, it stated. As on September 30, 2022, ISF member companies represented 14 lakh flexi staffing workers. Lohit Bhatia, President, ISF said the Indian staffing industry anticipated a steep rise in demand during the first lockdown-free festive season and provided the formal workforce the different industries required. "Overall industry shows resilient growth with new employment mobilized in July-September (2022) at 20 per cent year-on-year.
Company History
Our Company was originally incorporated as a public company under the Companies Act, 1956 in the name and style of "JKT Consulting Limited" bearing Corporate Identification Number U74140DL2007PLC160160 dated March 06, 2007, issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Subsequently the name of our Company was changed to "Diensten Tech Limited" pursuant to fresh certificate of incorporation issued by the Registrar of Companies, Delhi, dated May 11, 2021.
Growth Strategy
- Focus on cost management.
- Focus on cordial relationship with our customer and employees.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of up to 22,08,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Diensten Tech Limited ("Company") for cash at a price of Rs. 100/- per equity share (including a share premium of Rs. 90/- per equity share) ("Issue Price") aggregating up to Rs. 22.08/- crores of which up to 1,10,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 100/- per equity share including a share premium of Rs. 90/- per equity share aggregating to Rs. 1.10 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 20,97,600 equity shares of face value of Rs. 10/- each at a price of Rs. 100/- per equity share aggregating to Rs. 20.98 is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.73% and 25.39% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 each and the issue price is Rs. 100. The issue price is 10 times of the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.