Diensten Tech Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹70(70.00%)
Premium (ELP)
The public market debut of Diensten Tech Limited's was completed on Jul 03, 2024 with its listing on the NSE exchange. The IPO process raised 22,08,000 Shares in total capital, consisting of 22,08,000 Shares in new equity.
The offering featured a price range of ₹95 to ₹100 and minimum application size of 1200 shares. Investor response during the subscription period from Jun 26, 2024 to Jun 28, 2024 influenced the final allotment ratios across investor categories.
Final allotment was announced on Jul 01, 2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Diensten Tech Limited, formerly JKT Consulting Limited, was established in 2007 and specializes in IT professional resourcing, IT consulting, IT training, and software AMC services. The company provides a broad range of IT support and consulting solutions across industries such as IT, banking, automotive, telecommunications, healthcare, retail, and entertainment. Additionally, Diensten Tech offers corporate training programs covering technical and soft skills, ERP and business application training, disaster management, and CSR initiatives. By the end of 2023, the company had expanded its workforce to 458 employees, reinforcing its position as a key player in the IT services sector.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Wide Customer Base: Diensten Tech Limited serves multiple industries, providing stability and reducing risks from market changes.
- Nationwide Reach: With operations across India, the company can efficiently scale and serve clients throughout the country.
- Commitment to Quality: A strong focus on quality and customer satisfaction ensures reliable and high-standard services.
- Financial Challenges: The company reported losses for the nine months ending December 31, 2023, which may affect its stability and future growth.
- Legal Risks: Ongoing legal cases involving the company and its leadership could lead to negative consequences for business operations and financial health.
- Heavy Dependence on Key Clients: About 88% of revenue comes from the top ten customers, so losing any of them could significantly impact earnings and profitability.
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