Diensten Tech Limited IPO : Important Dates

Diensten Tech Limited IPO is set to launch on 26 June, 2024. The company initiated its business operations in the year 2007. It provides IT professional resourcing, IT training, IT consulting and software AMC services. It has an employee base of 458 people.

Divine Power Energy Limited : IPO DETAILS

Diensten Tech Limited IPO is set to launch on 26 June, 2024. The subscription timeline extends till 28 June, 2024. The size for the IPO is Rs. 22.08 Crore. The IPO offers fresh issues worth Rs 22.08 Crore. No shares are offered through offer for sale. The lot size is 1200 shares and the price is Rs.95 to Rs 100 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is KFin Technologies Limited..

Tabular Description of Diensten Tech Limited IPO

Diensten Tech Limited IPO: IMPORTANT DATES

Diensten Tech Limited IPO begins for subscription from 26 June, 2024. The IPO subscription would continue till 28 June, 2024. The allotment status for the shareholders who applied would come on 1 July, 2024. The refunds for the ones who did not get allotment would be initiated on 2 July, 2024. The DEMAT accounts of shareholders would be credited on 2 July, 2024. The listing of the company would be completed on 3 July, 2024.

Diensten Tech Limited IPO: Lead Managers

The lead managers are :

• Corporate Professionals Capital Private Limited

The minimum and maximum lot size for retail investors is 1200 shares, amounting to Rs. 120000. The minimum lot size for HNI is 2400 shares, amounting to Rs. 240000.

OBJECTIVES FOR THE IPO

• To meet the working capital requirements of the company
• To meet the capital expenditure of the company
• General Corporate Expenses

COMPANY FINANCIALS

Diensten Tech Limited had an asset base of 370 Lakh Rs in 2021. However the asset base of the company dropped down to 203 Lakh Rs in the year 2022. The figures for the year 2023 were surprising as the asset base boosted by more than 7 times to 1504 Lakh Rs. The revenue of the company was at 525 Lakh Rs in the year 2021. It slipped down to 76 Lakh Rs in the year 2022. However the revenue jump in 2023 was almost 4850% in comparison to the figures of 2022. The revenue in 2023 was at 3760 Lakh Rs. 

The profit of the firm was at 117 Lakh Rs in 2021. The profit came down to 1,45 Lakh rs in the year 2022. This is a fall of almost 99% in the profit base. The company seems to have suffered a lot financially in the year 2022. The financial figures for revenue, assets and profits have been at their lowest in the year 2022. The year 2023 has been a bounce back for the company. The profit achieved in the year 2023 was at 16 Lakh Rs. This is a lot of increase as compared to 2022 figures. However the profit in the year 2023 is much less if we compare it with the asset base and revenue of the year 2023.

PROS

• It provides various services like IT professional resourcing, IT training, IT consulting and software AMC services. 
• It has an employee base of 458 people.

Diensten Tech Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Diensten Tech Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.