Schedule of Diensten Tech
| Issue open date | 26 Jun 2024 |
| Issue close date | 28 Jun 2024 |
| UPI mandate deadline | 28 Jun 2024 (5 PM) |
| Allotment finalization | 01 Jul 2024 |
| Refund initiation | 02 Jul 2024 |
| Share credit | 02 Jul 2024 |
| Listing date | 03 Jul 2024 |
| Mandate end date | 13 Jul 2024 |
| Lock-in end date for anchor investors (50%) | 28 Jul 2024 |
| Lock-in end date for anchor investors (remaining) | 26 Sep 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Diensten Tech
Incorporated in 2007, Diensten Tech, previously known as JKT Consulting Limited, is in the business of Information Technology (IT) professional resourcing, IT consultancy, IT training, and software AMC services. The company connects its clients to individuals with a specific IT skill set, manages capacity across a team, or delivers in-house technology experts to take client projects to full delivery. The company categorizes its services into the following major business segments:
- IT support and consulting services: IT professional solutions services are the company’s flagship and primary service. Under this segment, It primarily provides comprehensive IT professional resourcing, IT consultancy, and software AMC along with providing IT staff augmentation services across various industries viz. Information technology service, banking and financial services, automotive and engineering, telecom, healthcare, retail, and entertainment.
- Corporate training services: Under this segment of the service portfolio, It provides technical as well as soft skills-based training services, focusing on information technology, soft skills/behavioural, and domain-specific learning solutions that work for the client’s business. These are some of the pieces of training that it provides under the corporate training service category:
- ERP and Business application training
- Behavioural training, Induction/Onboarding training
- Domain-specific training and deploying
- CSR implementation programs
- Disaster and safety management training
- Learning solution and education tourism
Financials of Diensten Tech
Issue size
| Funds raised in the IPO | Amount |
| Overall | ₹22.08 crores |
| Fresh issue | ₹22.08 crores |
| Offer for sale | – |
*All figures except EPS are in ₹ crores
Risks
- Compliance issues: The company has experienced delays in filing necessary records and returns with regulatory authorities in the past.
- Client concentration: The top ten customers account for roughly 88% of revenues for the financial period ending on December 31, 2023. Any loss of business from these clients could negatively impact the company’s revenue and profitability.
Note:
- The above schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion.
- The allotment status will be available by July 02, 2024, on the registrar’s website and the NSE website.