Agarwal Float Glass India IPO vs DHARNI Capital Services IPO

Comparision between Agarwal Float Glass India IPO and DHARNI Capital Services IPO.

IPO Details

Agarwal Float Glass India IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while DHARNI Capital Services IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Agarwal Float Glass India IPO	DHARNI Capital Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Private Limited	Srujan Alpha Capital Advisors Llp
Registrar	Kfin Technologies Limited	Cameo Corporate Services Limited
Market Maker	Smc Global Securities Ltd.	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Agarwal Float Glass India IPO is up to ₹9.20 Cr whereas the issue size of the DHARNI Capital Services IPO is up to ₹10.74 Cr. The final issue price of Agarwal Float Glass India IPO is ₹42.00 per share and of DHARNI Capital Services IPO is ₹20.00 per share.

	Agarwal Float Glass India IPO	DHARNI Capital Services IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹42.00 per share	₹20.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	6000 shares
Fresh Issue Size	21,90,000 shares	53,70,000 shares
Fresh Issue Size (Amount)	up to ₹9.20 Cr	up to ₹10.74 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,90,000 shares	53,70,000 shares
Issue Size Total (Amount)	up to ₹9.20 Cr	up to ₹10.74 Cr

IPO Timetable

Agarwal Float Glass India IPO opens on Feb 10, 2023, while DHARNI Capital Services IPO opens on Jan 18, 2023. The closing date of Agarwal Float Glass India IPO and DHARNI Capital Services IPO is Feb 15, 2023, and Jan 20, 2023, respectively.

	Agarwal Float Glass India IPO	DHARNI Capital Services IPO
Anchor Bid Date
Issue Open	Feb 10, 2023	Jan 18, 2023
Issue Close	Feb 15, 2023	Jan 20, 2023
Basis Of Allotment (Tentative)	Feb 20, 2023	Jan 25, 2023
Initiation of Refunds (Tentative)	Feb 21, 2023	Jan 27, 2023
Credit of Share (Tentative)	Feb 22, 2023	Jan 30, 2023
Listing date (Tentative)	Feb 23, 2023	Jan 31, 2023
Anchor Lockin End date 1	Mar 22, 2023	Feb 24, 2023
Anchor Lockin End date 2	May 21, 2023	Apr 25, 2023

Financials

Agarwal Float Glass India IPO P/E ratio is 5.68, as compared to DHARNI Capital Services IPO P/E ratio of 34.48.

Agarwal Float Glass India IPO

DHARNI Capital Services IPO

Financial

Agarwal Float Glass India Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,767.31	3,227.43	8.83	201.30	-0.84	1,120.38
31-Mar-21	1,811.87	3,188.13	24.73	226.02	23.88	1,175.30
31-Mar-22	1,761.79	4,216.91	101.68	327.68	125.54	1,141.78
30-Sep-22	2,177.31	2,369.04	267.75	595.43	393.29	1,167.91
Amount in ₹ Lakhs

DHARNI Capital Services Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	19.16	19.87	1.34	-4.11	22.48
31-Mar-21	25.35	255.41	15.26	11.16	9.35
31-Mar-22	245.24	1,469.40	96.58	226.74	0.00
30-Sep-22	292.91	304.95	58.73	285.74	0.00
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

100.00%

Promoter Shareholding (Post-Issue)

69.77%

73.64%

P/E Ratio

5.68

34.48

Market Cap

₹30.42 Cr.

₹40.74 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Agarwal Float Glass India IPO retail investors (RII) are offered 10,38,000 shares while in DHARNI Capital Services IPO retail investors are offered 10,38,000 shares. Qualified institutional buyers (QIB) are offered in Agarwal Float Glass India IPO and in DHARNI Capital Services IPO.

	Agarwal Float Glass India IPO	DHARNI Capital Services IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,14,000 shares	2,70,000 shares
QIB
NII	10,38,000 shares	25,50,000 shares
RII	10,38,000 shares	25,50,000 shares
Employee
Others
Total	20,76,000 shares	51,00,000 shares

Bids Received (Subscription)

Agarwal Float Glass India IPO subscribed 5.16x in total, whereas DHARNI Capital Services IPO subscribed 6.57x.

	Agarwal Float Glass India IPO	DHARNI Capital Services IPO
QIB (times)
NII (times)	3.13x	6.32x
Big NII (times)
Small NII (times)
RII (times)	7.20x	6.83x
Employee (times)
Other (times)
Total (times)	5.16x	6.57x

Compare with others

Agarwal Float Glass India IPO	DHARNI Capital Services IPO
ITCONS E-Solutions IPO	Agarwal Float Glass India IPO
Viaz Tyres IPO	Shera Energy IPO
Patron Exim IPO	Gayatri Rubbers and Chemicals IPO
Lead Reclaim and Rubber Products IPO	Earthstahl & Alloys IPO
Indong Tea Company IPO	Transvoy Logistics India IPO
Shera Energy IPO	Aristo Bio-Tech and Lifescience IPO
Gayatri Rubbers and Chemicals IPO	Ducol Organics And Colours IPO
Earthstahl & Alloys IPO	Eastern Logica Infoway IPO
Transvoy Logistics India IPO	Chaman Metallics IPO
DHARNI Capital Services IPO	Rex Sealing and Packing Industries IPO

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