DHARNI Capital Services IPO vs Eastern Logica Infoway IPO

Comparision between DHARNI Capital Services IPO and Eastern Logica Infoway IPO.

IPO Details

DHARNI Capital Services IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Eastern Logica Infoway IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	DHARNI Capital Services IPO	Eastern Logica Infoway IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Srujan Alpha Capital Advisors Llp	Oneview Corporate Advisors Pvt. Ltd.
Registrar	Cameo Corporate Services Limited	Kfin Technologies Limited
Market Maker	Sunflower Broking Private Limited	Nikunj Stock Brokers 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 DHARNI Capital Services IPO is up to ₹10.74 Cr whereas the issue size of the Eastern Logica Infoway IPO is up to ₹16.94 Cr. The final issue price of DHARNI Capital Services IPO is ₹20.00 per share and of Eastern Logica Infoway IPO is ₹225.00 per share.

	DHARNI Capital Services IPO	Eastern Logica Infoway IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹20.00 per share	₹225.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	600 shares
Fresh Issue Size	53,70,000 shares	6,64,200 shares
Fresh Issue Size (Amount)	up to ₹10.74 Cr	up to ₹14.94 Cr
OFS Issue Size		88,800 shares
OFS Issue Size (Amount)		up to ₹2.00 Cr
Issue Size Total	53,70,000 shares	7,53,000 shares
Issue Size Total (Amount)	up to ₹10.74 Cr	up to ₹16.94 Cr

IPO Timetable

DHARNI Capital Services IPO opens on Jan 18, 2023, while Eastern Logica Infoway IPO opens on Jan 05, 2023. The closing date of DHARNI Capital Services IPO and Eastern Logica Infoway IPO is Jan 20, 2023, and Jan 09, 2023, respectively.

	DHARNI Capital Services IPO	Eastern Logica Infoway IPO
Anchor Bid Date
Issue Open	Jan 18, 2023	Jan 05, 2023
Issue Close	Jan 20, 2023	Jan 09, 2023
Basis Of Allotment (Tentative)	Jan 25, 2023	Jan 12, 2023
Initiation of Refunds (Tentative)	Jan 27, 2023	Jan 13, 2023
Credit of Share (Tentative)	Jan 30, 2023	Jan 16, 2023
Listing date (Tentative)	Jan 31, 2023	Jan 17, 2023
Anchor Lockin End date 1	Feb 24, 2023	Feb 11, 2023
Anchor Lockin End date 2	Apr 25, 2023	Apr 12, 2023

Financials

DHARNI Capital Services IPO P/E ratio is 34.48, as compared to Eastern Logica Infoway IPO P/E ratio of 24.09.

DHARNI Capital Services IPO

Eastern Logica Infoway IPO

Financial

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

Eastern Logica Infoway Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	8490.92	49882.84	181.62	2832.66	2622.68	2931.84
31-Mar-21	10324.43	44702.9	233.59	3126.02	2911.37	4413.71
31-Mar-22	12663.71	61558.01	285.34	3470.3	3251.65	5967.53
30-Sep-22	12561.79	30504.16	133.14	3603.44	3384.79	5694.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.64%

73.59%

P/E Ratio

34.48

24.09

Market Cap

₹40.74 Cr.

₹64.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the DHARNI Capital Services IPO retail investors (RII) are offered 25,50,000 shares while in Eastern Logica Infoway IPO retail investors are offered 25,50,000 shares. Qualified institutional buyers (QIB) are offered in DHARNI Capital Services IPO and in Eastern Logica Infoway IPO.

	DHARNI Capital Services IPO	Eastern Logica Infoway IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,70,000 shares	39,000 shares
QIB
NII	25,50,000 shares	3,57,000 shares
RII	25,50,000 shares	3,57,000 shares
Employee
Others
Total	51,00,000 shares	7,14,000 shares

Bids Received (Subscription)

DHARNI Capital Services IPO subscribed 6.57x in total, whereas Eastern Logica Infoway IPO subscribed 1.74x.

	DHARNI Capital Services IPO	Eastern Logica Infoway IPO
QIB (times)
NII (times)	6.32x	1.92x
Big NII (times)
Small NII (times)
RII (times)	6.83x	1.56x
Employee (times)
Other (times)
Total (times)	6.57x	1.74x

Compare with others

DHARNI Capital Services IPO	Eastern Logica Infoway IPO
Agarwal Float Glass India IPO	Earthstahl & Alloys IPO
Shera Energy IPO	Transvoy Logistics India IPO
Gayatri Rubbers and Chemicals IPO	DHARNI Capital Services IPO
Earthstahl & Alloys IPO	Aristo Bio-Tech and Lifescience IPO
Transvoy Logistics India IPO	Ducol Organics And Colours IPO
Aristo Bio-Tech and Lifescience IPO	Chaman Metallics IPO
Ducol Organics And Colours IPO	Rex Sealing and Packing Industries IPO
Eastern Logica Infoway IPO	SVS Ventures IPO
Chaman Metallics IPO	Anlon Technology Solutions IPO
Rex Sealing and Packing Industries IPO	Moxsh Overseas Educon IPO

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