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Dhanus Technologies IPO is a book built issue of Rs 113.13 crores.
Dhanus Technologies IPO bidding started from September 10, 2007 and ended on September 12, 2007. The shares got listed on BSE, NSE on October 17, 2007.
Dhanus Technologies IPO price band is set at ₹280 to ₹295 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹5,900.
Srei Capital Markets Ltd is the book running lead manager of the Dhanus Technologies IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Dhanus Technologies IPO RHP for detailed information.
| IPO Date | September 10, 2007 to September 12, 2007 |
| Listing Date | October 17, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹280 to ₹295 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 3,835,000 shares (aggregating up to ₹113.13 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 14,107,597 |
| Share holding post issue | 17,942,597 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹5,900 |
| Retail (Max) | 33 | 660 | ₹194,700 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 51.52% |
| Share Holding Post Issue | 40.5% |
Incorporated in 1993, Dhanus Technologies Limited is a Chennai based communication services company. Dhanus offers Telecommunication Services, Unified Messaging and Enhanced Logistics services. Dhanus also has BPO operations for telemarketing services to the US, UK and Australia markets.
Dhanus Technologies operates in following areas:
1. World Calling Cards (V-Tel World’s Calling Cards): Dhanus offers Global Prepaid Calling Cards to various markets in India and abroad and is the only Indian company in this sector.
2. ITES/BPO Services: This involves BPO Services and Software Services & Development. Dhanus started its BPO operations in 2006 by acquiring a Chennai based BPO company. The BPO operations currently have 85 seats and proposed to be expanded in stages to 500 seats by end of 2007. The division has been offering Debt Solutions and Telemarketing services for the UK, US and Australia markets.
Dhanus also has software team specializes in building software applications in the areas like IP Telephony, IVR applications, Custom CRM Applications and Web Based Business Process Applications.
3. Telematics (FleeTrac services): Dhanus has developed a service, which would revolutionize the growth of Logistic operators - A Fleet and Vehicle tracking and management service, FleeTrac™.
FleeTrac is an integrated tracking, communication, monitoring and enterprise management product for vehicle owners. FleeTrac uses the GPS system for vehicle location. The location information along with other data is conveyed to Dhanus’ central data centre in Chennai through Internet via GPRS service.
| KPI | Values |
|---|---|
| RoNW | 26.53% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. To fund the acquisition of property in Chennai city and, construction thereon of building to house the Corporate office, Network Operating Centre, ITES, Software Support Services, Customer Support Services, and Software Development initiatives, including interiors and power back-up support;
2. For expansion and improvement of the Company’s infrastructure support systems by purchase of Network Operating Centre equipments for its ITES and FleeTrac businesses.
3. To purchase of equipments such as Development Servers, Workstations, Software for ITeS agents, and the management team of ITeS services;
4. To purchase equipments for FleeTrac services;
5. To set up of countrywide network of sales and support offices.
The Dhanus Technologies IPO is subscribed 28.47 times on September 12, 2007 5:00:00 PM. The public issue subscribed 18.67 times in the retail category, 36.17 times in the QIB category, and 26.73 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
Last date for receipt of withdrawal: October 06, 2007
All Applicants (including QIBs) seeking to withdraw their application should submit their request along with the details of applications such as Name of Applicant(s), Address, Application Form No, Number of shares bid for, Amount paid with the Application Form, Cheque Number and Bank/Branch on which drawn and duly signed by the applicants (in case of joint applications, by all the applicants) to the Registrar to the Issue marked “Kind Attn.: Mr. R.D. Ramasamy” at the following address:
Cameo Corporate Services Limited
Unit: Dhanus Technologies Limited
'Subramanian Buildings'
No. 1, Club House Road
Chennai 600002
Individual intimation letters regarding this public notice have been dispatched to all the applicants and the dispatch has been completed on September 25, 2007.
Bombay Stock Exchange (BSE)
Notice no: 20070927-10
Notice date: Thursday, September 27, 2007
Subject: Notice to Investors of Public issue of Dhanus Technologies Ltd.
Dhanus Technologies Ltd. has come out with an initial public issue of 38,35,000 equity shares of Rs. 10 each. The issue opened on September 10, 2007 and closed on September 12, 2007. Subsequent, to the closure of the public issue, the Company has come out with a public notice in the Economic Times (Mumbai edition), dated September 27, 2007. A copy of the same is enclosed herewith. Investors in the issue are requested to take note of the same.
Click here to check the notice.
| Listing Date | October 17, 2007 |
| BSE Script Code | 532903 |
| NSE Symbol | DHANUS |
| ISIN | INE406H01016 |
| Final Issue Price | ₹295 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹295.00 |
| ₹300.20 |
| ₹251.60 |
| ₹350.00 |
| ₹311.15 |
| NSE |
|---|
| ₹295.00 |
| ₹295.00 |
| ₹260.00 |
| ₹327.80 |
| ₹309.75 |
Dhanus Technologies Limited
6-B, Mena Kampala Arcade,
113/114, Sir Theygaraya Road, T. Nagar,
Chennai – 600 017 India
Phone: +91 44 28151135
Email: ipo@dhanus.net
Website: http://www.dhanus.net
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: dhanus@cameoindia.com
Website: https://ipo.cameoindia.com/
Dhanus Technologies IPO is a main-board IPO of 3,835,000 equity shares of the face value of ₹10 aggregating up to ₹113.13 Crores. The issue is priced at ₹280 to ₹295 per share. The minimum order quantity is 20 Shares.
The IPO opens on September 10, 2007, and closes on September 12, 2007.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Dhanus Technologies IPO opens on September 10, 2007 and closes on September 12, 2007.
Dhanus Technologies IPO lot size is 20 Shares, and the minimum amount required is ₹5,900.
You can apply in Dhanus Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Dhanus Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Dhanus Technologies IPO allotment status.
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i hv 100 shres of dhanush through allotment..wat would u suggest whether i hold them or sell at current price 310..
plz advise..
thanks