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DHARNI Capital Services IPO is a fixed price issue of Rs 10.74 crores. The issue is entirely a fresh issue of 53.7 lakh shares.
DHARNI Capital Services IPO bidding started from January 18, 2023 and ended on January 20, 2023. The allotment for DHARNI Capital Services IPO was finalized on Wednesday, January 25, 2023. The shares got listed on BSE SME on January 31, 2023.
DHARNI Capital Services IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹240,000.
Srujan Alpha Capital Advisors Llp is the book running lead manager of the DHARNI Capital Services IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for DHARNI Capital Services IPO is Sunflower Broking.
Refer to DHARNI Capital Services IPO RHP for detailed information.
IPO Date | January 18, 2023 to January 20, 2023 |
Listing Date | January 31, 2023 |
Face Value | ₹1 per share |
Price | ₹20 per share |
Lot Size | 6000 Shares |
Total Issue Size | 5,370,000 shares (aggregating up to ₹10.74 Cr) |
Fresh Issue | 5,370,000 shares (aggregating up to ₹10.74 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 15,000,000 |
Share holding post issue | 20,370,000 |
Market Maker portion | 270,000 shares Sunflower Broking |
DHARNI Capital Services IPO offers 5,370,000 shares. 2,550,000 (47.49%) to NII, 2,550,000 (47.49%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 270,000 (5.03%) |
Other Shares Offered | 2,550,000 (47.49%) |
Retail Shares Offered | 2,550,000 (47.49%) |
Total Shares Offered | 5,370,000 (100%) |
DHARNI Capital Services IPO opens on January 18, 2023, and closes on January 20, 2023.
IPO Open Date | Wednesday, January 18, 2023 |
IPO Close Date | Friday, January 20, 2023 |
Basis of Allotment | Wednesday, January 25, 2023 |
Initiation of Refunds | Friday, January 27, 2023 |
Credit of Shares to Demat | Monday, January 30, 2023 |
Listing Date | Tuesday, January 31, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on January 20, 2023 |
Investors can bid for a minimum of 6000 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 | 6000 | ₹120,000 |
Retail (Max) | 1 | 6000 | ₹120,000 |
HNI (Min) | 2 | 12,000 | ₹240,000 |
Lot Size Calculator |
Mr. Hemant Dharnidharka and Mrs. Preeti Saraogi are the promoters of the company.
Share Holding Pre Issue | 100.00% |
Share Holding Post Issue | 73.64% |
Incorporated in 2015, Dharni Capital Services Limited is engaged in providing a variety of financial services. They offer their distinct services to the customers in the form of:
The company has clients from 11+ states, 300+ clients, and 200 Crore AUM as on March 2022.
The company closely works with individual clients to understand their profile, their requirements, and concerns, and thereupon build customized financial investment portfolios. These portfolios offer a comprehensive selection of investment alternatives.
Dharni Capital Services offers a financial services platform for financial product distribution and has a presence across both online and offline channels.
The company is promoted and nurtured under the leadership of Mr. Hemant Dharnidharka and Mrs. Preeti Saraogi since its incorporation.
Dharni Capital Services hold AMFI Registration number ARN-144504. The entity is an empaneled distributor with ICICI Prudential Mutual Fund, SBI Mutual Fund, Axis Mutual Fund, HDFC Mutual Fund, Kotak Mutual Fund, Aditya Birla Sunlife Mutual Fund, Nippon Mutual Fund, UTI Mutual Fund, and many other entities.
As on September 30, 2022, and March 31, 2022, the assets under management from the mutual fund distribution business ("AUM") stood at Rs 5,379.30 Lakhs and Rs 6,367.60 Lakhs respectively.
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 |
The market capitalization of DHARNI Capital Services IPO is Rs 40.74 Cr.
Pre IPO | Post IPO | |
---|---|---|
P/E (x) | 34.48 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive segment. The sudden boost in its profits for H1 of FY23 raises eyebrows. Based on these super earnings, the issue is aggressively priced. A very small equity base post-IPO indicates longer gestation for migration to the mainboard. There is no harm in skipping this pricey issue. Read detail review...
The DHARNI Capital Services IPO is subscribed 6.57 times on January 20, 2023 6:58:00 PM. The public issue subscribed 6.83 times in the retail category, times in the QIB category, and 6.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
Other | 6.32 |
Retail | 6.83 |
Total | 6.57 |
Listing Date | January 31, 2023 |
BSE Script Code | 543753 |
NSE Symbol | |
ISIN | INE0M9Q01011 |
Final Issue Price | ₹20 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹20.00 |
₹21.00 |
₹20.20 |
₹21.50 |
₹20.25 |
DHARNI Capital Services Limited
226, Brigade Metropolis Arcade,
Whitefield Main Road, Garudacharpalya,
Bangalore - 560048
Phone: +91 9945164270
Email: info@dharnigroup.com
Website: http://www.dharnicapital.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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DHARNI Capital Services IPO is a SME IPO of 5,370,000 equity shares of the face value of ₹1 aggregating up to ₹10.74 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.
The IPO opens on January 18, 2023, and closes on January 20, 2023.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in DHARNI Capital Services IPO using UPI as a payment gateway. Zerodha customers can apply in DHARNI Capital Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in DHARNI Capital Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The DHARNI Capital Services IPO opens on January 18, 2023 and closes on January 20, 2023.
DHARNI Capital Services IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.
You can apply in DHARNI Capital Services 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 DHARNI Capital Services IPO will be done on Wednesday, January 25, 2023, and the allotted shares will be credited to your demat account by Monday, January 30, 2023. Check the DHARNI Capital Services IPO allotment status.
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