DHARNI Capital Services IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 23, 2023Let’s have a detailed review of the company and analytics of the DHARNI Capital Services IPO release date, IPO offer price, subscription, DHARNI Capital Services Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 1 |
| Price Band | Rs 20 |
| Listing At | BSE, SME |
| Min. Order Quantity | 6000 Shares |
| Listing Date | Jan 31, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1,074 Lakh |
| IPO Size | Rs 1,074Lakh |
| Tick Size | 1 |
DHARNI Capital Services IPO is listed at a BSE, SME premium. Check out the live share price by clicking on the below link.
DHARNI Capital Services IPO – Summary
Their Company was incorporated as ‘Dharni Online Services Private Limited’ in 2015 as a private limited company under the Companies Act, 2013 with the Registrar of Companies, Bangalore, Karnataka.
Further, it was changed to ‘Dharni Capital Services Private Limited’ and subsequently pursuant to a resolution passed by their shareholders, their Company was converted to a public limited company and the name was changed to ‘Dharni Capital Services Limited’.
The Promoter of this company is Mr. Hemant Dharnidharka and Mrs. Preeti Saraogi. The lead manager to the issue is SRUJAN ALPHA CAPITAL ADVISORS LLP, and the Registrar to this issue is CAMEO CORPORATE SERVICES LIMITED.
DHARNI Capital Services IPO Date
The opening and closing dates of DHARNI Capital Services IPO are Jan 18, 2023, and Jan 20, 2023.
DHARNI Capital Services IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 18th Jan | 2.78x | 0.70x | 1.74x |
| 2nd Day – 19th Jan | 3.09x | 1.80x | 2.44x |
| 3rd Day – 20th Jan | 6.32x | 6.83x | 6.57x |
| Shares Offered or Net Issue | 2,550,000 | 2,550,000 | 5,100,000 |
The shares subscribed by the public will be updated here.
DHARNI Capital Services IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
DHARNI Capital Services Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jan 25, 2023 |
| Refunds Initiation | Jan 27, 2023 |
| Credit of Shares to Demat Account | Jan 30, 2023 |
| Share Listing Date | Jan 31, 2023 |
DHARNI Capital Services IPO Price Band
The face value of each share is Rs.1, but the price band of the IPO is Rs.20
DHARNI Capital Services IPO Equity Size
This Initial Public Issue of 5,370,000 Equity Shares of Rs.1 each for cash at a price of Rs.20 per equity share aggregating to Rs.1,074 Lakh.
DHARNI Capital Services IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,370,000 Equity Shares of Rs.1/ each.
Issue Size: 5,370,000 Equity Shares of Rs.11 each, aggregating to Rs.1,074 Lakh
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DHARNI Capital Services IPO – Live Performance
The listing date of this IPO is Jan 31, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – DHARNI Capital Services Share Price |
DHARNI Capital Services IPO Grey Market Premium
The DHARNI Capital Services Limited IPO Grey Market Premium price is Rs 2, the Kostak rate is Rs NA and the Subject to Sauda is NA.
DHARNI Capital Services IPO – Company Overview
They offer diversified financial services such as Mutual Fund Distribution Services, Fixed Deposit Distribution Services, Real Estate Brokerage Services, Technical Consultancy and Outsourcing.
The modus operandi is to counsel individual clients, understand their profile, needs and concerns, build customized financial investment portfolios, offer a comprehensive selection of investment alternatives that will suit their financial goals.
DHARNI Capital Services IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 292.91 | 245.24 | 25.35 | 19.16 |
| *Total Revenue | 304.95 | 1,469.40 | 255.41 | 19.87 |
| Total Expense | 226.58 | 1,340.53 | 235.88 | 18.83 |
| Profit After Tax | 58.73 | 96.58 | 15.26 | 1.34 |
Earnings per Equity Share (in Lakh)
| 30-Jun-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 0.39 | 3.66 | 15.26 | 1.34 |
Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 58.73 Lakh, Rs. 96.58 Lakh, Rs. 15.26 Lakh and Rs. 1.34 Lakh respectively.
DHARNI Capital Services IPO – Promoters
The Promoter of this company is:
- Mr. Hemant Dharnidharka
- Mrs. Preeti Saraogi
List of Related Parties (Key Managerial Personnel)
- Hemant Dharnidharka, Managing Director
- Preeti Saraogi, Director
- Jaideep Mittra, Independent Director
- Vinay Agarwal, Independent Director
DHARNI Capital Services IPO – Promoters Holding
- Pre-Issue Share Holding – 100.00%
- Post Issue Share Holding – 73.64%
DHARNI Capital Services IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 53,70,000 Equity Shares aggregating up to Rs. 1,074 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,70,000 Equity Shares aggregating up to Rs.54.00 Lakh |
| Net Issue to the Public | Up to 51,00,000 Equity Shares aggregating up to Rs.1,020 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,50,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 2,03,70,000 Equity Shares |
DHARNI Capital Services IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Investment in Wholly-owned Subsidiary Company
- General corporate purposes.
DHARNI Capital Services IPO – Business Strategy
- Continue to develop client relationships
- Attract and retain talented employees
- Competitive Pricing
- Optimize operational efficiencies
DHARNI Capital Services IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established and proven track record & integrated in-house execution capabilities
- Leveraging the experience of their Promoters
- Superior Process Solutions
- Cordial relations with their customers
- Efficient Business Model and Low Labour Costs
- Quality Assurance & Control
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 44.71 | 42.60 | 1.51 |
| 31-Mar-21 | 15.26 | 136.74 | 11.16 |
| Mar-20 | 1.34 | -32.60 | -4.11 |
DHARNI Capital Services IPO: Competitive Peers
| Face Value (Rs.) | P/E | Basic(Rs.) | Diluted (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakh) | |
| DHARNI Capital Services Limited | 10 | 5.46 | 3.66 | 3.66 | 42.60% | 96.58 |
| Listed Peers | ||||||
| IIFL Wealth Management Ltd |
2 | 27.43 | 65.41 | 64.1 | 19.28% | 2,07,783.22 |
| ICICI Securities Ltd |
5 | 11.67 | 42.86 | 42.69 | 56.91% | 3,43,848.00 |
| Central Depository Services (India) Ltd |
10 | 37.87 | 29.78 | 29.78 | 28.48% | 60,589.96 |
| Computer Age Management Services Ltd |
10 | 37.82 | 58.73 | 58.41 | 47.77% | 92,694.19 |
| HDFC Asset Management Company Ltd |
5 | 33.65 | 65.36 | 65.31 | 25.19% | 2,43,320.00 |
| Nippon Life India Asset Management Ltd |
10 | 21.03 | 12 | 11.8 | 21.39% | 1,30,664.00 |
| UTI Asset Management Company Ltd |
10 | 20.02 | 42.12 | 41.96 | 14.81% | 1,32,727.00 |
| Anand Rathi | 5 | 24.04 | 30.49 | 30.36 | 36.92% | 41,748.51 |
DHARNI Capital Services IPO Lead Managers
| Lead Managers |
| SRUJAN ALPHA CAPITAL ADVISORS LLP Registered Address: 112A, 1st floor, Arun Bazar, S.V. Road, Beside Bank of India, Malad (West), Mumbai – 400 064 Correspondence Address: 824 & 825, Corporate Avenue, Sonawala Rd, opposite Atlanta Centre, Sonawala Industry Estate, Goregaon, Mumbai- 400063 Tel: +91 22 4603 0709 Contact Person: Mr. Jinesh Doshi E-mail: jinesh@srujanalpha.com Website: www.srujanalpha.com SEBI Registration Number: INM000012829 |
DHARNI Capital Services IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED Registered Address: “Subramanian Building”, #1, Club House Road,Chennai – 600 002 Tel: +91-44-40020700, 28460390 Fax: +91-44-28460129 Contact Person: Mr. R.D. Ramasamy, Director Email: investor@cameoindia.com Website: www.cameoindia.com CIN No.: U67120TN1998PLC041613 SEBI Registration Number: INR000003753 |
DHARNI Capital Services IPO – Other Details
- Statutory Auditor – M/s. BSD & Co. Chartered Accountants
- Legal Counsel to the Company – ChirAmrit Legal LLP
- Bankers to the Company – HDFC Bank Limited, ICICI Bank Limited, IDFC Bank Limited , YES BANK
DHARNI Capital Services IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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DHARNI Capital Services Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
DHARNI Capital Services IPO Review FAQs
Check out various FAQs related to DHARNI Capital Services IPO:
What is the Issue Size of DHARNI Capital Services IPO?
The Company is making an initial public offer of 5,370,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of DHARNI Capital Services IPO?
The price band for this particular IPO ranges between 20. As far as the face value of the share is of concern, it is Rs.1 per share.
What is the DHARNI Capital Services IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jan 18, 2023, while the closing date is set at Jan 20, 2023.
What is the DHARNI Capital Services IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jan 25, 2023, refund initiation is on Jan 27, 2023, credit of shares is on Jan 30, 2023, and share listing date is on Jan 31, 2023.
What is the DHARNI Capital IPO Listing Date?
Shares of this company shall be listed in the exchanges Jan 31, 2023. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of DHARNI Capital IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. CAMEO CORPORATE SERVICES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of DHARNI Capital IPO?
Here are the promoters of this IPO – Mr. Hemant Dharnidharka and Mrs. Preeti Saraogi. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of DHARNI Capital IPO?
They have obtained the GMP of this IPO and it is Rs 2. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is DHARNI Capital IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of DHARNI Capital Services Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 226.74, 2021 is 11.16, 2020 is -4.11. PAT from Sep 2022 is 285.74.
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