Home  »  Ipo Review  »  Dharni Capital Services Ipo

Let’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

DHARNI Capital Services IPOTheir 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

Open Free Demat Account Now!

    Fill Your Details Here
    1. Open Demat AccountInvest in IPO

    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:

    1. Mr. Hemant Dharnidharka
    2. 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
    Net Issue to the Public Up to 51,00,000 Equity Shares aggregating up to Rs.1,020
    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:

    1. Investment in Wholly-owned Subsidiary Company
    2. 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
    5 11.67 42.86 42.69 56.91% 3,43,848.00
    Services (India)
    10 37.87 29.78 29.78 28.48% 60,589.96
    Computer Age
    Services Ltd
    10 37.82 58.73 58.41 47.77% 92,694.19
    HDFC Asset
    Company Ltd
    5 33.65 65.36 65.31 25.19% 2,43,320.00
    Nippon Life India
    Management Ltd
    10 21.03 12 11.8 21.39% 1,30,664.00
    UTI Asset
    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
    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
    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


    Subscribe to DHARNI Capital Services IPO

      Fill Your Details Here
      1. Open Demat AccountInvest in IPO

      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.

      Calculate your return on investment!

      Asset Class ROI (Rs.) Profit (Rs.) Profit (%)
      Real Estate
      Fixed Deposit
      Mutual Fund

      Featured Topics


      Get 100% IPO Allotment Guarantee! Subscribe to IPO