DHARNI Capital IPO vs Earthstahl IPO

Comparison between DHARNI Capital IPO and Earthstahl IPO.

IPO Details

DHARNI Capital IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Earthstahl IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of DHARNI Capital IPO is up to ₹10.20 Cr whereas the issue size of the Earthstahl IPO is up to ₹12.29 Cr. The final issue price of DHARNI Capital IPO is ₹20.00 per share and of Earthstahl IPO is ₹40.00 per share.

 DHARNI Capital IPOEarthstahl IPO
Face Value₹1 per share₹10 per share
Issue Price (Lower)₹38.00 per share
Issue Price (Upper)₹40.00 per share
Issue Price (Final)₹20.00 per share₹40.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares3000 shares
Fresh Issue Size51,00,000 shares30,72,000 shares
Fresh Issue Size (Amount)up to ₹10.20 Crup to ₹12.29 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total51,00,000 shares30,72,000 shares
Issue Size Total (Amount)up to ₹10.20 Crup to ₹12.29 Cr

IPO Timetable

DHARNI Capital IPO opens on Jan 18, 2023, while Earthstahl IPO opens on Jan 27, 2023. The closing date of DHARNI Capital IPO and Earthstahl IPO is Jan 20, 2023, and Jan 31, 2023, respectively.

Financials & KPIs

DHARNI Capital IPO P/E ratio is 34.48, as compared to Earthstahl IPO P/E ratio of 4.22.

 DHARNI Capital IPOEarthstahl IPO
Financials

Company Financials (Restated Standalone)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets2.932.450.250.19
Total Income3.0514.692.550.20
Profit After Tax0.590.970.150.01
NET Worth2.862.270.11-0.04
Reserves and Surplus0.000.000.000.00
Total Borrowing0.000.000.090.22
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets43.0335.9328.1729.91
Total Income48.2549.0824.5831.82
Profit After Tax5.807.452.67-0.33
NET Worth16.3810.573.120.44
Reserves and Surplus17.9312.134.682.00
Total Borrowing10.9314.0013.9717.34
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.6473.53
P/E Ratio34.484.22
Market Cap₹40.74 Cr.₹48.96 Cr.
ROE65.38
ROCE37.41
Debt/Equity0.93
EPS₹5.46₹8.28
RoNW42.670.53

Shares Offered

In the DHARNI Capital IPO Retail Individual Investors (RII) are offered 25,50,000 shares while in Earthstahl IPO retail investors are offered 25,50,000 shares. Qualified Institutional Buyers (QIB) are offered in DHARNI Capital IPO and 9,18,000 shares in Earthstahl IPO.

 DHARNI Capital IPOEarthstahl IPO
Anchor Investor Reservation
Market Maker Reservation2,70,000 shares1,68,000 shares
QIB9,18,000 shares
NII25,50,000 shares10,77,000 shares
RII25,50,000 shares10,77,000 shares
Employee
Others
Total51,00,000 shares30,72,000 shares

Bids Received (Subscription)

DHARNI Capital IPO subscribed 6.57x in total, whereas Earthstahl IPO subscribed 235.18x.

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DHARNI Capital IPO Vs Earthstahl IPO