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DHARNI Capital IPO vs Eastern Logica Infoway IPO

Comparison between DHARNI Capital IPO and Eastern Logica Infoway IPO.

IPO Details

DHARNI Capital IPO is a SME Fixed Price IPO proposed to list at BSE SME while Eastern Logica Infoway IPO is a SME Fixed Price proposed to list at BSE SME.

 DHARNI Capital IPOEastern Logica Infoway IPO
LogoDHARNI Capital IPO LogoEastern Logica Infoway IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersSrujan Alpha Capital Advisors LLPOneview Corporate Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Kfin Technologies Ltd.
Market MakerSunflower Broking Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of DHARNI Capital IPO is up to ₹10.20 Cr whereas the issue size of the Eastern Logica Infoway IPO is up to ₹16.07 Cr. The final issue price of DHARNI Capital IPO is ₹20.00 per share and of Eastern Logica Infoway IPO is ₹225.00 per share.

 DHARNI Capital IPOEastern Logica Infoway IPO
Face Value₹1 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹20.00 per share₹225.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares600 shares
Fresh Issue Size51,00,000 shares6,25,200 shares
Fresh Issue Size (Amount)up to ₹10.20 Crup to ₹14.07 Cr
OFS Issue Size0 shares88,800 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.00 Cr
Issue Size Total51,00,000 shares7,14,000 shares
Issue Size Total (Amount)up to ₹10.20 Crup to ₹16.07 Cr

IPO Timetable

DHARNI Capital IPO opens on Jan 18, 2023, while Eastern Logica Infoway IPO opens on Jan 05, 2023. The closing date of DHARNI Capital IPO and Eastern Logica Infoway IPO is Jan 20, 2023, and Jan 09, 2023, respectively.

 DHARNI Capital IPOEastern Logica Infoway IPO
Anchor Bid Date
Issue OpenJan 18, 2023Jan 05, 2023
Issue CloseJan 20, 2023Jan 09, 2023
Basis Of Allotment (Tentative)Jan 25, 2023Jan 12, 2023
Initiation of Refunds (Tentative)Jan 27, 2023Jan 13, 2023
Credit of Share (Tentative)Jan 30, 2023Jan 16, 2023
Listing date (Tentative)Jan 31, 2023Jan 17, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

DHARNI Capital IPO P/E ratio is 34.48, as compared to Eastern Logica Infoway IPO P/E ratio of 24.09.

 DHARNI Capital IPOEastern Logica Infoway IPO
Financials
DHARNI Capital Services Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2019.1619.871.34-4.1122.48
31-Mar-2125.35255.4115.2611.169.35
31-Mar-22245.241,469.4096.58226.740.00
30-Sep-22292.91304.9558.73285.740.00
Amount in ₹ Lakhs
Eastern Logica Infoway Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208490.9249882.84181.622832.662622.682931.84
31-Mar-2110324.4344702.9233.593126.022911.374413.71
31-Mar-2212663.7161558.01285.343470.33251.655967.53
30-Sep-2212561.7930504.16133.143603.443384.795694.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.6473.59
P/E Ratio34.4824.09
Market Cap₹40.74 Cr.₹64.14 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

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

 DHARNI Capital IPOEastern Logica Infoway IPO
Anchor Investor Reserveration
Market Maker Reserveration2,70,000 shares39,000 shares
QIB
NII25,50,000 shares3,57,000 shares
RII25,50,000 shares3,57,000 shares
Employee
Others
Total51,00,000 shares7,14,000 shares

Bids Received (Subscription)

DHARNI Capital IPO subscribed 6.57x in total, whereas Eastern Logica Infoway IPO subscribed 1.74x.

 DHARNI Capital IPOEastern Logica Infoway IPO
QIB (times)
NII (times)6.32x1.92x
Big NII (times)
Small NII (times)
RII (times)6.83x1.56x
Employee (times)
Other (times)
Total (times)6.57x1.74x