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DHARNI Capital IPO vs Shera Energy IPO

Comparison between DHARNI Capital IPO and Shera Energy IPO.

IPO Details

DHARNI Capital IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shera Energy IPO is a SME Bookbuilding proposed to list at NSE SME.

 DHARNI Capital IPOShera Energy IPO
LogoDHARNI Capital IPO LogoShera Energy IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersSrujan Alpha Capital Advisors LLPHolani Consultants Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Holani Consultants Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor 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 Shera Energy IPO is up to ₹32.92 Cr. The final issue price of DHARNI Capital IPO is ₹20.00 per share and of Shera Energy IPO is ₹57.00 per share.

 DHARNI Capital IPOShera Energy IPO
Face Value₹1 per share₹10 per share
Issue Price (Lower)₹55.00 per share
Issue Price (Upper)₹57.00 per share
Issue Price (Final)₹20.00 per share₹57.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size6000 shares2000 shares
Fresh Issue Size51,00,000 shares6,48,000 shares
Fresh Issue Size (Amount)up to ₹10.20 Crup to ₹3.69 Cr
OFS Issue Size0 shares51,28,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹29.23 Cr
Issue Size Total51,00,000 shares57,76,000 shares
Issue Size Total (Amount)up to ₹10.20 Crup to ₹32.92 Cr

IPO Timetable

DHARNI Capital IPO opens on Jan 18, 2023, while Shera Energy IPO opens on Feb 07, 2023. The closing date of DHARNI Capital IPO and Shera Energy IPO is Jan 20, 2023, and Feb 09, 2023, respectively.

 DHARNI Capital IPOShera Energy IPO
Anchor Bid DateFeb 06, 2023
Issue OpenJan 18, 2023Feb 07, 2023
Issue CloseJan 20, 2023Feb 09, 2023
Basis Of Allotment (Tentative)Jan 25, 2023Feb 14, 2023
Initiation of Refunds (Tentative)Jan 27, 2023Feb 15, 2023
Credit of Share (Tentative)Jan 30, 2023Feb 16, 2023
Listing date (Tentative)Jan 31, 2023Feb 17, 2023
Anchor Lockin End date 1Mar 16, 2023
Anchor Lockin End date 2May 15, 2023

Financials & KPIs

DHARNI Capital IPO P/E ratio is 34.48, as compared to Shera Energy IPO P/E ratio of 15.16.

 DHARNI Capital IPOShera Energy 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
Shera Energy Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2027,731.9442,619.14361.435,624.3411,062.67
31-Mar-2129,315.6442,271.92502.676,075.6010,542.28
31-Mar-2232,523.7352,458.21699.506,673.3511,812.67
30-Sep-2233,832.9733,953.72428.257,054.8811,437.59
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0066.57
Promoter Shareholding (Post-Issue)73.6463.51
P/E Ratio34.4815.16
Market Cap₹40.74 Cr.₹129.89 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 Shera Energy IPO retail investors are offered 25,50,000 shares. Qualified Institutional Buyers (QIB) are offered in DHARNI Capital IPO and 10,06,000 shares in Shera Energy IPO.

 DHARNI Capital IPOShera Energy IPO
Anchor Investor Reserveration15,00,000 shares
Market Maker Reserveration2,70,000 shares4,00,000 shares
QIB10,06,000 shares
NII25,50,000 shares8,20,000 shares
RII25,50,000 shares18,50,000 shares
Employee6,00,000 shares
Others
Total51,00,000 shares57,76,000 shares

Bids Received (Subscription)

DHARNI Capital IPO subscribed 6.57x in total, whereas Shera Energy IPO subscribed 47.36x.

 DHARNI Capital IPOShera Energy IPO
QIB (times)8.73x
NII (times)6.32x190.12x
Big NII (times)
Small NII (times)
RII (times)6.83x51.30x
Employee (times)1.46x
Other (times)
Total (times)6.57x47.36x