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DHARNI Capital IPO vs Ducol Organics IPO

Comparison between DHARNI Capital IPO and Ducol Organics IPO.

IPO Details

DHARNI Capital IPO is a SME Fixed Price IPO proposed to list at BSE SME while Ducol Organics IPO is a SME Fixed Price proposed to list at NSE SME.

 DHARNI Capital IPODucol Organics IPO
LogoDHARNI Capital IPO LogoDucol Organics IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersSrujan Alpha Capital Advisors LLPFirst Overseas Capital Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Bhh Securities Pvt.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 Ducol Organics IPO is up to ₹28.38 Cr. The final issue price of DHARNI Capital IPO is ₹20.00 per share and of Ducol Organics IPO is ₹78.00 per share.

 DHARNI Capital IPODucol Organics IPO
Face Value₹1 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹20.00 per share₹78.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares1600 shares
Fresh Issue Size51,00,000 shares36,38,400 shares
Fresh Issue Size (Amount)up to ₹10.20 Crup to ₹28.38 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total51,00,000 shares36,38,400 shares
Issue Size Total (Amount)up to ₹10.20 Crup to ₹28.38 Cr

IPO Timetable

DHARNI Capital IPO opens on Jan 18, 2023, while Ducol Organics IPO opens on Jan 09, 2023. The closing date of DHARNI Capital IPO and Ducol Organics IPO is Jan 20, 2023, and Jan 11, 2023, respectively.

 DHARNI Capital IPODucol Organics IPO
Anchor Bid Date
Issue OpenJan 18, 2023Jan 09, 2023
Issue CloseJan 20, 2023Jan 11, 2023
Basis Of Allotment (Tentative)Jan 25, 2023Jan 16, 2023
Initiation of Refunds (Tentative)Jan 27, 2023Jan 17, 2023
Credit of Share (Tentative)Jan 30, 2023Jan 18, 2023
Listing date (Tentative)Jan 31, 2023Jan 19, 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 Ducol Organics IPO P/E ratio of 13.59.

 DHARNI Capital IPODucol Organics 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
Ducol Organics And Colours Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-206140.427372.1371405.681105.682296.91
31-Mar-215710.127885.8281.431610.631389.941656.68
31-Mar-226347.518893.61491.112089.571853.141991.51
30-Sep-226055.334874.8417.222484.831490.351350.01
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0079.46
Promoter Shareholding (Post-Issue)73.6457.38
P/E Ratio34.4813.59
Market Cap₹40.74 Cr.₹113.41 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 Ducol Organics IPO retail investors are offered 25,50,000 shares. Qualified Institutional Buyers (QIB) are offered in DHARNI Capital IPO and in Ducol Organics IPO.

 DHARNI Capital IPODucol Organics IPO
Anchor Investor Reserveration
Market Maker Reserveration2,70,000 shares4,01,600 shares
QIB
NII25,50,000 shares18,19,200 shares
RII25,50,000 shares18,19,200 shares
Employee
Others
Total51,00,000 shares36,38,400 shares

Bids Received (Subscription)

DHARNI Capital IPO subscribed 6.57x in total, whereas Ducol Organics IPO subscribed 44.63x.

 DHARNI Capital IPODucol Organics IPO
QIB (times)
NII (times)6.32x58.15x
Big NII (times)
Small NII (times)
RII (times)6.83x31.11x
Employee (times)
Other (times)
Total (times)6.57x44.63x