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.

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 (Final)₹20.00 per share₹78.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
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
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

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

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 Consolidated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets60.5563.4857.1061.40
Total Income48.7588.9478.8673.72
Profit After Tax4.174.912.810.07
NET Worth24.8520.9016.1114.06
Reserves and Surplus14.9018.5313.9011.06
Total Borrowing13.5019.9216.5722.97
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%79.46%
Promoter Shareholding (Post-Issue)73.64%57.38%
P/E Ratio34.4813.59
Market Cap₹40.74 Cr.₹113.41 Cr.
EPS₹5.46₹4.68
RoNW42.623.5

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
Market Maker Reservation2,70,000 shares4,01,600 shares
NII25,50,000 shares18,19,200 shares
RII25,50,000 shares18,19,200 shares
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
NII (times)6.32x58.15x
RII (times)6.83x31.11x
Total (times)6.57x44.63x

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