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DHARNI Capital IPO vs Gayatri Rubbers IPO

Comparison between DHARNI Capital IPO and Gayatri Rubbers IPO.

IPO Details

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

 DHARNI Capital IPOGayatri Rubbers IPO
LogoDHARNI Capital IPO LogoGayatri Rubbers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersSrujan Alpha Capital Advisors LLPKhambatta Securities Ltd.
RegistrarCameo Corporate Services Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Khambatta Securities 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 Gayatri Rubbers IPO is up to ₹4.34 Cr. The final issue price of DHARNI Capital IPO is ₹20.00 per share and of Gayatri Rubbers IPO is ₹30.00 per share.

 DHARNI Capital IPOGayatri Rubbers IPO
Face Value₹1 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹20.00 per share₹30.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares4000 shares
Fresh Issue Size51,00,000 shares14,48,000 shares
Fresh Issue Size (Amount)up to ₹10.20 Crup to ₹4.34 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total51,00,000 shares14,48,000 shares
Issue Size Total (Amount)up to ₹10.20 Crup to ₹4.34 Cr

IPO Timetable

DHARNI Capital IPO opens on Jan 18, 2023, while Gayatri Rubbers IPO opens on Jan 25, 2023. The closing date of DHARNI Capital IPO and Gayatri Rubbers IPO is Jan 20, 2023, and Jan 30, 2023, respectively.

 DHARNI Capital IPOGayatri Rubbers IPO
Anchor Bid Date
Issue OpenJan 18, 2023Jan 25, 2023
Issue CloseJan 20, 2023Jan 30, 2023
Basis Of Allotment (Tentative)Jan 25, 2023Feb 02, 2023
Initiation of Refunds (Tentative)Jan 27, 2023Feb 03, 2023
Credit of Share (Tentative)Jan 30, 2023Feb 06, 2023
Listing date (Tentative)Jan 31, 2023Feb 07, 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 Gayatri Rubbers IPO P/E ratio of 23.62.

 DHARNI Capital IPOGayatri Rubbers 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
Gayatri Rubbers and Chemicals Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20597.65656.916.7523.567.870.00
31-Mar-21556.561,563.0814.53171.5222.390.00
31-Mar-22497.771,673.7381.01155.41103.40263.40
14-Apr-22573.44120.8030.69185.01134.09262.58
31-Dec-22898.471,664.8454.81462.1941.1978.97
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.6473.37
P/E Ratio34.4823.62
Market Cap₹40.74 Cr.₹17.21 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 Gayatri Rubbers IPO retail investors are offered 25,50,000 shares. Qualified Institutional Buyers (QIB) are offered in DHARNI Capital IPO and in Gayatri Rubbers IPO.

 DHARNI Capital IPOGayatri Rubbers IPO
Anchor Investor Reserveration
Market Maker Reserveration2,70,000 shares80,000 shares
QIB
NII25,50,000 shares7,24,000 shares
RII25,50,000 shares7,24,000 shares
Employee
Others
Total51,00,000 shares14,48,000 shares

Bids Received (Subscription)

DHARNI Capital IPO subscribed 6.57x in total, whereas Gayatri Rubbers IPO subscribed 37.94x.

 DHARNI Capital IPOGayatri Rubbers IPO
QIB (times)
NII (times)6.32x33.65x
Big NII (times)
Small NII (times)
RII (times)6.83x42.23x
Employee (times)
Other (times)
Total (times)6.57x37.94x