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.

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 (Final)₹20.00 per share₹30.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
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
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

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

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)

Period Ended31 Dec 202214 Apr 202231 Mar 202231 Mar 202131 Mar 2020
Assets8.985.734.985.575.98
Total Income16.651.2116.7415.636.57
Profit After Tax0.550.310.810.150.07
NET Worth4.621.851.551.720.24
Reserves and Surplus0.411.341.030.220.08
Total Borrowing0.792.632.630.000.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)73.64%73.37%
P/E Ratio34.4823.62
Market Cap₹40.74 Cr.₹17.21 Cr.
ROE49.56
ROCE40.08
Debt/Equity1.69
EPS₹5.46₹15.58
RoNW42.652.13

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
Market Maker Reservation2,70,000 shares80,000 shares
NII25,50,000 shares7,24,000 shares
RII25,50,000 shares7,24,000 shares
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
NII (times)6.32x33.65x
RII (times)6.83x42.23x
Total (times)6.57x37.94x

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