DHARNI Capital IPO vs Transvoy Logistics IPO

Comparison between DHARNI Capital IPO and Transvoy Logistics IPO.

IPO Details

DHARNI Capital IPO is a SME Fixed Price IPO proposed to list at BSE SME while Transvoy Logistics IPO is a SME Fixed Price proposed to list at BSE SME.

	DHARNI Capital IPO	Transvoy Logistics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	BSE SME	BSE SME
Lead Managers	Srujan Alpha Capital Advisors LLP	Beeline Capital Advisors Pvt.Ltd.
Registrar	Cameo Corporate Services Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Sunflower Broking Pvt.Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO 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 Transvoy Logistics IPO is up to ₹4.84 Cr. The final issue price of DHARNI Capital IPO is ₹20.00 per share and of Transvoy Logistics IPO is ₹71.00 per share.

	DHARNI Capital IPO	Transvoy Logistics IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹20.00 per share	₹71.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	6000 shares	1600 shares
Fresh Issue Size	51,00,000 shares	6,81,600 shares
Fresh Issue Size (Amount)	up to ₹10.20 Cr	up to ₹4.84 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	51,00,000 shares	6,81,600 shares
Issue Size Total (Amount)	up to ₹10.20 Cr	up to ₹4.84 Cr

IPO Timetable

DHARNI Capital IPO opens on Jan 18, 2023, while Transvoy Logistics IPO opens on Jan 20, 2023. The closing date of DHARNI Capital IPO and Transvoy Logistics IPO is Jan 20, 2023, and Jan 24, 2023, respectively.

	DHARNI Capital IPO	Transvoy Logistics IPO
Anchor Bid Date
Issue Open	Jan 18, 2023	Jan 20, 2023
Issue Close	Jan 20, 2023	Jan 24, 2023
Basis Of Allotment (Tentative)	Jan 25, 2023	Jan 30, 2023
Initiation of Refunds (Tentative)	Jan 27, 2023	Jan 31, 2023
Credit of Share (Tentative)	Jan 30, 2023	Feb 01, 2023
Listing date (Tentative)	Jan 31, 2023	Feb 02, 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 Transvoy Logistics IPO P/E ratio of 34.63.

DHARNI Capital IPO

Transvoy Logistics IPO

Financials

DHARNI Capital Services Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	19.16	19.87	1.34	-4.11	22.48
31-Mar-21	25.35	255.41	15.26	11.16	9.35
31-Mar-22	245.24	1,469.40	96.58	226.74	0.00
30-Sep-22	292.91	304.95	58.73	285.74	0.00
Amount in ₹ Lakhs

Transvoy Logistics India Limited Financial Information (Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	11.48	42.9	1.33	0.06	-0.94	0
31-Mar-21	12.47	62.21	1.18	1.25	0.25	0
31-Mar-22	109.89	503.02	56.69	52.91	56.91	0.97
25-Nov-22	748.23	1048	34.48	229.49	35.19	141.3
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

97.94

Promoter Shareholding (Post-Issue)

73.64

71.46

P/E Ratio

34.48

34.63

Market Cap

₹40.74 Cr.

₹18.91 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 Transvoy Logistics IPO retail investors are offered 25,50,000 shares. Qualified Institutional Buyers (QIB) are offered in DHARNI Capital IPO and in Transvoy Logistics IPO.

	DHARNI Capital IPO	Transvoy Logistics IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,70,000 shares	38,400 shares
QIB
NII	25,50,000 shares	3,40,800 shares
RII	25,50,000 shares	3,40,800 shares
Employee
Others
Total	51,00,000 shares	6,81,600 shares

Bids Received (Subscription)

DHARNI Capital IPO subscribed 6.57x in total, whereas Transvoy Logistics IPO subscribed 184.34x.

	DHARNI Capital IPO	Transvoy Logistics IPO
QIB (times)
NII (times)	6.32x	200.00x
Big NII (times)
Small NII (times)
RII (times)	6.83x	168.67x
Employee (times)
Other (times)
Total (times)	6.57x	184.34x

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