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Dhanuka Commercial IPO is a fixed price issue of ₹4.44 crores. The issue is entirely a fresh issue of 0.44 crore shares of ₹4.44 crore.
Dhanuka Commercial IPO bidding started from May 22, 2014 and ended on May 28, 2014. The shares got listed on BSE SME on Jun 11, 2014.
Dhanuka Commercial IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Aryaman Financial Services Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Dhanuka Commercial IPO RHP for detailed Information.
| IPO Date | May 22, 2014 to May 28, 2014 |
| Listing Date | June 11, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 44,40,000 shares (aggregating up to ₹4.44 Cr) |
| Reserved for Market Maker | 2,40,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.2400 Cr) |
| Net Offered to Public | 42,00,000 shares (aggregating up to ₹4.20 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,23,03,459 shares |
| Share Holding Post Issue | 1,67,43,459 shares |
Dhanuka Commercial IPO offers total 44,40,000 shares. Out of which 21,00,000 (47.30%) allocated to NII, 21,00,000 (47.30%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,40,000 (5.41%) |
| NII (HNI) Shares Offered | 21,00,000 (47.30%) |
| Retail Shares Offered | 21,00,000 (47.30%) |
| Total Shares Offered | 44,40,000 (100.00%) |
Dhanuka Commercial IPO opens on May 22, 2014, and closes on May 28, 2014.
| IPO Open Date | Thu, May 22, 2014 |
| IPO Close Date | Wed, May 28, 2014 |
| Tentative Listing Date | Wed, Jun 11, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, May 28, 2014 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1994, Dhanuka Commercial Ltd is a Non Deposit taking Non-systemically Important Non Banking Finance Company (NBFC-ND-NSI) engaged primarily in the business of advancing loans and investing/trading in securities.
The company wants to expand its portfolio of products and services by introducing products such as Loans against Property, IPO Funding, Financial and Management Consultancy in addition with the existing products of Unsecured ICDs and Loans and Personal Loans. They plan to continue to sell their products and services to existing corporate client base and further target other High Net Worth Individuals and Firms with impeccable credit track record to whom the company may advance funds both secured/ unsecured based on the risk profile and as envisaged in the loan policy of the company.
| KPI | Values |
|---|---|
| RoNW | 0.59% |
The Company Dhanuka Commercial IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To augment the capital base and provide for the fund requirements for increasing the operational scale with respect to the NBFC activities | 4.00 |
[Dilip Davda] <p> Avoid this at par issue as it has entry barrier as well as high P/E.</p> Read detail review...
| Listing Date | June 11, 2014 |
| BSE Script Code | 538446 |
| NSE Symbol | |
| ISIN | INE296Q01012 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹9.75 |
| Low | ₹9.75 |
| High | ₹9.95 |
| Last Trade | ₹9.75 |
Dhanuka Commercial Ltd.
61, Vats Market,
Near Shiva Market,
Pitampura, Delhi - 110034
Pitampura, New Delhi
Phone: +91-11-4513 2171
Email: info@dhanukacommercial.com
Website: http://www.dhanukacommercial.com
MAS Services Ltd.
Phone: (011) 2610 4142
Email: info@masserve.com
Website: https://www.masserv.com/opt.asp
Dhanuka Commercial IPO is a SME IPO of 44,40,000 equity shares of the face value of ₹10 aggregating up to ₹4.44 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on May 22, 2014, and closes on May 28, 2014.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Dhanuka Commercial IPO using UPI as a payment gateway. Zerodha customers can apply in Dhanuka Commercial IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dhanuka Commercial IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dhanuka Commercial IPO opens on May 22, 2014 and closes on May 28, 2014.
Dhanuka Commercial IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Dhanuka Commercial IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dhanuka Commercial IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Dhanuka Commercial IPO allotment status.
The Dhanuka Commercial IPO listing date is on Wednesday, June 11, 2014.
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