Bookbuilding IPO | ₹113 Cr | Listed at BSE, NSE | Mon, Sep 10, 2007 - Wed, Sep 12, 2007
Dhanus Technologies IPO is a book build issue of ₹113.13 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹113.13 crore.
Dhanus Technologies IPO bidding started from Sep 10, 2007 and ended on Sep 12, 2007. The shares got listed on BSE, NSE on Oct 17, 2007.
Dhanus Technologies IPO price band is set at ₹295 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹5,900 (20 shares) (based on upper price). The lot size investment for sNII is 34 lots (680 shares), amounting to ₹2,00,600, and for bNII, it is 170 lots (3,400 shares), amounting to ₹10,03,000.
The issue includes a reservation of up to 2,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Srei Capital Markets Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Dhanus Technologies IPO RHP for detailed Information.
IPO Open
Mon, Sep 10, 2007
IPO Close
Wed, Sep 12, 2007
Issue Price
₹295 per share
Market Cap (Pre-IPO)
₹529.31 Cr
| IPO Date | 10 to 12 Sep, 2007 |
| Listed on | Wed, Oct 17, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹280 to ₹295 |
| Issue Price | ₹295 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 38,35,033 shares (agg. up to ₹113 Cr) |
| Fresh Issue | 38,35,033 shares (agg. up to ₹113 Cr) |
| Share Holding Pre Issue | 1,41,07,597 shares |
| Share Holding Post Issue | 1,79,42,597 shares |
| BSE Script Code / NSE Symbol | 532903 / DHANUS |
| ISIN | INE406H01016 |
Dhanus Technologies IPO comprises a total issue size of 38,35,000 shares. The net offer to the public is 36,35,000 shares, after excluding 2,00,000 shares under a preferential allotment. Of the Net offer 21,81,000 (60.00%) are allocated to QIB, 3,63,500 (10.00%) allocated to NII 10,90,500 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 21,81,000 | 60.00% | 56.87% | NA |
| NII (HNI) Shares Offered | 3,63,500 | 10.00% | 9.48% | NA |
| Retail Shares Offered | 10,90,500 | 30.00% | 28.44% | 54,525 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,00,000 | 5.22% | NA | |
| Total Shares Offered | 38,35,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹5,900 |
| Retail (Max) | 33 | 660 | ₹1,94,700 |
| S-HNI (Min) | 34 | 680 | ₹2,00,600 |
| S-HNI (Max) | 169 | 3,380 | ₹9,97,100 |
| B-HNI (Min) | 170 | 3,400 | ₹10,03,000 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1993, Dhanus Technologies Limited is a Chennai based communication services company. Dhanus offers Telecommunication Services, Unified Messaging and Enhanced Logistics services. Dhanus also has BPO operations for telemarketing services to the US, UK and Australia markets.
Dhanus Technologies operates in following areas:
1. World Calling Cards (V-Tel World’s Calling Cards): Dhanus offers Global Prepaid Calling Cards to various markets in India and abroad and is the only Indian company in this sector.
2. ITES/BPO Services: This involves BPO Services and Software Services & Development. Dhanus started its BPO operations in 2006 by acquiring a Chennai based BPO company. The BPO operations currently have 85 seats and proposed to be expanded in stages to 500 seats by end of 2007. The division has been offering Debt Solutions and Telemarketing services for the UK, US and Australia markets.
Dhanus also has software team specializes in building software applications in the areas like IP Telephony, IVR applications, Custom CRM Applications and Web Based Business Process Applications.
3. Telematics (FleeTrac services): Dhanus has developed a service, which would revolutionize the growth of Logistic operators - A Fleet and Vehicle tracking and management service, FleeTrac™.
FleeTrac is an integrated tracking, communication, monitoring and enterprise management product for vehicle owners. FleeTrac uses the GPS system for vehicle location. The location information along with other data is conveyed to Dhanus’ central data centre in Chennai through Internet via GPRS service.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fund the acquisition of property in Chennai city and construction of building to house the Corporate office, Network Operating Centre, ITES, Software Support Services, Customer Support Services, and Software Development initiatives, including interiors and power back-up support. | 21.68 |
| 2 | Expansion and improvement of the Company’s infrastructure support systems by purchase of Network Operating Centre equipments for its ITES and FleeTrac businesses. | 50.25 |
| 3 | Purchase of equipments such as Development Servers, Workstations, Software for ITeS agents, and the management team of ITeS services. | 1.48 |
| 4 | Purchase equipments for FleeTrac services. | 37.89 |
| 5 | Set up of countrywide network of sales and support offices. | 7.00 |
| 6 | .Expenses of the Issue | 11.01 |
| KPI | |
|---|---|
| RoNW | 26.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 51.52% | 40.5% |
| Market Cap | ₹529.31 Cr. |
The Dhanus Technologies IPO is subscribed 28.47 times on September 12, 2007 5:00:00 PM (Day 3). The public issue subscribed 18.67 times in the retail category, 36.17 times in the QIB category, and 26.73 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees | 3.39 |
| 2 | Underwriting, Brokerage & selling commission | 3.39 |
| 3 | Advertisement & Marketing expenses | 1.79 |
| 4 | Printing and Stationery, Distribution, postage etc | 2.09 |
| 5 | Other Expenses (including Registrar fees, legal fees, filing fees, listing fees, etc) | 0.34 |
Last date for receipt of withdrawal: October 06, 2007
All Applicants (including QIBs) seeking to withdraw their application should submit their request along with the details of applications such as Name of Applicant(s), Address, Application Form No, Number of shares bid for, Amount paid with the Application Form, Cheque Number and Bank/Branch on which drawn and duly signed by the applicants (in case of joint applications, by all the applicants) to the Registrar to the Issue marked “Kind Attn.: Mr. R.D. Ramasamy” at the following address:
Cameo Corporate Services Limited
Unit: Dhanus Technologies Limited
'Subramanian Buildings'
No. 1, Club House Road
Chennai 600002
Individual intimation letters regarding this public notice have been dispatched to all the applicants and the dispatch has been completed on September 25, 2007.
Bombay Stock Exchange (BSE)
Notice no: 20070927-10
Notice date: Thursday, September 27, 2007
Subject: Notice to Investors of Public issue of Dhanus Technologies Ltd.
Dhanus Technologies Ltd. has come out with an initial public issue of 38,35,000 equity shares of Rs. 10 each. The issue opened on September 10, 2007 and closed on September 12, 2007. Subsequent, to the closure of the public issue, the Company has come out with a public notice in the Economic Times (Mumbai edition), dated September 27, 2007. A copy of the same is enclosed herewith. Investors in the issue are requested to take note of the same.
Click here to check the notice.
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹295.00 | ₹295.00 |
| Open | ₹300.20 | ₹295.00 |
| Low | ₹251.60 | ₹260.00 |
| High | ₹350.00 | ₹327.80 |
| Last Trade | ₹311.15 | ₹309.75 |
Lead Manager Reports
Dhanus Technologies IPO is a main-board IPO of 38,35,033 equity shares of the face value of ₹10 aggregating up to ₹113 Crores. The issue is priced at ₹295 per share. The minimum order quantity is 20.
The IPO opens on Mon, Sep 10, 2007, and closes on Wed, Sep 12, 2007.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Dhanus Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Dhanus Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dhanus Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dhanus Technologies IPO opens on Mon, Sep 10, 2007 and closes on Wed, Sep 12, 2007.
Dhanus Technologies IPO lot size is 20, and the minimum amount required for application is ₹5,900.
You can apply in Dhanus Technologies 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 Dhanus Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Dhanus Technologies IPO allotment status.
The Dhanus Technologies IPO listing date is on Wed, Oct 17, 2007.
