Fixed Price IPO | ₹11 Cr | Listed at BSE SME | Wed, Jan 18, 2023 - Fri, Jan 20, 2023
DHARNI Capital IPO is a fixed price issue of ₹10.74 crores. The issue is entirely a fresh issue of 0.54 crore shares of ₹10.74 crore.
DHARNI Capital IPO bidding started from Jan 18, 2023 and ended on Jan 20, 2023. The allotment for DHARNI Capital IPO was finalized on Jan 25, 2023. The shares got listed on BSE SME on Jan 31, 2023.
DHARNI Capital IPO price is ₹20 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Srujan Alpha Capital Advisors LLP is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd..
Refer to DHARNI Capital IPO RHP for detailed Information.
IPO Open
Wed, Jan 18, 2023
IPO Close
Fri, Jan 20, 2023
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹40.74 Cr
| IPO Date | 18 to 20 Jan, 2023 |
| Listed on | Tue, Jan 31, 2023 |
| Face Value | ₹1 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 53,70,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 2,70,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.5400 Cr) |
| Fresh Issue (Ex Market Maker) | 51,00,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 51,00,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,03,70,000 shares |
| BSE Script Code | 543753 |
| ISIN | INE0M9Q01011 |
DHARNI Capital IPO comprises a total issue size of 53,70,000 shares. The net offer to the public is 51,00,000 shares, after excluding 2,70,000 shares allotted on a firm basis. Of the Net offer 25,50,000 (50.00%) allocated to NII 25,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 25,50,000 | 50.00% | 47.49% |
| Retail Shares Offered | 25,50,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,70,000 | 5.03% | |
| Total Shares Offered | 53,70,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Incorporated in 2015, Dharni Capital Services Limited is engaged in providing a variety of financial services. They offer their distinct services to the customers in the form of:
The company has clients from 11+ states, 300+ clients, and 200 Crore AUM as on March 2022.
The company closely works with individual clients to understand their profile, their requirements, and concerns, and thereupon build customized financial investment portfolios. These portfolios offer a comprehensive selection of investment alternatives.
Dharni Capital Services offers a financial services platform for financial product distribution and has a presence across both online and offline channels.
The company is promoted and nurtured under the leadership of Mr. Hemant Dharnidharka and Mrs. Preeti Saraogi since its incorporation.
Dharni Capital Services hold AMFI Registration number ARN-144504. The entity is an empaneled distributor with ICICI Prudential Mutual Fund, SBI Mutual Fund, Axis Mutual Fund, HDFC Mutual Fund, Kotak Mutual Fund, Aditya Birla Sunlife Mutual Fund, Nippon Mutual Fund, UTI Mutual Fund, and many other entities.
As on September 30, 2022, and March 31, 2022, the assets under management from the mutual fund distribution business ("AUM") stood at Rs 5,379.30 Lakhs and Rs 6,367.60 Lakhs respectively.
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 2.93 | 2.45 | 0.25 | 0.19 |
| Total Income | 3.05 | 14.69 | 2.55 | 0.20 |
| Profit After Tax | 0.59 | 0.97 | 0.15 | 0.01 |
| NET Worth | 2.86 | 2.27 | 0.11 | -0.04 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 0.00 | 0.00 | 0.09 | 0.22 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Wholly owned Subsidiary Company | 8.00 |
| 2 | General Corporate Purpose | 2.41 |
| KPI | |
|---|---|
| RoNW | 42.6 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.46 | |
| P/E (x) | 34.48 | |
| Promoter Holding | 100.00% | 73.64% |
| Market Cap | ₹40.74 Cr. |
The DHARNI Capital Services IPO is subscribed 6.57 times on January 20, 2023 6:58:00 PM (Day 3). The public issue subscribed 6.83 times in the retail category, [.] times in the QIB category, and 6.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 6.32 | 25,50,000 | 1,61,04,000 |
| Retail | 6.83 | 25,50,000 | 1,74,12,000 |
| Total | 6.57 | 51,00,000 | 3,35,16,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including underwriting commission | 0.18 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisor, secretarial and peer review auditors | 0.03 |
| 5 | Regulators Including Stock Exchanges and Depository | 0.04 |
| 6 | Advertising and Marketing Expenses | 0.02 |
| 7 | Printing and distribution of Issue Stationary | 0.01 |
| 8 | Others, if any (market making, and Miscellaneous etc.) | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹21.00 |
| Low | ₹20.20 |
| High | ₹21.50 |
| Last Trade | ₹20.25 |
Lead Manager Reports
DHARNI Capital IPO is a SME IPO of 53,70,000 equity shares of the face value of ₹1 aggregating up to ₹11 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Wed, Jan 18, 2023, and closes on Fri, Jan 20, 2023.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in DHARNI Capital IPO using UPI as a payment gateway. Zerodha customers can apply in DHARNI Capital IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in DHARNI Capital IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The DHARNI Capital IPO opens on Wed, Jan 18, 2023 and closes on Fri, Jan 20, 2023.
DHARNI Capital IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in DHARNI Capital 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 DHARNI Capital IPO will be done on Wednesday, January 25, 2023, and the allotted shares will be credited to your demat account by Mon, Jan 30, 2023. Check the DHARNI Capital IPO allotment status.
The DHARNI Capital IPO listing date is on Tue, Jan 31, 2023.
