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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 ₹20.00 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). The minimum lot size investment for 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 Date | January 18, 2023 to January 20, 2023 |
| Listing Date | January 31, 2023 |
| Face Value | ₹1 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 53,70,000 shares (aggregating up to ₹10.74 Cr) |
| Reserved for Market Maker | 2,70,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.5400 Cr) |
| Net Offered to Public | 51,00,000 shares (aggregating up to ₹10.20 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,03,70,000 shares |
DHARNI Capital Services IPO offers total 53,70,000 shares. Out of which 25,50,000 (47.49%) allocated to NII, 25,50,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,70,000 (5.03%) |
| NII (HNI) Shares Offered | 25,50,000 (47.49%) |
| Retail Shares Offered | 25,50,000 (47.49%) |
| Total Shares Offered | 53,70,000 (100.00%) |
DHARNI Capital IPO opens on January 18, 2023, and closes on January 20, 2023.
| IPO Open Date | Wed, Jan 18, 2023 |
| IPO Close Date | Fri, Jan 20, 2023 |
| Tentative Allotment | Wed, Jan 25, 2023 |
| Initiation of Refunds | Fri, Jan 27, 2023 |
| Credit of Shares to Demat | Mon, Jan 30, 2023 |
| Tentative Listing Date | Tue, Jan 31, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 20, 2023 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 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 | |||||
The market capitalization of DHARNI Capital IPO is ₹40.74 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 34.48 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive segment. The sudden boost in its profits for H1 of FY23 raises eyebrows. Based on these super earnings, the issue is aggressively priced. A very small equity base post-IPO indicates longer gestation for migration to the mainboard. There is no harm in skipping this pricey issue. Read detail review...
| Listing Date | January 31, 2023 |
| BSE Script Code | 543753 |
| NSE Symbol | |
| ISIN | INE0M9Q01011 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹21.00 |
| Low | ₹20.20 |
| High | ₹21.50 |
| Last Trade | ₹20.25 |
DHARNI Capital Services Ltd.
226, Brigade Metropolis Arcade,
Whitefield Main Road, Garudacharpalya,
Bangalore - 560048
Bangalore Urban, Karnataka
Phone: +91 9945164270
Email: info@dharnigroup.com
Website: http://www.dharnicapital.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
DHARNI Capital IPO is a SME IPO of 53,70,000 equity shares of the face value of ₹1 aggregating up to ₹10.74 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on January 18, 2023, and closes on January 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 January 18, 2023 and closes on January 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 Monday, January 30, 2023. Check the DHARNI Capital IPO allotment status.
The DHARNI Capital IPO listing date is on Tuesday, January 31, 2023.
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