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DHARNI Capital Services Limited IPO Detail

DHARNI Capital Services Limited IPO Detail
 

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:

  • Mutual Fund Distribution Services
  • Fixed Deposit Distribution Services
  • Real Estate Brokerage Services
  • Technical Consultancy and Outsourcing

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.

Company Promoters

Mr. Hemant Dharnidharka and Mrs. Preeti Saraogi

IPO Details

IPO Opening DateJan 18, 2023
IPO Closing DateJan 20, 2023
Issue TypeFixed Price Issue IPO
Face Value₹1 per equity share
IPO Price ₹20 per equity share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE SME
Issue Size₹10.74 Cr
Fresh Issue5,370,000 shares of ₹1 (aggregating up to ₹10.74 Cr)
Offer for Sale-
Retail Portion 50%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 - - 2.78x 0.70x 1.74x
Day 2 - - 3.09x 1.80x 2.44x
Day 3 - - 6.32x 6.83x 6.57x

IPO Tentative Timetable

The DHARNI Capital Services Limited IPO open date is Jan 18, 2023, and the close date is Jan 20, 2023. The issue may list on Jan 31, 2023.

IPO Open DateJan 18, 2023
IPO Close DateJan 20, 2023
Basis of Allotment DateJan 25, 2023
Initiation of RefundsJan 26, 2023
Credit of Shares to Demat AccountJan 27, 2023
IPO Listing DateJan 31, 2023

IPO Lot Size

The DHARNI Capital Services Limited IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120000).

ApplicationLotsSharesAmount (Cut-off)
Minimum16000₹120000
Maximum16000₹120000

IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.64%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-20 19.16 19.87 1.34
31-Mar-21 25.35 255.41 15.26
31-Mar-22 245.24 1469.4 96.58
30-Sep-22 292.91 304.95 58.73

Objects of the Issue:

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Investment in a Wholly-owned Subsidiary Company; and
  2. General corporate purposes.

DHARNI Capital Services Limited IPO Registrar:

Cameo Corporate Services Limited

DHARNI Capital Services Limited IPO Lead Manager(s):

Srujan Alpha Capital Advisors LLP

Company Contact Information:

DHARNI Capital Services Limited

226, Brigade Metropolis Arcade,

Whitefield Main Road, Garudacharpalya,

Bangalore - 560048