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 SaraogiIPO Details
| IPO Opening Date | Jan 18, 2023 |
| IPO Closing Date | Jan 20, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹20 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹10.74 Cr |
| Fresh Issue | 5,370,000 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 Date | Jan 18, 2023 |
| IPO Close Date | Jan 20, 2023 |
| Basis of Allotment Date | Jan 25, 2023 |
| Initiation of Refunds | Jan 26, 2023 |
| Credit of Shares to Demat Account | Jan 27, 2023 |
| IPO Listing Date | Jan 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹120000 |
| Maximum | 1 | 6000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.64% |
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:
- Investment in a Wholly-owned Subsidiary Company; and
- 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
