Chaman Metallics IPO vs DHARNI Capital Services IPO

Comparision between Chaman Metallics IPO and DHARNI Capital Services IPO.

IPO Details

Chaman Metallics IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while DHARNI Capital Services IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Chaman Metallics IPO	DHARNI Capital Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Srujan Alpha Capital Advisors Llp
Registrar	Link Intime India Private Ltd	Cameo Corporate Services Limited
Market Maker	Hem Finlease Private Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Chaman Metallics IPO is up to ₹24.21 Cr whereas the issue size of the DHARNI Capital Services IPO is up to ₹10.74 Cr. The final issue price of Chaman Metallics IPO is ₹38.00 per share and of DHARNI Capital Services IPO is ₹20.00 per share.

	Chaman Metallics IPO	DHARNI Capital Services IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹38.00 per share	₹20.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	6000 shares
Fresh Issue Size	63,72,000 shares	53,70,000 shares
Fresh Issue Size (Amount)	up to ₹24.21 Cr	up to ₹10.74 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	63,72,000 shares	53,70,000 shares
Issue Size Total (Amount)	up to ₹24.21 Cr	up to ₹10.74 Cr

IPO Timetable

Chaman Metallics IPO opens on Jan 04, 2023, while DHARNI Capital Services IPO opens on Jan 18, 2023. The closing date of Chaman Metallics IPO and DHARNI Capital Services IPO is Jan 06, 2023, and Jan 20, 2023, respectively.

	Chaman Metallics IPO	DHARNI Capital Services IPO
Anchor Bid Date
Issue Open	Jan 04, 2023	Jan 18, 2023
Issue Close	Jan 06, 2023	Jan 20, 2023
Basis Of Allotment (Tentative)	Jan 11, 2023	Jan 25, 2023
Initiation of Refunds (Tentative)	Jan 12, 2023	Jan 27, 2023
Credit of Share (Tentative)	Jan 13, 2023	Jan 30, 2023
Listing date (Tentative)	Jan 16, 2023	Jan 31, 2023
Anchor Lockin End date 1	Feb 10, 2023	Feb 24, 2023
Anchor Lockin End date 2	Apr 11, 2023	Apr 25, 2023

Financials

Chaman Metallics IPO P/E ratio is 6.73, as compared to DHARNI Capital Services IPO P/E ratio of 34.48.

Chaman Metallics IPO

DHARNI Capital Services IPO

Financial

Chaman Metallics Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	5399.39	5837.14	369.46	2350.21	1560.75	1976.17
31-Mar-21	5872.4	14075.89	523.07	2873.29	2083.83	1392.81
31-Mar-22	7378.59	18546.32	934.65	3807.94	3018.48	2515.81
30-Sep-22	9085.52	11182.43	681.74	4473.17	2696.89	1608.17
Amount in ₹ Lakhs

DHARNI Capital Services Limited Financial Information (Restated Standalone)
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

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.60%

73.64%

P/E Ratio

6.73

34.48

Market Cap

₹91.71 Cr.

₹40.74 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Chaman Metallics IPO retail investors (RII) are offered 30,24,000 shares while in DHARNI Capital Services IPO retail investors are offered 30,24,000 shares. Qualified institutional buyers (QIB) are offered in Chaman Metallics IPO and in DHARNI Capital Services IPO.

	Chaman Metallics IPO	DHARNI Capital Services IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,24,000 shares	2,70,000 shares
QIB
NII	30,24,000 shares	25,50,000 shares
RII	30,24,000 shares	25,50,000 shares
Employee
Others
Total	60,48,000 shares	51,00,000 shares

Bids Received (Subscription)

Chaman Metallics IPO subscribed 207.88x in total, whereas DHARNI Capital Services IPO subscribed 6.57x.

	Chaman Metallics IPO	DHARNI Capital Services IPO
QIB (times)
NII (times)	255.92x	6.32x
Big NII (times)
Small NII (times)
RII (times)	159.85x	6.83x
Employee (times)
Other (times)
Total (times)	207.88x	6.57x

Compare with others

Chaman Metallics IPO	DHARNI Capital Services IPO
Transvoy Logistics India IPO	Agarwal Float Glass India IPO
DHARNI Capital Services IPO	Shera Energy IPO
Aristo Bio-Tech and Lifescience IPO	Gayatri Rubbers and Chemicals IPO
Ducol Organics And Colours IPO	Earthstahl & Alloys IPO
Eastern Logica Infoway IPO	Transvoy Logistics India IPO
Rex Sealing and Packing Industries IPO	Aristo Bio-Tech and Lifescience IPO
SVS Ventures IPO	Ducol Organics And Colours IPO
Anlon Technology Solutions IPO	Eastern Logica Infoway IPO
Moxsh Overseas Educon IPO	Chaman Metallics IPO
RBM Infracon IPO	Rex Sealing and Packing Industries IPO

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