DHARNI Capital Services IPO vs Gayatri Rubbers and Chemicals IPO

Comparision between DHARNI Capital Services IPO and Gayatri Rubbers and Chemicals IPO.

IPO Details

DHARNI Capital Services IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Gayatri Rubbers and Chemicals IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	DHARNI Capital Services IPO	Gayatri Rubbers and Chemicals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Srujan Alpha Capital Advisors Llp	Khambatta Securities Limited
Registrar	Cameo Corporate Services Limited	Skyline Financial Services Private Ltd
Market Maker	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 DHARNI Capital Services IPO is up to ₹10.74 Cr whereas the issue size of the Gayatri Rubbers and Chemicals IPO is up to ₹4.58 Cr. The final issue price of DHARNI Capital Services IPO is ₹20.00 per share and of Gayatri Rubbers and Chemicals IPO is ₹30.00 per share.

	DHARNI Capital Services IPO	Gayatri Rubbers and Chemicals IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹20.00 per share	₹30.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	4000 shares
Fresh Issue Size	53,70,000 shares	15,28,000 shares
Fresh Issue Size (Amount)	up to ₹10.74 Cr	up to ₹4.58 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	53,70,000 shares	15,28,000 shares
Issue Size Total (Amount)	up to ₹10.74 Cr	up to ₹4.58 Cr

IPO Timetable

DHARNI Capital Services IPO opens on Jan 18, 2023, while Gayatri Rubbers and Chemicals IPO opens on Jan 25, 2023. The closing date of DHARNI Capital Services IPO and Gayatri Rubbers and Chemicals IPO is Jan 20, 2023, and Jan 30, 2023, respectively.

	DHARNI Capital Services IPO	Gayatri Rubbers and Chemicals IPO
Anchor Bid Date
Issue Open	Jan 18, 2023	Jan 25, 2023
Issue Close	Jan 20, 2023	Jan 30, 2023
Basis Of Allotment (Tentative)	Jan 25, 2023	Feb 02, 2023
Initiation of Refunds (Tentative)	Jan 27, 2023	Feb 03, 2023
Credit of Share (Tentative)	Jan 30, 2023	Feb 06, 2023
Listing date (Tentative)	Jan 31, 2023	Feb 07, 2023
Anchor Lockin End date 1	Feb 24, 2023	Mar 04, 2023
Anchor Lockin End date 2	Apr 25, 2023	May 03, 2023

Financials

DHARNI Capital Services IPO P/E ratio is 34.48, as compared to Gayatri Rubbers and Chemicals IPO P/E ratio of 23.62.

DHARNI Capital Services IPO

Gayatri Rubbers and Chemicals IPO

Financial

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

Gayatri Rubbers and Chemicals Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	597.65	656.91	6.75	23.56	7.87	0.00
31-Mar-21	556.56	1,563.08	14.53	171.52	22.39	0.00
31-Mar-22	497.77	1,673.73	81.01	155.41	103.40	263.40
14-Apr-22	573.44	120.80	30.69	185.01	134.09	262.58
31-Dec-22	898.47	1,664.84	54.81	462.19	41.19	78.97
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.64%

73.37%

P/E Ratio

34.48

23.62

Market Cap

₹40.74 Cr.

₹17.21 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the DHARNI Capital Services IPO retail investors (RII) are offered 25,50,000 shares while in Gayatri Rubbers and Chemicals IPO retail investors are offered 25,50,000 shares. Qualified institutional buyers (QIB) are offered in DHARNI Capital Services IPO and in Gayatri Rubbers and Chemicals IPO.

	DHARNI Capital Services IPO	Gayatri Rubbers and Chemicals IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,70,000 shares	80,000 shares
QIB
NII	25,50,000 shares	7,24,000 shares
RII	25,50,000 shares	7,24,000 shares
Employee
Others
Total	51,00,000 shares	14,48,000 shares

Bids Received (Subscription)

DHARNI Capital Services IPO subscribed 6.57x in total, whereas Gayatri Rubbers and Chemicals IPO subscribed 37.94x.

	DHARNI Capital Services IPO	Gayatri Rubbers and Chemicals IPO
QIB (times)
NII (times)	6.32x	33.65x
Big NII (times)
Small NII (times)
RII (times)	6.83x	42.23x
Employee (times)
Other (times)
Total (times)	6.57x	37.94x

Compare with others

DHARNI Capital Services IPO	Gayatri Rubbers and Chemicals IPO
Agarwal Float Glass India IPO	Patron Exim IPO
Shera Energy IPO	Lead Reclaim and Rubber Products IPO
Gayatri Rubbers and Chemicals IPO	Indong Tea Company IPO
Earthstahl & Alloys IPO	Agarwal Float Glass India IPO
Transvoy Logistics India IPO	Shera Energy IPO
Aristo Bio-Tech and Lifescience IPO	Earthstahl & Alloys IPO
Ducol Organics And Colours IPO	Transvoy Logistics India IPO
Eastern Logica Infoway IPO	DHARNI Capital Services IPO
Chaman Metallics IPO	Aristo Bio-Tech and Lifescience IPO
Rex Sealing and Packing Industries IPO	Ducol Organics And Colours IPO

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