DHARNI Capital Services IPO vs Shera Energy IPO

Comparision between DHARNI Capital Services IPO and Shera Energy IPO.

IPO Details

DHARNI Capital Services IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Shera Energy IPO is a SME Book Built Issue proposed to list at NSE SME.

	DHARNI Capital Services IPO	Shera Energy IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Srujan Alpha Capital Advisors Llp	Holani Consultants Private Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Holani Consultants Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		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 Shera Energy IPO is up to ₹35.20 Cr. The final issue price of DHARNI Capital Services IPO is ₹20.00 per share and of Shera Energy IPO is ₹57.00 per share.

	DHARNI Capital Services IPO	Shera Energy IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)		₹55.00 per share
Issue Price (Upper)		₹57.00 per share
Issue Price (Final)	₹20.00 per share	₹57.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	2000 shares
Fresh Issue Size	53,70,000 shares	10,48,000 shares
Fresh Issue Size (Amount)	up to ₹10.74 Cr	up to ₹5.97 Cr
OFS Issue Size		51,28,000 shares
OFS Issue Size (Amount)		up to ₹29.23 Cr
Issue Size Total	53,70,000 shares	61,76,000 shares
Issue Size Total (Amount)	up to ₹10.74 Cr	up to ₹35.20 Cr

IPO Timetable

DHARNI Capital Services IPO opens on Jan 18, 2023, while Shera Energy IPO opens on Feb 07, 2023. The closing date of DHARNI Capital Services IPO and Shera Energy IPO is Jan 20, 2023, and Feb 09, 2023, respectively.

	DHARNI Capital Services IPO	Shera Energy IPO
Anchor Bid Date		Feb 06, 2023
Issue Open	Jan 18, 2023	Feb 07, 2023
Issue Close	Jan 20, 2023	Feb 09, 2023
Basis Of Allotment (Tentative)	Jan 25, 2023	Feb 14, 2023
Initiation of Refunds (Tentative)	Jan 27, 2023	Feb 15, 2023
Credit of Share (Tentative)	Jan 30, 2023	Feb 16, 2023
Listing date (Tentative)	Jan 31, 2023	Feb 17, 2023
Anchor Lockin End date 1	Feb 24, 2023	Mar 16, 2023
Anchor Lockin End date 2	Apr 25, 2023	May 15, 2023

Financials

DHARNI Capital Services IPO P/E ratio is 34.48, as compared to Shera Energy IPO P/E ratio of 15.16.

DHARNI Capital Services IPO

Shera Energy 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

Shera Energy Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	27,731.94	42,619.14	361.43	5,624.34	11,062.67
31-Mar-21	29,315.64	42,271.92	502.67	6,075.60	10,542.28
31-Mar-22	32,523.73	52,458.21	699.50	6,673.35	11,812.67
30-Sep-22	33,832.97	33,953.72	428.25	7,054.88	11,437.59
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

66.57%

Promoter Shareholding (Post-Issue)

73.64%

63.51%

P/E Ratio

34.48

15.16

Market Cap

₹40.74 Cr.

₹129.89 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 Shera Energy IPO retail investors are offered 25,50,000 shares. Qualified institutional buyers (QIB) are offered in DHARNI Capital Services IPO and 25,06,000 shares in Shera Energy IPO.

	DHARNI Capital Services IPO	Shera Energy IPO
Anchor Investor Reserveration		15,00,000 shares
Market Maker Reserveration	2,70,000 shares	4,00,000 shares
QIB		25,06,000 shares
NII	25,50,000 shares	8,20,000 shares
RII	25,50,000 shares	18,50,000 shares
Employee		6,00,000 shares
Others
Total	51,00,000 shares	57,76,000 shares

Bids Received (Subscription)

DHARNI Capital Services IPO subscribed 6.57x in total, whereas Shera Energy IPO subscribed 47.36x.

	DHARNI Capital Services IPO	Shera Energy IPO
QIB (times)		8.73x
NII (times)	6.32x	190.12x
Big NII (times)
Small NII (times)
RII (times)	6.83x	51.30x
Employee (times)		1.46x
Other (times)
Total (times)	6.57x	47.36x

Compare with others

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

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