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Dhanus Technologies Limited IPO (Dhanus Technologies IPO) Detail

Sep 10, 2007 - Sep 12, 2007

Incorporated in 1993, Dhanus Technologies Limited is a Chennai based communication services company. Dhanus offers Telecommunication Services, Unified Messaging and Enhanced Logistics services. Dhanus also has BPO operations for telemarketing services to the US, UK and Australia markets.

Dhanus Technologies operates in following areas:

1. World Calling Cards (V-Tel World’s Calling Cards): Dhanus offers Global Prepaid Calling Cards to various markets in India and abroad and is the only Indian company in this sector.

2. ITES/BPO Services: This involves BPO Services and Software Services & Development. Dhanus started its BPO operations in 2006 by acquiring a Chennai based BPO company. The BPO operations currently have 85 seats and proposed to be expanded in stages to 500 seats by end of 2007. The division has been offering Debt Solutions and Telemarketing services for the UK, US and Australia markets.

Dhanus also has software team specializes in building software applications in the areas like IP Telephony, IVR applications, Custom CRM Applications and Web Based Business Process Applications.

3. Telematics (FleeTrac services): Dhanus has developed a service, which would revolutionize the growth of Logistic operators - A Fleet and Vehicle tracking and management service, FleeTrac™.

FleeTrac is an integrated tracking, communication, monitoring and enterprise management product for vehicle owners. FleeTrac uses the GPS system for vehicle location. The location information along with other data is conveyed to Dhanus’ central data centre in Chennai through Internet via GPRS service.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. To fund the acquisition of property in Chennai city and, construction thereon of building to house the Corporate office, Network Operating Centre, ITES, Software Support Services, Customer Support Services, and Software Development initiatives, including interiors and power back-up support;
2. For expansion and improvement of the Company’s infrastructure support systems by purchase of Network Operating Centre equipments for its ITES and FleeTrac businesses.
3. To purchase of equipments such as Development Servers, Workstations, Software for ITeS agents, and the management team of ITeS services;
4. To purchase equipments for FleeTrac services;
5. To set up of countrywide network of sales and support offices.

Dhanus Technologies IPO Details

IPO Opening Date Sep 10, 2007
IPO Closing Date Sep 12, 2007
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹280 to ₹295 per equity share
Market Lot 20 Shares
Min Order Quantity 20 Shares
Listing At BSE, NSE
Issue Size3,835,000 Eq Shares of ₹10
(aggregating up to ₹113.13 Cr)

Dhanus Technologies IPO Lot Size

The Dhanus Technologies IPO market lot size is 20 shares. A retail-individual investor can apply for up to 33 lots (660 shares or ₹194,700).

Application Lots Shares Amount (Cut-off)
Minimum 1 20 ₹5,900
Maximum 33 660 ₹194,700

IPO Notices

External Link

Withdrawal Option to Investors:

Last date for receipt of withdrawal: October 06, 2007

All Applicants (including QIBs) seeking to withdraw their application should submit their request along with the details of applications such as Name of Applicant(s), Address, Application Form No, Number of shares bid for, Amount paid with the Application Form, Cheque Number and Bank/Branch on which drawn and duly signed by the applicants (in case of joint applications, by all the applicants) to the Registrar to the Issue marked “Kind Attn.: Mr. R.D. Ramasamy” at the following address:

Cameo Corporate Services Limited
Unit: Dhanus Technologies Limited
'Subramanian Buildings'
No. 1, Club House Road
Chennai 600002

Individual intimation letters regarding this public notice have been dispatched to all the applicants and the dispatch has been completed on September 25, 2007.


Notice to Investors of Public issue of Dhanus Technologies Ltd.:

Bombay Stock Exchange (BSE)
Notice no: 20070927-10
Notice date: Thursday, September 27, 2007
Subject: Notice to Investors of Public issue of Dhanus Technologies Ltd.

Dhanus Technologies Ltd. has come out with an initial public issue of 38,35,000 equity shares of Rs. 10 each. The issue opened on September 10, 2007 and closed on September 12, 2007. Subsequent, to the closure of the public issue, the Company has come out with a public notice in the Economic Times (Mumbai edition), dated September 27, 2007. A copy of the same is enclosed herewith. Investors in the issue are requested to take note of the same.

Click here to check the notice.

Dhanus Technologies IPO Subscription Status (Bidding Detail)

The Dhanus Technologies IPO is subscribed 28.47 times on 9/12/2007 5:00:00 PM. The public issue subscribed 18.67 times in the retail category, 36.17 times in the QIB category, and 26.73 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Dhanus Technologies IPO Prospectus

Dhanus Technologies IPO Rating

139
3.6
Rating:Rated 3.6 stars
Vote Here ...

Dhanus Technologies IPO Listing Date

Listing Date Wednesday, October 17, 2007
BSE Script Code 532903
NSE Symbol DHANUS
Listing In B1 Group of Securities
ISIN INE406H01016
IPO Price ₹295 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹295.00
₹300.20
₹251.60
₹350.00
₹311.15
NSE
₹295.00
₹295.00
₹260.00
₹327.80
₹309.75

Company Contact Information

Dhanus Technologies Limited
6-B, Mena Kampala Arcade,
113/114, Sir Theygaraya Road, T. Nagar,
Chennai – 600 017 India
Phone: +91 44 28151135
Email: ipo@dhanus.net
Website: http://www.dhanus.net

Dhanus Technologies IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: dhanus@cameoindia.com
Website: https://online.cameoindia.com/

Dhanus Technologies IPO Reviews / Ratings

  • Business Line - Avoid
  • Keynote Capitals Ltd - Apply
  • S P Tulsian - Apply

Dhanus Technologies IPO Lead Manager(s)

Dhanus Technologies IPO FAQs

Dhanus Technologies IPO is a main-board IPO of 3,835,000 equity shares of the face value of ₹10 aggregating up to ₹113.13 Crores. The issue is priced at ₹280 to ₹295 per equity share. The minimum order quantity is 20 Shares.

The IPO opens on Sep 10, 2007, and closes on Sep 12, 2007.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Dhanus Technologies IPO opens on Sep 10, 2007 and closes on Sep 12, 2007.

Dhanus Technologies IPO lot size is 20 Shares and the minimum order quantity is 20 Shares.

You can apply in Dhanus Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Dhanus Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Dhanus Technologies IPO allotment status.

The Dhanus Technologies IPO listing date is on Wednesday, October 17, 2007.

Dhanus Technologies IPO Message Board

Ranked Members  Ranked Members

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592 Comments

592. arun |Oct 31, 2007 5:22:12 AM
frieds..
i hv 100 shres of dhanush through allotment..wat would u suggest whether i hold them or sell at current price 310..

plz advise..
thanks
591. PJ |Oct 29, 2007 3:50:07 PM
Dear RC

Just sopke to Cameo persons. They are saying that they have dispatched thru registered post.
I am waiting today and tomorrow ask for duplicate refund order. ECS they are denying.Pls let me know your experience.
PJ
590. RC |Oct 29, 2007 1:26:59 PM
dear pj,
what is cameo saying abount your refund have they dispatch warrant for it or will it be by ECS mode.
589. PJ |Oct 28, 2007 11:56:11 PM
Dear RC

Thanks for reply, i am going to call registrar tomm and post the reply i receive. What should i do i am travelling to abroad and will be outside for another opne Month.
Pls tell Thx.
588. RC |Oct 28, 2007 3:10:31 PM
Daear PJ & manisha the same is case with my refund.I had been alloted 20 shares but still i am waiting for ECS credit which as per Cameo should be in my A/C on or before 16.10.07. worst they people do not give any satisfactory answer.
587. PJ |Oct 24, 2007 9:19:36 PM
I have not yet received refund. Is it the case with everybody? pls tell
586. New commer |Oct 23, 2007 12:30:55 PM
what price is the maximum price should i expect from it today ?
585. nisha wadhawan |Oct 22, 2007 5:32:34 PM
i had applied for for shares in dhanus technologies vide application number 33914882. i had not withdrawn my application. still no shares were alloted to me. also i have not received the refund of Rs.94943.12 till date. please do the needfull and oblige.
584. New commer |Oct 22, 2007 4:42:30 PM
at what price i should sell dhanush ?
583. Raghu |Oct 20, 2007 12:49:46 AM
Dhanus paid Interest not because of good Management, but it is because of policy set by SEBI. If the company delays the issue for any reason more that a month, then they have to pay interest at 15% to investors. We got the Interest because of Good policy set by Sebi. Otherwise these companies would have cheated us!!!
582. manik chawla |Oct 19, 2007 5:31:55 PM
take it 400. make profit and move tp religare and reliance power
581. New commer |Oct 19, 2007 4:18:44 PM
WHAT MAXIMUM PRICE SHOULD I EXPECT FOR DHANUSH?
580. manik chawla |Oct 19, 2007 8:54:36 AM
Hi Raja, I have hold my 20 shares which i got in allotment and then purchased 38 more at 298. I don't go by reviews of people. You need to look deeper like company is in which field and how is the management.Do you think if the management of the company was not good then they have given the interest. It is a company which will prove that it is one of the best. Just need 5 good trading sessions . even normal trading sessions will make 400 cross. I still feel it's the bad luck that share market crashed on the day when it got listed otherwise it should have opened at 400 +.
579. RAJAJI |Oct 18, 2007 7:52:47 PM
WHT I MEANT WAS THAT WHOSE WHO HAD APPLIED FOR LISTING GAINS HAS EARNED 000 OR MAY BE NE - RETURN.
IN YESTERDAYS FALL WHT SO EVER U MUST HAVE BOUGHT WENT UP MORE THEN 10-20 % FROM LOW.
I DONT THINK THOSE WHO HAD APPLIED FOR LISTING MUST HAVE HOLD IT .
THEN ALSO LONG TERM INVESTERS LIKE AKA & JOSHUA HAVE EARNED.
BUT FRIENDS UR GOOD LUCK WHT I SAY IS THAT THE IPOS WHICH LIST BELOW ISSUE PRICE ARE WORST.
EVERONN HAD OPENED170 % UP IN FALLING MKT {500 PTS}
N E WAYS .,,,,,,BEST OF LUCK
578. JOSHUA |Oct 18, 2007 2:28:58 PM
Dear kota and raja i think yu people have made mistake this is wounderful stock like educom sol can reach to 1000+ in 3monts time
577. JOSHUA |Oct 18, 2007 2:26:03 PM
This stocks is great it needs 5 more trading session to reach 550+
576. Joshua |Oct 18, 2007 2:21:21 PM
Friends wait this stock has great potential hold for 10 days for good return
575. Sajal GM |Oct 18, 2007 1:06:07 PM
I had applied and asked for refund for Rs76700/-(Got back my money with interst) Today with that money bought 250 shares at Rs 330/- at 10am and sold the entire lot at Rs 356/-now at 12.04pm ..making a profit of Rs 6500...Thats called a real smart trading//././.wat say guys??? and specialy the allotesss ....Hope you learn sumthing from this art?? Wont u??
574. manik chawla |Oct 18, 2007 12:42:38 PM
Hi Guys . Rocket just launched . 350 crossed. We will still dance and will have DJ party ... Those who have withdrawn the money .. badluck to u all....
573. shareking |Oct 18, 2007 12:12:54 PM
the ROCkET is about to launch..... buy as much as possible...