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DHARNI Capital Services Limited IPO (DHARNI Capital Services IPO) Detail

January 18, 2023 - January 20, 2023

DHARNI Capital Services IPO is a fixed price issue of Rs 10.74 crores. The issue is entirely a fresh issue of 53.7 lakh shares.

DHARNI Capital Services IPO bidding started from January 18, 2023 and ended on January 20, 2023. The allotment for DHARNI Capital Services IPO was finalized on Wednesday, January 25, 2023. The shares got listed on BSE SME on January 31, 2023.

DHARNI Capital Services IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹240,000.

Srujan Alpha Capital Advisors Llp is the book running lead manager of the DHARNI Capital Services IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for DHARNI Capital Services IPO is Sunflower Broking.

Refer to DHARNI Capital Services IPO RHP for detailed information.

DHARNI Capital Services IPO Details

IPO Date January 18, 2023 to January 20, 2023
Listing Date January 31, 2023
Face Value ₹1 per share
Price ₹20 per share
Lot Size 6000 Shares
Total Issue Size5,370,000 shares
(aggregating up to ₹10.74 Cr)
Fresh Issue5,370,000 shares
(aggregating up to ₹10.74 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion270,000 shares
Sunflower Broking

DHARNI Capital Services IPO Reservation

DHARNI Capital Services IPO offers 5,370,000 shares. 2,550,000 (47.49%) to NII, 2,550,000 (47.49%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered270,000 (5.03%)
Other Shares Offered2,550,000 (47.49%)
Retail Shares Offered2,550,000 (47.49%)
Total Shares Offered5,370,000 (100%)

DHARNI Capital Services IPO Timeline (Tentative Schedule)

DHARNI Capital Services IPO opens on January 18, 2023, and closes on January 20, 2023.

IPO Open Date Wednesday, January 18, 2023
IPO Close Date Friday, January 20, 2023
Basis of Allotment Wednesday, January 25, 2023
Initiation of Refunds Friday, January 27, 2023
Credit of Shares to Demat Monday, January 30, 2023
Listing Date Tuesday, January 31, 2023
Cut-off time for UPI mandate confirmation 5 PM on January 20, 2023

DHARNI Capital Services IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000
HNI (Min) 2 12,000 ₹240,000
Lot Size Calculator

DHARNI Capital Services IPO Promoter Holding

Mr. Hemant Dharnidharka and Mrs. Preeti Saraogi are the promoters of the company.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 73.64%

About DHARNI Capital Services Limited

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 Financials

DHARNI Capital Services Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2019.1619.871.34-4.1122.48
31-Mar-2125.35255.4115.2611.169.35
31-Mar-22245.241,469.4096.58226.740.00
30-Sep-22292.91304.9558.73285.740.00
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of DHARNI Capital Services IPO is Rs 40.74 Cr.

Pre IPO Post IPO
P/E (x) 34.48

Objects of the Issue (DHARNI Capital Services IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Investment in a Wholly-owned Subsidiary Company; and
  2. General corporate purposes.

DHARNI Capital Services IPO Review (Avoid)

[Dilip Davda]  The company is operating in a highly competitive segment. The sudden boost in its profits for H1 of FY23 raises eyebrows. Based on these super earnings, the issue is aggressively priced. A very small equity base post-IPO indicates longer gestation for migration to the mainboard. There is no harm in skipping this pricey issue. Read detail review...


DHARNI Capital Services IPO Subscription Status (Bidding Detail)

The DHARNI Capital Services IPO is subscribed 6.57 times on January 20, 2023 6:58:00 PM. The public issue subscribed 6.83 times in the retail category, times in the QIB category, and 6.32 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other6.32
Retail6.83
Total6.57

DHARNI Capital Services IPO Prospectus

DHARNI Capital Services IPO Rating

161
3.9
Rating:Rated 3.9 stars
Vote Here ...

DHARNI Capital Services IPO Listing Details

Listing Date January 31, 2023
BSE Script Code 543753
NSE Symbol
ISIN INE0M9Q01011
Final Issue Price ₹20 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹20.00
₹21.00
₹20.20
₹21.50
₹20.25

Check IPO Performance…

DHARNI Capital Services Limited Contact Details

DHARNI Capital Services Limited
226, Brigade Metropolis Arcade,
Whitefield Main Road, Garudacharpalya,
Bangalore - 560048
Phone: +91 9945164270
Email: info@dharnigroup.com
Website: http://www.dharnicapital.com/

DHARNI Capital Services IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

DHARNI Capital Services IPO - Buy or Not

DHARNI Capital Services IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 4

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DHARNI Capital Services IPO FAQs

DHARNI Capital Services IPO is a SME IPO of 5,370,000 equity shares of the face value of ₹1 aggregating up to ₹10.74 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.

The IPO opens on January 18, 2023, and closes on January 20, 2023.

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

Zerodha customers can apply online in DHARNI Capital Services IPO using UPI as a payment gateway. Zerodha customers can apply in DHARNI Capital Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in DHARNI Capital Services IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'DHARNI Capital Services IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The DHARNI Capital Services IPO opens on January 18, 2023 and closes on January 20, 2023.

DHARNI Capital Services IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.

You can apply in DHARNI Capital Services 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for DHARNI Capital Services IPO will be done on Wednesday, January 25, 2023, and the allotted shares will be credited to your demat account by Monday, January 30, 2023. Check the DHARNI Capital Services IPO allotment status.

The DHARNI Capital Services IPO listing date is on January 31, 2023.
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DHARNI Capital Services IPO Message Board

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165 Comments

97. RJrahul |   Link |  Bookmark |January 31, 2023 10:00:00 AM
Can we buy Chaman metallic now ?
96. SSingh |   Link |  Bookmark |January 31, 2023 9:25:15 AM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Ye bada hai difficult time hota hai hold karne ke liye jab listing issue price ke aas pass ho..
Hum to hold kiye baithe hai Bajrang bali ka naam leke with SL at IPO Price..
Jai Shree Ram 🙏 🙏
95. SSingh |   Link |  Bookmark |January 31, 2023 9:03:19 AM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Dear @MRavi Sir,
Did you buy this in preopen too? :)
94. hunt |   Link |  Bookmark |January 31, 2023 8:53:47 AM
sold at pre open.
93. kml |   Link |  Bookmark |January 31, 2023 8:53:38 AM (300+ Posts)
Koi bada khiladi 21 par bada maal kharidne ke liye khada he, dusra 20.20 pe
92. Earthking |   Link |  Bookmark |January 31, 2023 8:51:01 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Listed @21 ... good demand seen ... hope it follows up ...
91. kml |   Link |  Bookmark |January 31, 2023 8:50:36 AM (300+ Posts)
Anyone buy in preopen?
90. Brs |   Link |  Bookmark |January 31, 2023 8:49:07 AM
Sold in 21
89. SKalyan |   Link |  Bookmark |January 31, 2023 8:41:11 AM (200+ Posts)
good buying support listing should be 23 to 24.......
88. SSingh |   Link |  Bookmark |January 31, 2023 8:34:19 AM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Mildly positive listing in ₹21-₹22 range so far.. Should bounce a little at last moment and final listing price should be around ₹23.25.. Keeping fingers crossed… 🤞🤞
87. Gaurav DD dimer |   Link |  Bookmark |January 31, 2023 5:51:21 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Good Luck for Listing
86. SSingh |   Link |  Bookmark |January 31, 2023 4:50:06 AM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
All the best to all the allottees for a good listing… 🎉🎉👍👍

I am also having 1 lot 😊🙏🏻
85. anantagg |   Link |  Bookmark |January 30, 2023 11:17:03 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Highly Overvalued company

Would recommend to exit as soon as possible.
84. SSingh |   Link |  Bookmark |January 30, 2023 2:09:50 PM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Dharni listing tomorrow. Any guess how is it going to be? 😊
84.5. SSingh |   Link |  Bookmark |January 30, 2023 4:34:54 PM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Thanks sir 🙏🏻
84.6. IPO LIFE |   Link |  Bookmark |January 30, 2023 9:36:12 PM
at 24
83. Elon Rusk |   Link |  Bookmark |January 30, 2023 4:34:32 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
This will have more listing gains than Aristo Bio
82. Trueinfo |   Link |  Bookmark |January 27, 2023 7:28:15 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Not alloted. 0/2 HNI. Don't know whether to feel happy or sad. Neutral feeling under the circumstances.
81. pritamshah |   Link |  Bookmark |January 27, 2023 5:00:25 PM
Applied 1
Got 1

1st sme allotment
80. Vultureee |   Link |  Bookmark |January 26, 2023 9:56:54 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Opening bhav
Adani 57/59
Aristo 35/40
Dharni 3/4
Earth 30₹
Gayathri rubber 4/5
79. enthuIPO |   Link |  Bookmark |January 26, 2023 9:34:19 AM
1/2 allotted
78. SANJEEV SOOD |   Link |  Bookmark |January 26, 2023 9:07:11 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Score 100%.. Applied 1 allotted 1.