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

Jan 18, 2023 - Jan 20, 2023

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 (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-22245.241469.496.58226.740
30-Sep-22292.91304.9558.73285.740
Amount in ₹ Lakhs

Objects of the Issue

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 Details

IPO Date Jan 18, 2023 to Jan 20, 2023
Listing Date Tuesday, January 31, 2023
Face Value ₹1 per share
Price ₹20 per share
Lot Size 6000 Shares
Issue Size5,370,000 shares of ₹1
(aggregating up to ₹10.74 Cr)
Fresh Issue5,370,000 shares of ₹1
(aggregating up to ₹10.74 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
P/E (x)34.48
NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Market MakerSUNFLOWER BROKING PVT. LTD.
Company Promoters

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

DHARNI Capital Services IPO Tentative Timetable

DHARNI Capital Services IPO opens on Jan 18, 2023, and closes on Jan 20, 2023. The DHARNI Capital Services IPO bid date is from Jan 18, 2023 10.00 A.M. to Jan 20, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jan 18, 2023
Closing Date Jan 20, 2023
Basis of Allotment Jan 25, 2023
Initiation of Refunds Jan 27, 2023
Credit of Shares to Demat Jan 30, 2023
Listing Date Jan 31, 2023

DHARNI Capital Services IPO Lot Size

The DHARNI Capital Services IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).

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

DHARNI Capital Services IPO Promoter Holding

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

DHARNI Capital Services IPO Review

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 Jan 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)
NII6.32
Retail6.83
Total6.57

DHARNI Capital Services IPO Prospectus

DHARNI Capital Services IPO Rating

161
3.9
Rating:Rated 3.9 stars
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DHARNI Capital Services IPO Listing Date

Listing Date Tuesday, January 31, 2023
BSE Script Code 543753
NSE Symbol
Listing In
ISIN INE0M9Q01011
IPO Price ₹20 per share
Face Value ₹1 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹20.00
₹21.00
₹20.20
₹21.50
₹20.25

Company Contact Information

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 Review

DHARNI Capital Services IPO Recommendation Summary

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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 Jan 18, 2023, and closes on Jan 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 Jan 18, 2023 and closes on Jan 20, 2023.

DHARNI Capital Services IPO lot size is 6000 Shares and the minimum order quantity is .

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 Jan 25, 2023, and the allotted shares will be credited to your demat account by Jan 30, 2023. Check the DHARNI Capital Services IPO allotment status.

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