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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:
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.
| 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 | 1469.4 | 96.58 | 226.74 | 0 |
| 30-Sep-22 | 292.91 | 304.95 | 58.73 | 285.74 | 0 |
| Amount in ₹ Lakhs | |||||
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
| 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 Size | 5,370,000 shares of ₹1 (aggregating up to ₹10.74 Cr) |
| Fresh Issue | 5,370,000 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 Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | SUNFLOWER BROKING PVT. LTD. |
| Company Promoters | Mr. Hemant Dharnidharka and Mrs. Preeti Saraogi are the promoters of the company. |
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 |
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 |
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.64% |
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...
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)
| Category | Subscription (times) |
|---|---|
| NII | 6.32 |
| Retail | 6.83 |
| Total | 6.57 |
| 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 |
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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/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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
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.
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