Dharni Capital Services, incorporated on November 12, 2015, offers diversified financial services such as mutual fund distribution services, fixed deposit distribution services, real estate brokerage services, technical consultancy, and outsourcing.
| Bidding Dates |
|---|
| 18 Jan 2023 - 20 Jan 2023 |
| Subscription |
|---|
| 6.53x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 6000 | 5.4 M | ₹20 | 73.64 % | ₹107.4 M | RHP DOC |
Dharni Capital IPO SUBSCRIPTION STATUS
20 Jan '23Dharni Capital IPO overall subscription rate was 6.53 times the total available shares
Dharni Capital IPO retail subscription rate was 6.75 times in the retail segment
Dharni Capital IPO non-institutional investor subscription rate was 6.32 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
20 Jan 2023 (Day 3) | 6.75x | 6.32x | - |
18 Jan 2023 (Day 1) | 0.7x | 2.78x | - |
19 Jan 2023 (Day 2) | 1.8x | 3.09x | - |
Dharni Capital FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY23 | 5.9 | 29.7 | 6.9 | 6.9 |
| FY22 | 9.7 | 146.5 | 8.5 | 8.4 |
| FY21 | 1.5 | 25.5 | 2.5 | 1.4 |
| FY20 | 0.1 | 2.0 | 0.2 | 0.1 |
Dharni Capital IPO SUBSCRIPTION STATUS DETAILS
Dharni Capital had 5.4 M shares on offer
Dharni Capital IPO offer price was ₹20
Dharni Capital IPO minimum Investment was ₹120000
Dharni Capital IPO issue size was ₹ 107.4 M
Dharni Capital had a minimum lot size of 6000 Shares per application
Dharni Capital NUMBER OF SHARES ON OFFER
Dharni Capital IPO IMPORTANT DATES
| Issue Open Date | 18 Jan 2023 |
| Issue close Date | 20 Jan 2023 |
| Allotment Date | 25 Jan 2023 |
| Refund Date | 27 Jan 2023 |
| Demat Account Credit Date | 30 Jan 2023 |
| Listing Date | 31 Jan 2023 |
| Listing on Exchange(s) | BSE |
| Dharni Capital Allotment Status | Exchange |
Dharni Capital IPO subscription opened on 18 Jan 2023, and closed on 20 Jan 2023
IPO allotment for Dharni Capital was finalized on Wednesday, 25 Jan 2023
IPO listing for Dharni Capital was on BSE on Tuesday, 31 Jan 2023
Dharni Capital IPO LISTING GAINS
| Issue Price (adjusted) | 20.0 |
| Listing Open Price | 21.0 |
| Listing Close Price | 20.3 |
| Listing Gain% | 5.0% |
| Current Gain% | 225.0% |
Dharni Capital Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dharni Capital Services Ltd. | 65 | 132.4 | 28.4 | 1.3 | 10.6 | 18.1 | 15.2 | 12.5 | 37.1 | 4.7 | 21.2 | 2.3 | 21.2 |
| Crisil Ltd. | 4607 | 33691 | 38.1 | 1.8 | 8.2 | 25.2 | 16.5 | 3755.6 | 12.1 | 766 | 12 | 120.9 | 21.5 |
| Central Depository Services (India) Ltd. | 1328 | 27755.2 | 58.9 | -12.4 | 23.5 | 23.3 | 18.8 | 1238.5 | 3.3 | 456.1 | -13.4 | 22.5 | -4.8 |
| IIFL Finance Ltd. | 611.8 | 26022.7 | 12.4 | 0 | 1.8 | 11.9 | 1.9 | 13373.8 | 30.6 | 1660.8 | 338.5 | 49.4 | 548.8 |
| National Securities Depository Ltd. | 821.2 | 16424 | 42.3 | 4.5 | 9.5 | 16 | 9.9 | 1660.2 | 8.1 | 379.7 | 10.7 | 19.4 | 9.4 |
| KFIN Technologies Ltd. | 936 | 16178.4 | 47.4 | -1147.9 | 11.7 | 20.5 | 12.4 | 1343.9 | 19.1 | 343.7 | 3.3 | 19.8 | 0 |
Dharni Capital INFORMATION ON IPO ISSUE
About Dharni Capital
Dharni Capital Services, incorporated on November 12, 2015, offers diversified financial services such as mutual fund distribution services, fixed deposit distribution services, real estate brokerage services, technical consultancy, and outsourcing.
Object of the Issue
- Investment in a wholly-owned subsidiary company
- General corporate purposes
Dharni Capital - PROMOTERS
| Name |
|---|
| Hemant Dharnidharka |
| Preeti Saraogi |
Dharni Capital Lead Manager to the Issue
Srujan Alpha Capital Advisors LLP
jinesh@srujanalpha.com
Dharni Capital Registrar to the issue
Cameo Corporate Services Limited
investor@cameoindia.com
Dharni Capital Strengths
Experienced promoters
The company is managed by a team of competent personnel with knowledge of the business' core aspects. The promoters, with their knowledge and experience, are well assisted by associates
Diversified yet integrated mix of business
With a wide range of services, the company is able to cater to varied demands from customers
Long-term relationship with clients
The company is focused on client coverage and its ability to provide timely solutions. Faster resolution of customer complaints, if any, has helped it to establish long-term relationships with high-net-worth clients
Strong risk management system
The company has deployed resources in terms of technology, people and processes for risk management
Dharni Capital Risks
Regulated environment
The company operates in a regulated environment which is subject to change. Existing and new laws, regulations, and government policies affecting the sectors could adversely affect its business, financial condition and results of operations
Competitive industry
Competition from existing and new market participants may affect the results of operations. The real estate broking industry is intensely competitive
Price rise
Commercial property rates in Bangalore have increased after the pandemic, resulting in a decrease in rental yields. There is a risk of property rates going up further, owing to market forces. This could impact the revenue
IPO FAQs
The promoters of the company are Hemant Dharnidharka and Preeti Saraogi.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 20.0 - 20.0.
The IPO application opens on Jan 18, 2023 and closes on Jan 20, 2023.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jan 25, 2023.
The refund will be credited to your account on Jan 27, 2023.
The allotted shares will be credited to your demat on Jan 30, 2023.
Dharni Capital Services Ltd.’s shares listed on the stock exchanges on Jan 31, 2023.