DHARNI Capital Services IPO will open for subscription from 18 January 2023. the company aims for an issue size of ₹10.74 Cr through this IPO.
About Company
Incorporated in 2015, Dharni Capital Services is engaged in providing a variety of financial services. The company offers diversified financial services such as Mutual Fund Distribution Services, Fixed Deposit Distribution Services, Real Estate Brokerage Services, Technical Consultancy, and Outsourcing.
It offers a technology-enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial product distribution and presence across both online and offline channels. The company is a growing Mutual Fund distributor in terms of commission and average asset under management (AAUM) with a CAGR of 109% and 86% respectively for the three-year period ending FY 2022.
The company has clients from 11+ states, 300+ clients, and INR 200 crore AUM as on March 2022. As on 30 September 2022, and 31 March 2022, its assets under management from the mutual fund distribution business (‘AUM’) stood at INR 53.79 crore and INR 63.67 crore respectively.
Basic details about the company
| Full name | DHARNI Capital Services Limited |
| Sector | Finance |
| Industry | Finance – Asset Management |
| Company Website | https://www.dharnicapital.com/ |
The objective of the Issue
- Investment in a Wholly-owned Subsidiary Company.
- General corporate purposes
Major Competitive strengths
- Experienced management team.
- Good customer base and trust factor.
- Good financial product portfolio.
IPO Timetable
| IPO Opening date | 18 January 2023 |
| IPO Closing | 20 January 2023 |
| Basis of Allotment | 25 January 2023 |
| Initiation Refund | 27 January 2023 |
| Credit to Demat Account | 30 January 2023 |
| Listing Date | 31 January 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹10.74 Cr – 5,370,000 shares |
| Fresh Issue | ₹10.74 Cr – 5,370,000 shares |
| Offer for sale | Nil |
| Face value | ₹1 per share |
| Offer price | ₹20 per share |
| Lot size | 6000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| HNI (Min) | 2 | 12,000 | ₹240,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 19.78 | 255.41 | 1,465.28 | 296.94 |
| Expenses | 18.83 | 235.88 | 1,340.53 | 226.58 |
| Net income | 1.34 | 15.26 | 96.58 | 58.73 |
| Margin (%) | 6.77 | 5.97 | 6.59 | 19.78 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 1.34 | 15.26 | 44.71 |
| PE ratio | 14.93 | 1.31 | 5.46 |
| RONW (%) | (32.60) | 136.74 | 42.60 |
| NAV | (4.11) | 11.16 | 1.51 |
| EBITDA (%) | 23 | 8.57 | 9.17 |
Company Promoters
- Mr. Hemant Dharnidharka
- Mrs. Preeti Saraogi
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.64%% |
Lead Manager(s)
- Srujan Alpha Capital Advisors LLP
IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”,
#1, Club House Road,
Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700, 28460390
Email: investor@cameoindia.com
Website: www.cameoindia.com
Contact Details
DHARNI CAPITAL SERVICES LIMITED
226, Brigade Metropolis Arcade
Whitefield Main Road, Garudacharpalya
Bangalore 560048, Karnataka
Phone: +91 9945164270
Email: info@dharnigroup.com
Website: www.dharnigroup.com
Allotment Status
DHARNI Capital IPO allotment will be available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Final thoughts
DHARNI Capital Services IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
