DHARNI Capital Services IPO

DHARNI Capital Services IPO

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 nameDHARNI Capital Services Limited
IndustryFinance – Asset Management
Company Websitehttps://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 date18 January 2023
IPO Closing20 January 2023
Basis of Allotment25 January 2023
Initiation Refund27 January 2023
Credit to Demat Account30 January 2023
Listing Date31 January 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹10.74 Cr – 5,370,000 shares
Fresh Issue₹10.74 Cr – 5,370,000 shares
Offer for saleNil
Face value₹1 per share
Offer price₹20 per share
Lot size6000 Shares
Retail Allocation50%
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)16000₹120,000
Retail (Max)16000₹120,000
HNI (Min)212,000₹240,000

Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Net income1.3415.2696.5858.73
Margin (%)6.775.976.5919.78
(Amount in ₹ Crores)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio14.931.315.46
RONW (%)(32.60)136.7442.60
EBITDA (%)238.579.17

Company Promoters

  • Mr. Hemant Dharnidharka
  • Mrs. Preeti Saraogi

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.64%%

Lead Manager(s)

  • Srujan Alpha Capital Advisors LLP

IPO Registrar

“Subramanian Building”,
#1, Club House Road,
Chennai – 600 002, Tamil Nadu
 +91-44-40020700, 28460390

Contact Details

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

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