NEWS

DHARNI Capital Services Limited IPO : Company Details

DHARNI Capital Services Limited IPO is set to launch on 18 Jan., 2022. The company initiated its business operation in 2015. Their services are available to the users in the form of Fixed Deposit Distribution Services, Mutual Fund Distribution Services, Technical Consultancy and Outsourcing and Real Estate Broking Services. Its client portfolio is spread across 11 states and it has a net 200 Crore AUM. It has more than 300 clients for its services. The company’s presence is there in both online and offline mode.

The company is an listed distributor with Kotak Mutual Fund, ICICI Prudential Mutual Fund, Axis Mutual Fund, SBI Mutual Fund, Kotak Mutual Fund, HDFC Mutual Fund, Aditya Birla Sunlife Mutual Fund, UTI Mutual Fund, Nippon Mutual Fund etc.

DHARNI Capital Services Limited IPO DETAILS

DHARNI Capital Services Limited IPO is set to launch on 18 Jan., 2022. The subscription timeline extends till 20 Jan, 2023. The size for the IPO is 10.74 Crore Rs.. Shares issued through fresh issues are worth 10.74 Crore Rs. No shares are issued through Offer For Sale mode. The lot size is 6000 shares and the price is 20 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.1 and this is a Fixed Price issue. The registrar for the company is Cameo Capital Services Limited.

Tabular Description of DHARNI Capital Services Limited IPO

IPO OPENING DATE	18 Jan., 2022
CLOSING DATE FOR IPO	20 Jan, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	1 Re. per share
IPO price band	20 Rs. per share
LOT SIZE	6000 shares
MINIMUM ORDER QUANTITY	6000 shares
ISSUE SIZE	10.74 Crore Rs.
OFFER FOR SALE	No shares offered through this mode
FRESH ISSUE	10.74 Crore Rs.
LISTING AT	BSE SME
LISTING DATE	31 Jan, 2023

IMPORTANT DATES

IPO OPENING DATE	18 Jan., 2022
CLOSING DATE FOR IPO	20 Jan, 2023
IPO ALLOTMENT DATE	25 Jan, 2023
REFUNDS	27 Jan, 2023
DEMAT A/C CREDITED ON	30 Jan, 2023
IPO LISTING DATE	31 Jan, 2023

DHARNI Capital Services Limited IPO begins for subscription from 18 Jan., 2022. The IPO subscription would continue till 20 Jan, 2023. The allotment status for the shareholders who applied would come on 25 Jan, 2023. The refunds for the ones who did not get allotment would be initiated on 27 Jan, 2023. The DEMAT accounts of shareholders would be credited on 30 Jan, 2023. The listing of the company would be accompanied on 31 Jan, 2023.

Lead Managers

The lead managers are :

Surjan Alpha Capital Advisors LLP

The minimum lot size for the company is decided at 6000 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 12000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	6000 shares	120000 Rs.
Maximum	12000 shares	240000 Rs.

OBJECTIVES FOR THE IPO

For General corporate purposes.
The funds can be used for working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2021-22	2020-21	2019-20
ASSETS	245	25	19
Revenue	1470	255	20
PAT	97	16	1.34

Dharni Capital Services Limited has been developing rapidly. Its asset base was 19 Lakh Rs in 2020 which increased to 25 Lakh Rs in 2021 and is 245 Lakh Rs currently. Apart from that it has a revenue increase of more than 1200 Lakh Rs in 2022. The revenue was 255 Lakh Rs in 2021 which increased to 1470 Lakh Rs. in 2022. The same was 20 Lakh Rs in 2020. The profit of the company was 97 Lakh Rs in 2022, 16 Lakh Rs in 2021 and 1.34 Lakh Rs in 2020.

PROS

DHARNI Capital Services Limited’s services are available to the users in the form of Fixed Deposit Distribution Services, Mutual Fund Distribution Services, Technical Consultancy and Outsourcing and Real Estate Broking Services. The company’s presence is there in both online and offline mode.
Its client portfolio is spread across 11 states and it has a net 200 Crore AUM. It has more than 300 clients for its services.
The company is an listed distributor with Kotak Mutual Fund, ICICI Prudential Mutual Fund, Axis Mutual Fund, SBI Mutual Fund, Kotak Mutual Fund, HDFC Mutual Fund, Aditya Birla Sunlife Mutual Fund, UTI Mutual Fund, Nippon Mutual Fund etc.