Dharni Capital Services IPO: Here's What You Need to Know

Do you know about Dharni Capital Services IPO? Do you have information about its key points? Read all to know all about the issue and decide whether to invest or not.

Dharni Capital Services Launch IPO

The Dharni Capital Services Limited’s Initial Public Offering (IPO) opened on 18th January 2023 and will remain open for subscription until 20th January 2023. Shares of the company are trading at a price of INR 2 per share in the grey market, and this article will provide all the key information about the IPO for interested investors.

The company’s IPO will remain open for bidding till 20th January 2023, and the shares of the company will be listed on BSE and SME. The company plans to raise INR 10.74 crore by issuing 5,370,000 shares at a fixed public issue price of INR 20 per share.

The funds generated from the issue will be used for the following purposes:

  • Investing in a fully-owned subsidiary company
  • General corporate purposes

Also ReadLearn about various investment options available

About Dharni Capital Services

The company was incorporated on Nov 12, 2015. Diversified services offered by the company include the distribution of mutual funds and fixed deposits, technical consultancy, real estate brokerage, and outsourcing.

Key Information about the Dharni Capital Services IPO is provided below:

  • Issue price of the IPO: Shares of the company are being offered at INR 20 per equity share. Interestingly, the GMP of the company is 16 i.e discount of 20%.
  • Open and close date of the IPO: The issue opened on 18th January 2023 and will close on 20th January 2023.
  • Size of IPO: The company plans to raise INR 10.74 crore from this public issue
  • IPO lot size: One lot consists of 6000 shares of the company.
  • Minimum and maximum investment: Any category of investor can apply for one lot of shares i.e minimum and maximum investment is INR 120,000.
  • Allotment date of IPO: As per the current schedule, 25th Jan 2023 is the allotment date.
  • Listing on the exchanges: The shares of this IPO will be listed on SME and BSE exchanges.
  • Listing of the IPO: This IPO is expected to be listed on the exchanges on 31st Jan 2023.
  • Refund money: If shares are not allotted to an investor, s/he will receive the refun on Jan 27, 2023.
  • Crediting shares in the demat account: The allotted shares will be credited in the investors Demat account on 30 Jan, 2023.
  • Promoters of the IPO: The promoters of the company include Mr. Hemant Dharnidharka and Ms. Preeti Saraogi.
  • Registrar and Lead Manager for the IPO: Cameo Corporate Services Limited and Srujan Alpha Capital Advisors LLP are Registrar and Lead Manager, respectively for this issue.
  • Shareholding of promoters: Promoters’ shareholding in the company will be reduced from 100% to 73.64% after the IPO.

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Financial performance of Dharni Capital Services

The company earned total revenue of INR 1469.4 lakhs and INR 255.41 lakhs in FY2022 and FY2021, respectively. The company’s Total revenue for H1 FY2023 was INR 304.95 lakhs.

The company registered an EBITDA of INR 134.34 lakhs and INR 21.90 lakhs in FY2022 and FY2021, respectively. The company’s EBITDA for H1 FY2023 was INR 80.55 lakhs.

The company’s PAT was INR 96.58 lakhs and INR 15.26 lakhs in FY2022 and FY2021, respectively. The company’s PAT for H1 FY2023 was 58.73 lakhs.

Also ReadMore about market strategies

In conclusion, the company boasts several strengths that have contributed to its success in the market. These include experienced promoters, diversified yet integrated business operations, long-term relationships with clients, and strong risk management. However, the company also faces several challenges in its operations. The highly regulated environment in which it operates can be a significant obstacle, as changes in regulations and policies can adversely affect the company's financials. Additionally, the company operates in a highly competitive and price-sensitive sector, which can make it difficult to maintain a competitive edge. Despite these challenges, the company has demonstrated a strong ability to navigate the market and maintain a successful business. Investors are advised to do their own due diligence before making any investment decision in the company.


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