DHARNI Capital Services IPO GMP, Price, Dates & Allotment Details 2023
DHARNI Capital Services IPO will open on January 18 and close on January 20, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 10.74 crore through this public offering, consisting of 5,370,000 shares of face value of ₹ 1 each. Which will be issued at a price of ₹ 20 per share.
Incorporated in 2015. DHARNI Capital Services offers diversified financial services such as mutual fund distribution services, fixed deposit distribution services, real estate brokerage services, technical consulting, and outsourcing. It has over 300 clients from 11 states and had more than 200 crore AUM as of March 2022.
The company 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.
DHARNI Capital Services 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 fiscal 2022.
As of March 31, 2022, the company’s assets under management from the mutual fund distribution business (“AUM”) stood at ₹ 637 million, with around 80% of its total AUM being debt-oriented. Its AUM has increased from ₹ 204 million as of March 31, 2019, to ₹ 637 million as of March 31, 2022, at a CAGR of 46%.
Objects of the Issue
The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:
- Investment in a Wholly-owned Subsidiary Company; and
- General corporate purposes.
Financial Highlights (Consolidated)
| Particulars | Period ended on 30th September 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 285.74 | 226.74 | 11.16 | -4.11 |
| Total Assets | 292.91 | 245.24 | 25.35 | 19.16 |
| Total Revenue | 304.95 | 1469.40 | 255.41 | 19.87 |
| Profit After Tax | 58.73 | 96.58 | 15.26 | 1.34 |
DHARNI Capital Services IPO – Details
According to the DRHP filed with SEBI, the company plans to issue 5,370,000 shares of face value of ₹ 1 each, aggregating up to ₹ 10.74 crore.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 20 per share |
| Face Value | ₹ 1 per share |
| Market Lot | 6,000 shares |
| Issue Size | 5,370,000 shares of ₹ 1 (Aggregating up to ₹ 10.74 Crore) |
| Fresh Issue | 5,370,000 shares of ₹ 1 (Aggregating up to ₹ 10.74 Crore) |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Listing At | BSE SME |
| Promoters | 1. Mr. Hemant Dharnidharka 2. Mrs. Preeti Saraogi |
GMP – DHARNI Capital Services IPO
DHARNI Capital Services IPO GMP, or Grey Market Premium, are available here. The IPO GMP Premium updated day by day for IPOs’ running periods, and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – DHARNI Capital Services IPO
DHARNI Capital Services IPO opens on January 18 and closes on January 20, 2023.
| Opening Date | January 18, 2023 |
| Closing Date | January 20, 2023 |
| Basis of Allotment | January 25, 2023 |
| Initiation of Refunds | January 27, 2023 |
| Credit of shares to Demat A/c | January 30, 2023 |
| Listing Date | January 31, 2023 |
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Lot Size – DHARNI Capital Services IPO
The DHARNI Capital Services IPO lot size is 6,000 shares. A retail-individual investor can apply for up to 1 lot i.e. 6,000 shares of ₹ 120.000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 6,000 | ₹ 120,000 |
| Retail (Maximum) | 1 | 6,000 | ₹ 120,000 |
| HNI (Minimum) | 2 | 12,000 | ₹ 240,000 |
Promoters Holdings – DHARNI Capital Services IPO
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | 73.64% |
SWOT Analysis – DHARNI Capital Services IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Diversified yet integrated mix of business. 2. Long term relationship with the clients. 3. Strong Risk Management System. 4. Experienced Promoters and management team. | 1. Extremely dependent on referrals from third parties. Company has received the referrals only from related parties. |
| OPPORTUNITIES | THREATS |
| 1. Over the next five years, the number of capital market participants is expected to more than double from the current 40 million, with investment in Indian equities and mutual funds increasing by 2.6 times, reaching US$ 1.2 trillion in FY 2026 from US$ 468 billion in FY 2021. | 1. Company failure to adapt to technological development or industry trends. 2. Competition from existing and new market participants. 3. Political instability or shift away from the pro-growth policy. |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | DHARNI Capital Services Limited 226, Brigade Metropolis Arcade, Whitefield Main Road, Garudacharpalya, Bangalore – 560048 Phone: +91 9945164270 Email: info@dharnigroup.com Website: http://www.dharnicapital.com/ |
| IPO Registrar | Cameo Corporate Services Limited Phone: +91-44-28460390 Email: investor@cameoindia.com Website: https://ipo.cameoindia.com/ |
| IPO Lead Manager(s) | Srujan Alpha Capital Advisors LLP |
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FAQ’s
The DHARNI Capital Services IPO price is ₹ 20 per share.
One lot of DHARNI Capital Services IPO contains 6,000 shares of ₹ 120,000.
The minimum investment size is one lot for retail investors.
The finalisation of the basis of allotment for the DHARNI Capital Services IPO will be done on January 25, 2023, and the allotted shares will be credited to your demat account by January 30, 2023. Check the DHARNI Capital Services IPO allotment status.
The DHARNI Capital Services IPO shares listing date is January 31, 2023.
The investors’ portion for NII (HNI) – 50%, and Retail – 50%.
