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DHARNI Capital Services IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. Investment in a Wholly-owned Subsidiary Company; and
  2. General corporate purposes.

Financial Highlights (Consolidated)

ParticularsPeriod ended on 30th September 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth285.74226.7411.16-4.11
Total Assets292.91245.2425.3519.16
Total Revenue304.951469.40255.4119.87
Profit After Tax58.7396.5815.261.34
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 20 per share
Face Value₹ 1 per share
Market Lot6,000 shares
Issue Size5,370,000 shares of ₹ 1 (Aggregating up to ₹ 10.74 Crore)
Fresh Issue5,370,000 shares of ₹ 1 (Aggregating up to ₹ 10.74 Crore)
NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Listing AtBSE SME
Promoters1. 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 DateJanuary 18, 2023
Closing DateJanuary 20, 2023
Basis of AllotmentJanuary 25, 2023
Initiation of RefundsJanuary 27, 2023
Credit of shares to Demat A/cJanuary 30, 2023
Listing DateJanuary 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)16,000₹ 120,000
Retail (Maximum)16,000₹ 120,000
HNI (Minimum)212,000₹ 240,000

Promoters Holdings – DHARNI Capital Services IPO

Pre-issue Shares Holdings100%
Post-issue Shares Holdings73.64%

SWOT Analysis – DHARNI Capital Services IPO

STRENGTHSWEAKNESSES
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. 
OPPORTUNITIESTHREATS
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 InformationDHARNI Capital Services Limited
226, Brigade Metropolis Arcade, Whitefield Main Road,
Garudacharpalya, Bangalore – 560048
Phone: +91 9945164270
Email: [email protected]
Website: http://www.dharnicapital.com/
IPO RegistrarCameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
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%.

Click here for more FAQs.

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