IPO Issue Details
Issue Price / Price Band₹20 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size53,70,000 shares (aggregating up to ₹10.74 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 18 Jan 2023
Subscription CloseFri, 20 Jan 2023
Anchor AllotmentTue, 17 Jan 2023
Basis of AllotmentWed, 25 Jan 2023
Initiation of RefundsFri, 27 Jan 2023
Credit of Shares to DematMon, 30 Jan 2023
Listing DateTue, 31 Jan 2023
UPI Mandate Deadline2023-01-20
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 6,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 12,000 shares
P/E Ratio (Pre-IPO)34.48x
Net Offer to Public51,00,000 shares (aggregating up to ₹10.20 Cr)
Reserved for Market Maker2,70,000 shares (aggregating up to ₹0.5400 Cr)
Pre-IPO Promoter Holding1,50,00,000 shares
Post-IPO Promoter Holding2,03,70,000 shares
About DHARNI Capital Services Ltd
Incorporated in 2015, Dharni Capital Services Limited is engaged in providing a variety of financial services. They offer their distinct services to the customers in the form of:Mutual Fund Distribution ServicesFixed Deposit Distribution ServicesReal Estate Brokerage ServicesTechnical Consultancy and OutsourcingThe company has clients from 11+ states, 300+ clients, and 200 Crore AUM as on March 2022.The company closely works with individual clients to understand their profile, their requirements, and concerns, and thereupon build customized financial investment portfolios. These portfolios offer a comprehensive selection of investment alternatives.Dharni Capital Services offers a financial services platform for financial product distribution and has a presence across both online and offline channels.The company is promoted and nurtured under the leadership of Mr. Hemant Dharnidharka and Mrs. Preeti Saraogi since its incorporation.Dharni Capital Services hold AMFI Registration number ARN-144504. The entity is an empaneled distributor with ICICI Prudential Mutual Fund, SBI Mutual Fund, Axis Mutual Fund, HDFC Mutual Fund, Kotak Mutual Fund, Aditya Birla Sunlife Mutual Fund, Nippon Mutual Fund, UTI Mutual Fund, and many other entities.As on September 30, 2022, and March 31, 2022, the assets under management from the mutual fund distribution business ("AUM") stood at Rs 5,379.30 Lakhs and Rs 6,367.60 Lakhs respectively.
Objects of the Issue
DHARNI Capital Services Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Investment in Wholly owned Subsidiary Company
8.00
2
General Corporate Purpose
2.41
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,50,00,000 shares
Post-IPO Promoter Holding
2,03,70,000 shares