DHARNI Capital Services Limited IPO- Sme IPO should you apply or avoid

DHARNI Capital Services Limited IPO- Dharni Capital Services is a financial services company that was incorporated in 2015. They provide a variety of services including mutual fund distribution, fixed deposit distribution, real estate brokerage, and technical consultancy and outsourcing. They work closely with individual clients to build customized financial investment portfolios and have a presence across both online and offline channels. The company is led by Mr. Hemant Dharnidharka and Mrs. Preeti Saraogi, and hold AMFI Registration number ARN-144504. They are an empaneled distributor with several mutual funds companies. As of September 30, 2022 and March 31, 2022, their assets under management from the mutual fund distribution business were Rs 5,379.30 Lakhs and Rs 6,367.60 Lakhs respectively.

DHARNI Capital Services Limited IPO- Time Table

Event Tentative Date
Opening Date Jan 18, 2023
Closing Date Jan 20, 2023
Basis of Allotment Jan 25, 2023
Initiation of Refunds Jan 27, 2023
Credit of Shares to Demat Jan 30, 2023
Listing Date Jan 31, 2023

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

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

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DHARNI Capital Services Limited Financial Information (Standalone)
Period Ended Total Assets Total Revenue Profit After Tax Net Worth Total Borrowing
31-Mar-20 19.16 19.87 1.34 -4.11 22.48
31-Mar-21 25.35 255.41 15.26 11.16 9.35
31-Mar-22 245.24 1469.4 96.58 226.74 0
30-Sep-22 292.91 304.95 58.73 285.74 0

DHARNI Capital Services Limited IPO- Details 

DHARNI Capital IPO Dates 18 – 20 January 2023
DHARNI Capital IPO Price INR 20 per share
Fresh issue 53,70,000 shares (INR 10.74 crore)
Offer For Sale Nil
Total IPO size 53,70,000 shares (INR 10.74 crore)
Minimum bid (lot size) 6,000 shares (INR 1,20,000)
Face Value  INR 1 per share
Retail Allocation 50%
Listing On BSE SME

DHARNI Capital Services IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: [email protected]

DHARNI Capital Offer Lead Manager

824 & 825 , Corporate Avenue
Sonawala Road , Goregaon (E)
Mumbai – 400063
Phone: +91 2246030709
E-mail: [email protected]
Website: www.srujanalpha.com

Dharni capital services

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