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 Services
- Fixed Deposit Distribution Services
- Real Estate Brokerage Services
- Technical Consultancy and Outsourcing
The 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.
Company Financials
| 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 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Investment in a Wholly-owned Subsidiary Company; and
- General corporate purposes.
DHARNI Capital Services IPO Details
| IPO Date | Jan 18, 2023 to Jan 20, 2023 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Issue Size | 5,370,000 shares of ₹1 (aggregating up to ₹10.74 Cr) |
| Fresh Issue | 5,370,000 shares of ₹1 (aggregating up to ₹10.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| P/E (x) | 5.46 |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | SUNFLOWER BROKING PVT. LTD. |
| Company Promoters | Mr. Hemant Dharnidharka and Mrs. Preeti Saraogi are the promoters of the company. |
DHARNI Capital Services IPO Tentative Timetable
DHARNI Capital Services IPO opens on Jan 18, 2023, and closes on Jan 20, 2023. The DHARNI Capital Services IPO bid date is from Jan 18, 2023 10.00 A.M. to Jan 20, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| 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 |
DHARNI Capital Services IPO Lot Size
The DHARNI Capital Services IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| HNI (Min) | 2 | 12,000 | ₹240,000 |
DHARNI Capital Services IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.64% |
DHARNI Capital Services IPO Prospectus
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/
DHARNI Capital Services IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/