SME Updates     18-Jan-23
IPO News
BSE SME IPO Dharni Capital Services IPO subscribed 1.64 times
The offer received bids for 88.56 lakh shares as against 53.70 lakh shares on offer.
The initial public offer (IPO) Dharni Capital Services of received bids for 88,56,000 shares as against 53,70,000 shares on offer, according to stock exchange data at 17:09 IST on Wednesday (18 January 2023). The issue was subscribed 1.64 times.

The issue opened for bidding on Wednesday (18 January 2023) and it will close on Friday (20 January 2023). The price band of the IPO is fixed at Rs 20 per share. An investor can bid for a minimum of 6000 equity shares and in multiples thereof.

The IPO comprises fresh issue of 53,70,000 equity shares, aggregating up to Rs 10.74 crore.

The company intends to utilize the net proceeds from the issue towards investment in wholly owned subsidiary company and general corporate purposes.

Incorporated in 2015, Dharni Capital Services offers diversified financial services such as mutual fund distribution services and fixed deposit distribution services, real estate brokerage services and technical consultancy and outsourcing.

The company offers technology enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial products distribution and presence across both online and offline channels.

As on 30 September 2022 and 31 March 2022, its assets under management from the mutual fund distribution business (AUM) stood at Rs 53.79 crore and Rs 63.67 crore respectively with around 80% of its total AUM being debt oriented. Its AUM has increased from Rs 20.40 crore as on 31 March 2019 to Rs 63.67 crore as on 31 March 2022, at a CAGR of 46%.

As on 6 January 2023, the company had 3 employees.

The company reported a net profit of Rs 0.58 crore and revenue from operations of Rs 2.96 crore for the period ended on 30 September 2022.

Previous News
  Dharni Capital Services to conduct board meeting
 ( Corporate News - 03-May-23   19:44 )
  Dharni Capital Services to hold board meeting
 ( Corporate News - 06-Nov-23   16:25 )
  Dharni Capital Services schedules AGM
 ( Corporate News - 30-Aug-23   11:59 )
  Dharni Capital Services to announce Quarterly Result
 ( Corporate News - 15-May-23   17:25 )
  BSE SME IPO Dharni Capital Services IPO subscribed 1.64 times
 ( SME Updates - IPO News 18-Jan-23   17:18 )
  Dharni Capital Services to convene EGM
 ( Corporate News - 21-Feb-24   13:52 )
  Dharni Capital Services to conduct board meeting
 ( Corporate News - 16-Feb-24   18:24 )
  Dharni Capital Services announces board meeting date
 ( Corporate News - 03-May-24   16:12 )
  Dharni Capital Services announces board meeting date
 ( Corporate News - 30-Sep-23   19:08 )
  Dharni Capital Services to convene board meeting
 ( Corporate News - 23-Aug-23   19:31 )
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