DHARNI Capital Services Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹1(5.00%)
Premium (ELP)
The Initial Public Offering of DHARNI Capital Services Limited's culminated in its successful listing on Jan 31, 2023 at the BSE trading platform. The company secured 53,70,000 Shares through this capital market exercise, with 53,70,000 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹20 to ₹20, with minimum investment requirements of 6000 shares. The subscription period from Jan 18, 2023 to Jan 20, 2023 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Jan 26, 2023. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2015, Dharni Capital Services Limited provides a wide range of financial services, including mutual fund and fixed deposit distribution, real estate brokerage, and technical consultancy and outsourcing. With a presence in over 11 states, the company serves 300+ clients and manages an AUM of ₹200 crore as of March 2022. It focuses on understanding individual client profiles to create customized investment portfolios across diverse asset classes. Operating through both online and offline channels, Dharni Capital is promoted by Mr. Hemant Dharnidharka and Mrs. Preeti Saraogi. The company holds AMFI Registration No. ARN-144504 and is empaneled with top mutual funds such as ICICI Prudential, SBI, Axis, HDFC, Kotak, Aditya Birla Sun Life, Nippon, and UTI. As of September 30, 2022, and March 31, 2022, the mutual fund AUM stood at ₹5,379.30 lakhs and ₹6,367.60 lakhs, respectively.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Hemant Dharnidharka
- Mrs. Preeti Saraogi
DHARNI Capital Services Limited
Cameo Corporate Services Limited