DHARNI Capital Services Limited IPO
DHARNI Capital Services Limited IPO
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The Initial Public Offering of DHARNI Capital Services Limited's culminated in its successful listing on 31-01-2023 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 18-01-2023 to 20-01-2023 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 26-01-2023. 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.
DHARNI Capital IPO About Company
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."
DHARNI Capital IPO Strength Factors
NA
DHARNI Capital IPO Risk Factors
NA
DHARNI Capital IPO Lead Manager(s)
- Srujan Alpha Capital Advisors Llp
DHARNI Capital IPO Promoter(s)
- Mr. Hemant Dharnidharka
- Mrs. Preeti Saraogi
DHARNI Capital IPO FAQs
DHARNI Capital Services Limited IPO subscribed 6.57 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 13, 2025 6:39:26 AM (Day 13).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
DHARNI Capital IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
DHARNI Capital IPO FAQs
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