IPO of Dharni Capital Services Limited: The initial public offering (IPO) of Dharni Capital Services Limited opened to subscribers today and the public offering will remain open for bids until January 20, 2023. The public offering is proposed for listing on the BSE SME exchange and the SME company is seeking an increase €10.74 crore from its offering by reissuing 5,370,000 shares of the company. The company has set the public issue price at €20. Meanwhile, the gray market is also dropping signals on the subject. According to market observers, shares of the financial services company are available at a premium of €2 on the gray market today.
The net issue proceeds will be used for the following purposes:
1]Investment in wholly owned subsidiary; and
2]General corporate purpose.
Here we list key IPO details of Dharni Capital Services Limited in 10 points:
1]Dharni Capital Services Limited IPO GMP today: As mentioned above, shares of the financial services company are available at a premium of €2 in the gray market today, say market watchers.
2]Dharni Capital Services Limited IPO price: The company has a fixed issue price of €20 per common share.
3]Dharni Capital Services Limited IPO Date: The public edition opened today and will remain open until January 20, 2023.
4]Dharni Capital Services Limited IPO Size: Company aims to increase €10.74 crore from this public issue.
5]IPO lot size of Dharni Capital Services Limited: A bidder can apply in lots, and one lot of the issue is 6000 shares of the company.
6]Dharni Capital Services Limited IPO Grant Date: The preliminary share allocation date is January 25, 2023.
7]Listing of Dharni Capital Services Limited: The public offering will be proposed for listing on the BSE SME Exchange.
8]Dharni Capital Services Limited listing date: The public offering is expected to list on January 31, 2023.
9]Dharni Capital Services Limited IPO Registrar: Srujan Alpha Capital Advisors has been appointed as the official registrar of this public offering.
10]Shareholdings of the project promoters: Following the successful listing of the company’s shares on the BSE SME stock exchange, the founders’ ownership of the company will decrease from 100 percent to 73.64 percent.
For the 2022 fiscal year, the company reported total sales of €1,469.40 lakhs compared to €255.41 lakhs in FY2021 while total revenue for H1FY23 was at €304.95 lakhs. It recorded an EBITDA of €134.34 lakhs in FY2022 compared to €21.90 lakhs in FY2021 while EBITDA for H1FY2023 was at €80.55 lakhs. For fiscal year 2022, its PAT €96.58 lakhs compared to €15.26 lakhs for FY2021 while PAT is for H1FY2023 €58.73 lakhs.
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