ANI PR Wire
16 Jan 2023, 19:15 GMT+10
Bengaluru (Karnataka) [India], January 16 (ANI/PNN): Dharni Capital Services Limited offers diversified financial services such as Mutual Fund Distribution, Fixed Deposit Distribution, Real Estate Brokerage, Technical Consultancy & Outsourcing services. It offers a technology enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial products distribution and has presence across both online and offline channels. The company with a special focus on financial advisory services is coming up with its IPO for 53,70,000 shares to raise Rs 1074.00 lakhs on BSE SME platform. The promoters of the company are Hemant Dharnidharka and Preeti Saraogi.
The face value per equity share is Rs 1 and the issue price per share will be Rs 20, including a share premium of Rs 19 per equity share. The lot size is of 6,000 equity shares. Out of the 53,70,000 shares being offered, 25,50,000 shares are reserved for the Non-Retail Investor, 25,50,000 shares are reserved for the retail investors and 2,70,000 shares have been reserved under the market maker quota. The issue opens on January 18, 2023, and will close on January 20, 2023. It will subsequently be listed on the BSE SME platform. The lead manager to the issue is Srujan Alpha Capital Advisors LLP.
The net proceeds from the issue will be utilized towards the following objects:
1. Investment in Wholly owned Subsidiary Company
2. General corporate purpose
For FY2022, the company registered a total revenue of Rs 1,469.40 lakhs as compared to Rs 255.41 lakhs in FY2021, while the total revenue for H1FY23 stood at Rs 304.95 lakhs. It registered an EBITDA of Rs 134.34 lakhs in FY2022 as compared to Rs 21.90 lakhs in FY2021, while the EBITDA for H1FY2023 stood at Rs 80.55 lakhs. For FY2022, its PAT was Rs 96.58 lakhs as compared to Rs 15.26 lakhs for FY2021, while PAT for H1FY2023 is Rs 58.73 lakhs.
Srujan Alpha Capital Advisors LLP is a SEBI registered Category I Merchant Banker having offices at Mumbai & Jaipur. The founding partners of the firm posses a combined experience of over 40 years. guided by an expert advisory professionals. It follows a long-term engagement and value addition over transactional approach.
This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)
Get a daily dose of Myanmar Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Myanmar Sun.
More InformationWASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
Nearly three months after a devastating earthquake struck Myanmar, the country remains trapped in a deepening crisis, compounded by...
The groups combined GDP is $20 trillion greater than that of the Western bloc, the Russian president has said BRICS has already outstripped...
The summit declaration denounced the recent terrorist attack in Kashmir that triggered a military escalation between India and Pakistan...
Prayagraj (Uttar Pradesh) [India], July 6 (ANI): Former Union Cabinet Minister and senior BJP leader Mukhtar Abbas Naqvi on Sunday...
Rio de Janeiro [Brazil], July 6 (ANI): Prime Minister Narendra Modi, during the 17th BRICS Summit on Sunday, asserted that condemning...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
CAIRO, Egypt: This week, both Hamas and Israel shared their views ahead of expected peace talks about a new U.S.-backed ceasefire plan....
WASHINGTON, D.C.: The Trump administration has made public a visa decision that would usually be kept private. It did this to send...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...