The upcoming initial public offerings(IPO) are-
Dharni Capital Services Limited-
Dharni Capital Services Limited was founded in 2015 and offers diversified financial services such as mutual fund distribution services, fixed deposit distribution services, real estate brokerage services, technical consultancy, and outsourcing. It counsels clients, understands their profile, needs, and concerns, builds customized financial investment portfolios, and offers a comprehensive selection of investment alternatives that suit their financial goals. The company has a technology-enabled, investment and financial services platform with end-to-end solutions suitable for financial products distribution and presence across both online and offline channels. It is a growing Mutual Fund distributor in terms of commission and average asset under management (AAUM) with a CAGR of 109% and 86% respectively for the three-year period ending Fiscal 2022.
Dharni Capital Services Limited is an empaneled distributor with SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Aditya Birla Sunlife Mutual Fund, Nippon Mutual Fund, Kotak Mutual Fund, UTI Mutual Fund, Axis Mutual Fund, and others. The company is also registered with Karnataka RERA authority as an agent and is a real estate broker registered with large players such as Prestige Estate projects and the Embassy group.
The promoters of the company are Mr. Hemant Dharnidharka and Mrs. Preeti Sarogi. The net proceeds from the issue would be utilized for funding the investment in wholly-owned subsidiary companies and general corporate purposes. Listing would enhance the visibility and brand image of the company.
The company had revenues of Rs 19.87 lakhs with a profit of 1.34 lakhs (Year ended March 31, 2020), revenues of Rs. 2.55 crores with a profit of Rs. 15.26 lakhs (Year ended March 31, 2021), and revenue of Rs. 14.69 crores with a net profit of Rs. 96.58 lakhs (Year ended March 31, 2022).
Transvoy Logistics India Limited-
Transvoy Logistics India Limited is engaged in the business of integrated logistics solutions. The key expertise of the company includes NVOCC, freight forwarding, customs clearance, transportation handling locally as well as globally, and advisory on MEIS license trading. The company provides services to its clients in countries that include India, China, the Middle East, Sri Lanka, Singapore, and Malaysia.
The core business of the company can be divided into; freight forwarding, customs clearance, and allied logistics and transportation services. It has a wholly owned subsidiary Aashirvad Shipping & Allied Private Limited (ASAPL) which is engaged in the business of providing services of customs clearing. The company has recently formed a company in Singapore namely Transvoy Logistics PTE. Ltd. (Transvoy – Singapore) where the company holds a 55% stake. It is engaged in the business of providing services to the non-vessel-owning common carrier (NVOCC).
The promoters of the company are Mr. Ravindrakumar Kumarchandra Joshi, Mrs. Dipti Ravindrabhai Joshi, and Mr. Naitik Ravindrakumar Joshi. The objectives of the issue are to meet working capital requirements, investment in subsidiary for the purchase of containers, and general corporate purposes.
The company had revenues of Rs 4.31 crore with a profit of 13.79 lakhs (Year ended March 31, 2022).