Dhanus Technologies IPO
Dhanus Technologies IPO — date, price band, lot size & details 2007
Dhanus Technologies listed on 17 Oct 2007 at ₹295, flat to the ₹295 issue price.
Dhanus Technologies is a Chennai based company that sold V-Tel global calling cards and ran teleservices, BPO and FleeTrac vehicle tracking businesses. Its total income was Rs 90.47 crore in the year to June 2007.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 10 Sep 2007
- Close 12 Sep 2007
- Allotment 09 Oct 2007
- Refund/credit TBA
- Listing 17 Oct 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 10 to 12 Sep, 2007 |
|---|---|
| Price Band | ₹280 – ₹295 |
| Face Value | ₹10 |
| Lot Size | 20 Shares |
| Issue Size | ₹113.13 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Cameo Corporate Services Limited |
| Min Investment | ₹ 5,900 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 20 shares at the ₹295 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 20 | ₹5,900 |
| Retail (max) | 33 | 660 | ₹1,94,700 |
| S-HNI (min) | 34 | 680 | ₹2,00,600 |
| S-HNI (max) | 169 | 3,380 | ₹9,97,100 |
| B-HNI (min) | 170 | 3,400 | ₹10,03,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 18.93 crore in the year to June 2005 to Rs 90.47 crore in the year to June 2007.
- 02Profit after tax rose from Rs 4.67 crore to Rs 24.59 crore over the same period.
- 03Net worth rose from Rs 30.24 crore in June 2006 to Rs 83.54 crore in June 2007.
- 04Return on net worth was 26.53%.
Risks · 5
- 01Its income was tiny until recently, at only Rs 1.42 crore in the year to June 2004.
- 02Calling cards depend on minutes bought from foreign carriers, so margins can be squeezed; expenditure was Rs 60.97 crore in the year to June 2007.
- 03Rs 50.25 crore of the issue was for network equipment for its ITES and FleeTrac businesses, which were still small.
- 04Rs 21.68 crore was for buying property and building a new office in Chennai.
- 05Promoter holding was only 41.52% before the issue and 32.64% after it, as per the prospectus.
Three years of numbers
All figures in ₹ crore, as reported in the Dhanus Technologies offer document.
| Metric | 30 Jun 2007 | 30 Jun 2006 | 30 Jun 2005 |
|---|---|---|---|
| Total Income | 90.47 | 35.94 | 18.93 |
| Profit After Tax | 24.59 | 13.09 | 4.67 |
| NET Worth | 83.54 | 30.24 | - |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Dhanus Technologies RHP.
Where the money goes
₹129.31 Cr of the issue is earmarked to named objects.
About the company
It had three lines of business: V-Tel global prepaid calling cards for long distance and international calls, teleservices, ITES, BPO and software services, and FleeTrac vehicle tracking services.
For its calling cards it bought PINs and minutes from foreign companies representing telecom carriers and sold the cards in India and abroad.
The IPO was Rs 113.13 crore and was entirely a fresh issue at Rs 295, the top of the Rs 280 to Rs 295 band. The money was for network operating centre equipment, a new office building in Chennai and IT equipment.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Dhanus Technologies IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Srei Capital Markets Ltd
11 issues handledBest listing: Suryachakra Power Corp (+50.0%). Weakest: Vikash Metal & Power (-40.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Dhanus Technologies?
The current Grey Market Premium is ₹0.
What is the Dhanus Technologies IPO price band?
₹280 to ₹295, on a face value of ₹10.
When is the allotment?
The basis of allotment is 9 October 2007, with listing on 17 October 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Cameo Corporate Services Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
