Dhanuka Commercial Ltd IPO

Incorporated in 1994, Dhanuka Commercial Ltd is a Non Deposit taking Non-systemically Important Non Banking Finance Company (NBFC-ND-NSI) engaged primarily in the business of advancing loans and investing/trading in securities.

The company wants to expand its portfolio of products and services by introducing products such as Loans against Property, IPO Funding, Financial and Management Consultancy in addition with the existing products of Unsecured ICDs and Loans and Personal Loans. They plan to continue to sell their products and services to existing corporate client base and further target other High Net Worth Individuals and Firms with impeccable credit track record to whom the company may advance funds both secured/ unsecured based on the risk profile and as envisaged in the loan policy of the company.

Company Promoters:

The Promoters of the Company the are:

1. Mr. Sanjeev Mittal
2. Mr. Mahesh Kumar Dhanuka
3. Mr. Gopal Krishan Bansal

Objects of the Issue:

The Object of the Issue is to raise funds for:

1. To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to their NBFC activities; and
2. To meet Issue related Expenses.

Issue Detail:

  »»  Issue Open: May 22, 2014 - May 28, 2014
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 4,440,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 4.44 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 10 Per Equity Share
  »»  Market Lot: 10000 Shares
  »»  Minimum Order Quantity: 10000 Shares
  »»  Listing At: BSE SME

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