Dhariwalcorp Limited IPO
NSE SMEListed On: Aug 8, 2024 at ₹ 150.0
₹ 254400 /2400 Shares
*Min Investment
01 Aug, 2024
Open Date05 Aug, 2024
Close Date06 Aug, 2024
Allotment Date08 Aug, 2024
Listing DateDhariwalcorp Limited IPO Issue Details
- Issue Price ₹102-106 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 23,72,400 shares(aggregating up to ₹25.15 crore)
- Fresh Share 23,72,400 shares(aggregating up to ₹25.15 crore)
- Listing at NSE SME
- List Price 150.0
- Listing Date 2024-08-08
- Lead Manager Shreni Shares Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,27,200 |
| Retail(max) | 1 | 1200 | ₹1,27,200 |
| NII (min) | 2 | 2400 | ₹2,54,400 |
Dhariwalcorp Limited IPO Reservation
Dhariwalcorp Limited IPO offers total 2,372,400 shares. Out of which 442,800 (18.66%) allocated to QIB, 348,000 (14.67%) allocated to NII,798,000 (33.64%) allocated to RII, NA (NA%) allocated to employees and 660,000 (27.82%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 660,000 (27.82%) | |
| Market Maker Shares Offered | 123,600 (5.21%) | |
| QIB Shares Offered | 442,800 (18.66%) | |
| NII (HNI) Shares Offered | 348,000 (14.67%) | |
| Retail Shares Offered | 798,000 (33.64%) | |
| Total Shares Offered | 2,372,400 (100%) |
Dhariwalcorp Limited IPO Details
Dhariwalcorp Limited IPO is an SME IPO, priced at ₹102-106 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 23,72,400 equity shares, aggregating up to ₹25.15 crores..
The IPO bidding window is open from Aug 1, 2024 to Aug 5, 2024. The allotment is expected to be finalized on Aug 6, 2024, and the tentative listing date is Aug 8, 2024.
The minimum lot size for retail investors is 1200 shares, with a minimum investment of ₹1,27,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,54,400.
Shreni Shares Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Shreni Shares Limited will act as the market maker for this issue.
Dhariwalcorp Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 442,800 / 348,000 | 798,000 | 1,588,800 |
Day 1 01-08-24 06:00 PM | 0.00 / 1.83 x | 5.90 x | 3.37 x |
Day 2 02-08-24 06:00 PM | 0.00 / 5.71 x | 17.35 x | 9.97 x |
Day 3 05-08-24 06:00 PM | 76.93/ 279.52 x | 183.64 x | 174.90 x |
Dhariwalcorp Limited Valuations
Dhariwalcorp Limited Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 2,131.30 | 1,961.06 | 1,351.04 |
| Revenue | 23,111.35 | 19,519.43 | 15,920.11 |
| Profit After Tax | 450.63 | 59.84 | 142.41 |
| Net Worth | 875.00 | 251.42 | 191.58 |
| Reserves & Surplus | 217.10 | 241.42 | 181.58 |
| Total Borrowing | 878.76 | 618.13 | 571.43 |
About Dhariwalcorp Limited Company
Dhariwalcorp Limited was incorporated in 2020 and trades in a wide range of waxes, industrial chemicals, and petroleum jelly.
The company undertakes processes that include purchasing, sales, importing, and trading several types of wax including Paraffin Wax, Micro Wax, Slack Wax, Carnauba Wax, Microcrystalline Waxes, Semi-Refined Paraffin Wax, Yellow Beeswax, Hydrocarbon Wax, montan wax, Polyethylene Wax, Vegetable Wax, Residue Wax, Palm Wax, BN Micro Wax, Hydrogenated Palm Wax, Micro Slack Wax, PE Wax, and Soya Wax.The company also deals in industrial chemicals, including Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid, and Petroleum Jelly, including Paraffin Petroleum Jelly and White Petroleum Jelly.
Dhariwalcorp caters to industries such as Plywood and Board, Paper Coating, Crayon Manufacturing, Candle Production, Textiles, Pharmaceuticals, Petroleum Jelly & Cosmetics, Tube & Tire Manufacturing, Match Production, Food Processing, and Adhesive Manufacturing. It plays a great role in the supply chain of these industries so that quality products are delivered at the right time.
The company operates one processing unit and has warehouses in Jodhpur, Rajasthan, Bhiwandi, Maharashtra, Ahmedabad, Gujarat, and Mundra, Dist. Kachchh, Gujarat.The company operates in 21 states and 3 Union territories in India for domestic sales. It also exports to Nepal. Domestic sales revenue for the fiscal years 2024, 2023, and 2022 was ₹226.30 Lakhs, ₹191.93 Lakhs, and ₹158.13 Lakhs, respectively, which made up 98.91%, 98.97%, and 99.72% of its total revenue from operations for those respective years.
On March 31, 2024, it has seven employees who are departmental officials.
Dhariwalcorp Limited - Promoter(s)
Mr. Manish Dhariwal
Ms. Shakshi Dhariwal
Mr. Dilip Dhariwal
Pre Issue Share Holding : 99.99%
Post Issue Share Holding : 73.50%
Dhariwalcorp Limited IPO - Issue Objectives
Funding Capital Expenditure towards construction of Warehouse
Funding working capital requirements of the company
General corporate purposes
Contact Details
Dhariwalcorp Limited
36, Narayan Nagar, Shobhawaton ki dhani, Pal Link Road, Jodhpur – 342001
+91 70141 31630
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Dhariwalcorp Limited IPO - FAQs
Ans. Dhariwalcorp Limited IPO is a SME IPO. The issue is priced at ₹102-106 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Aug 1, 2024, and closes on Aug 5, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Dhariwalcorp Limited IPO opens on Aug 1, 2024 and closes on Aug 5, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Dhariwalcorp Limited IPO is 2,372,400 shares(aggregating up to ₹25.14 Cr).
Ans. The Dhariwalcorp Limited IPO price band is set between ₹102-106 per equity share.
Ans. To apply for Dhariwalcorp Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Dhariwalcorp Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Dhariwalcorp Limited IPO is Aug 6, 2024.
Ans. The Dhariwalcorp Limited IPO will be listed on Aug 8, 2024.
Ans. Follow the steps to check the Dhariwalcorp Limited IPO allotment status online.
