Fixed Price IPO | ₹32 Cr | Listed at NSE SME | Tue, Nov 27, 2018 - Fri, Nov 30, 2018
DRS Dilip Roadlines IPO is a fixed price issue of ₹31.50 crores. The issue is entirely a fresh issue of 0.42 crore shares of ₹31.50 crore.
DRS Dilip Roadlines IPO bidding started from Nov 27, 2018 and ended on Nov 30, 2018. The shares got listed on NSE SME on Dec 10, 2018.
DRS Dilip Roadlines IPO price is ₹75 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aryaman Capital Markets Ltd..
Refer to DRS Dilip Roadlines IPO RHP for detailed Information.
IPO Open
Tue, Nov 27, 2018
IPO Close
Fri, Nov 30, 2018
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹112.97 Cr
| IPO Date | 27 to 30 Nov, 2018 |
| Listed on | Mon, Dec 10, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 42,00,000 shares (agg. up to ₹32 Cr) |
| Reserved for Market Maker | 2,25,600 shares Aryaman Capital Markets Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 39,74,400 shares (agg. up to ₹30 Cr) |
| Net Offered to Public | 39,74,400 shares (agg. up to ₹30 Cr) |
| Share Holding Pre Issue | 1,08,62,403 shares |
| Share Holding Post Issue | 1,50,62,403 shares |
| NSE Symbol | DRSDILIP |
| ISIN | INE02CV01017 |
DRS Dilip Roadlines IPO comprises a total issue size of 42,00,000 shares. The net offer to the public is 39,74,400 shares, after excluding 2,25,600 shares allotted on a firm basis. Of the Net offer 19,87,200 (50.00%) allocated to NII 19,87,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 19,87,200 | 50.00% | 47.31% |
| Retail Shares Offered | 19,87,200 | 50.00% | 47.31% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,25,600 | 5.37% | |
| Total Shares Offered | 42,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
Incorporated in 2009, Hyderabad based DRS Dilip Roadlines Limited is a company engaged in the business of logistics services. It offers transportation, packing & moving and warehousing services.
The company carries its packing and moving business under the brand name of 'Agarwal Packers and Movers'. It is a popular name in household relocation across the country.
DRS provides goods transportation services. It operates and owns a fleet of 301 trucks in the name of the Company, have 199 vehicles from the group and can hire 450 vehicles.
The Company owns a composite container vehicle called 'CHAPP VAN' (Car, Households, Artifacts, Plants and Pets). This new-concept composite container vehicle can carry Car, Household, Artifacts, Plants and Pets all at once. The CHAPP VAN has been recognized by Limca Books of Records.
DRS has some of the major corporates in its client list including MRF Limited, CEAT Limited, Mahindra &
Mahindra Limited, PPG Asian Paints, Micro Labs Limited, Cactus Profiles Private Limited and Amitasha Enterprises Private Limited.
Competitive Strengths of the Company-
1. Established brand name in household relocation
2. Pan India presence
3. Owns a large fleet of vehicles
4. Strong financial performance in the last 3-4 years
5. Strong customer base with some of the biggest names in the client list.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment Of Unsecured Loans | 17.50 |
| 2 | Setting up additional Warehouse in the state of Telangana | 5.00 |
| 3 | Acquiring Additional Branch for Expansion of business | 1.50 |
| 4 | Part repayment of the Cash Credit facilities | 3.00 |
| 5 | Part repayment of the Term Loans | 3.00 |
| 6 | General Corporate Purpose | 0.90 |
The Agarwal Packers and Movers IPO is subscribed 1.14 times on November 30, 2018 6:00:00 PM (Day 4). The public issue subscribed 0.26 times in the retail category, [.] times in the QIB category, and 2.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.03 | 19,87,200 | 40,27,200 |
| Retail | 0.26 | 19,87,200 | 5,13,600 |
| Total | 1.14 | 39,74,400 | 45,40,800 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees (1st year), and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.30 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, RTAs and CDPs | 0.11 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc. | 0.09 |
| 4 | Listing Fees, Market Regulatory & Other Expenses | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹75.15 |
| Low | ₹75.10 |
| High | ₹75.45 |
| Last Trade | ₹75.15 |
Lead Manager Reports
DRS Dilip Roadlines IPO is a SME IPO of 42,00,000 equity shares of the face value of ₹10 aggregating up to ₹32 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Tue, Nov 27, 2018, and closes on Fri, Nov 30, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in DRS Dilip Roadlines IPO using UPI as a payment gateway. Zerodha customers can apply in DRS Dilip Roadlines IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in DRS Dilip Roadlines IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The DRS Dilip Roadlines IPO opens on Tue, Nov 27, 2018 and closes on Fri, Nov 30, 2018.
DRS Dilip Roadlines IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in DRS Dilip Roadlines IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for DRS Dilip Roadlines IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the DRS Dilip Roadlines IPO allotment status.
The DRS Dilip Roadlines IPO listing date is on Mon, Dec 10, 2018.
