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Dhariwalcorp IPO is a book build issue of ₹25.15 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹25.15 crore.
Dhariwalcorp IPO bidding started from Aug 1, 2024 and ended on Aug 5, 2024. The allotment for Dhariwalcorp IPO was finalized on Aug 6, 2024. The shares got listed on NSE SME on Aug 8, 2024.
Dhariwalcorp IPO price band is set at ₹106.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,22,400 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,54,400.
Shreni Shares 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 Shreni Shares Ltd..
Refer to Dhariwalcorp IPO RHP for detailed Information.
| IPO Date | August 1, 2024 to August 5, 2024 |
| Listing Date | August 8, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹102 to ₹106 per share |
| Issue Price Final | ₹106 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,72,400 shares (aggregating up to ₹25.15 Cr) |
| Reserved for Market Maker | 1,23,600 shares Shreni Shares Ltd. (aggregating up to ₹1.31 Cr) |
| Net Offered to Public | 22,48,800 shares (aggregating up to ₹23.84 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 65,79,000 shares |
| Share Holding Post Issue | 89,51,400 shares |
Dhariwalcorp IPO offers total 23,72,400 shares. Out of which 11,02,800 (46.48%) allocated to QIB, 4,42,800 (18.66%) allocated to QIB, 3,48,000 (14.67%) allocated to NII, 7,98,000 (33.64%) allocated to RII and 6,60,000 (27.82%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,23,600 (5.21%) |
| QIB Shares Offered | 11,02,800 (46.48%) |
| − Anchor Investor Shares Offered | 6,60,000 (27.82%) |
| − QIB (Ex. Anchor) Shares Offered | 4,42,800 (18.66%) |
| NII (HNI) Shares Offered | 3,48,000 (14.67%) |
| Retail Shares Offered | 7,98,000 (33.64%) |
| Total Shares Offered | 23,72,400 (100.00%) |
Dhariwalcorp IPO raises ₹7.00 crore from anchor investors. Dhariwalcorp IPO Anchor bid date is July 31, 2024. Dhariwalcorp IPO Anchor Investors list
| Bid Date | July 31, 2024 |
| Shares Offered | 6,60,000 |
| Anchor Portion Size (In Cr.) | 7.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 4, 2024 |
Dhariwalcorp IPO opens on August 1, 2024, and closes on August 5, 2024.
| IPO Open Date | Thu, Aug 1, 2024 |
| IPO Close Date | Mon, Aug 5, 2024 |
| Tentative Allotment | Tue, Aug 6, 2024 |
| Initiation of Refunds | Wed, Aug 7, 2024 |
| Credit of Shares to Demat | Wed, Aug 7, 2024 |
| Tentative Listing Date | Thu, Aug 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Aug 5, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,27,200 |
| Retail (Max) | 1 | 1,200 | ₹1,27,200 |
| HNI (Min) | 2 | 2,400 | ₹2,54,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2020, Dhariwalcorp Limited trades in a wide range of waxes, industrial chemicals, and petroleum jelly.
The company processes, purchases, sells, imports, and trades various 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 such as 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 serves 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. The company plays a significant role in the supply chain of these sectors, ensuring quality products and timely delivery."
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. They also export products to Nepal. The revenue from domestic sales for the fiscal years 2024, 2023, and 2022 was ₹226.30 Lakhs, ₹191.93 Lakhs, and ₹158.13 Lakhs, respectively, contributing to 98.91%, 98.97%, and 99.72% of its total revenue from operations for those years.
As of March 31, 2024, the company has seven department employees.
Dhariwalcorp Limited's revenue increased by 18.4% and profit after tax (PAT) rose by 653.06% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,131.30 | 1,961.06 | 1,351.04 |
| Total Income | 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 and Surplus | 217.10 | 241.42 | 181.58 |
| Total Borrowing | 878.76 | 618.13 | 571.43 |
| Amount in ₹ Lakhs | |||
The market capitalization of Dhariwalcorp IPO is ₹94.88 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 51.50% |
| ROCE | 59.80% |
| Debt/Equity | 1.00 |
| RoNW | 51.50% |
| PAT Margin | 1.97% |
| Price to Book Value | 7.95 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.85 | 5.03 |
| P/E (x) | 15.48 | 21.06 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is having trading activities in variety of waxes, industrial chemicals, petroleum jelly etc. It posted inconsistency in its performances for the reported periods. Based on FY24 super earnings, the issue appears aggressively priced. The sudden jump in bottom line for FY24, i.e. pre-IPO year raises eyebrows and concern over its sustainability. There is no harm in skipping this pricey bet. Read detail review...
| Listing Date | August 8, 2024 |
| BSE Script Code | |
| NSE Symbol | DHARIWAL |
| ISIN | INE0YRN01017 |
| Final Issue Price | ₹106 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹106.00 |
| Open | ₹150.00 |
| Low | ₹142.50 |
| High | ₹152.00 |
| Last Trade | ₹142.50 |
Dhariwalcorp Ltd.
36, Narayan Nagar,
Shobhawaton ki dhani
Pal Link Road
Jodhpur, Rajasthan, 342001
Phone: 70141 31630
Email: investor@dhariwalcorporation.com
Website: http://www.dhariwalcorporati/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Dhariwalcorp IPO is a SME IPO of 23,72,400 equity shares of the face value of ₹10 aggregating up to ₹25.15 Crores. The issue is priced at ₹106 per share. The minimum order quantity is 1200.
The IPO opens on August 1, 2024, and closes on August 5, 2024.
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 Dhariwalcorp IPO using UPI as a payment gateway. Zerodha customers can apply in Dhariwalcorp IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dhariwalcorp IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dhariwalcorp IPO opens on August 1, 2024 and closes on August 5, 2024.
Dhariwalcorp IPO lot size is 1200, and the minimum amount required for application is ₹1,27,200.
You can apply in Dhariwalcorp 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 Dhariwalcorp IPO will be done on Tuesday, August 6, 2024, and the allotted shares will be credited to your demat account by Wednesday, August 7, 2024. Check the Dhariwalcorp IPO allotment status.
The Dhariwalcorp IPO listing date is on Thursday, August 8, 2024.
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