Bookbuilding IPO | ₹25 Cr | Listed at NSE SME | Thu, Aug 1, 2024 - Mon, Aug 5, 2024
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,27,200 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Aug 1, 2024
IPO Close
Mon, Aug 5, 2024
Issue Price
₹106 per share
Market Cap (Pre-IPO)
₹94.88 Cr
| IPO Date | 1 to 5 Aug, 2024 |
| Listed on | Thu, Aug 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹102 to ₹106 |
| Issue Price | ₹106 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 23,72,400 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 1,23,600 shares Shreni Shares Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 22,48,800 shares (agg. up to ₹24 Cr) |
| Net Offered to Public | 22,48,800 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 65,79,000 shares |
| Share Holding Post Issue | 89,51,400 shares |
| NSE Symbol | DHARIWAL |
| ISIN | INE0YRN01017 |
Dhariwalcorp IPO comprises a total issue size of 23,72,400 shares. The net offer to the public is 22,48,800 shares, after excluding 1,23,600 shares allotted on a firm basis. Of the Net offer 11,02,800 (49.04%) are allocated to QIB, 3,48,000 (15.47%) allocated to NII 7,98,000 (35.49%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 11,02,800 | 49.04% | 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 | 15.47% | 14.67% |
| Retail Shares Offered | 7,98,000 | 35.49% | 33.64% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,23,600 | 5.21% | |
| Total Shares Offered | 23,72,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
Dhariwalcorp IPO raises ₹7.00 crore from anchor investors. Dhariwalcorp IPO Anchor bid date is July 31, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jul 31, 2024 |
| Shares Offered | 6,60,000 |
| Anchor Portion (₹ Cr.) | 7.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Sep 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Nov 4, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 21.31 | 19.61 | 13.51 |
| Total Income | 231.11 | 195.19 | 159.20 |
| Profit After Tax | 4.51 | 0.60 | 1.42 |
| NET Worth | 8.75 | 2.51 | 1.92 |
| Reserves and Surplus | 2.17 | 2.41 | 1.82 |
| Total Borrowing | 8.79 | 6.18 | 5.71 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards construction of Warehouse | 8.10 |
| 2 | Funding working capital requirements of our company | 8.00 |
| 3 | General corporate purposes | 6.14 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 6.85 | 5.03 |
| P/E (x) | 15.48 | 21.06 |
| Promoter Holding | 99.99% | 73.5% |
| Market Cap | ₹94.88 Cr. |
The Dhariwalcorp IPO is subscribed 174.95 times on August 5, 2024 6:19:58 PM (Day 3). The public issue subscribed 183.89 times in the retail category, 76.93 times in the QIB category, and 279.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 76.93 | 4,42,800 | 3,40,66,800 |
| NII* | 279.17 | 3,48,000 | 9,71,50,800 |
| Retail | 183.89 | 7,98,000 | 14,67,43,200 |
| Total | 174.95 | 15,88,800 | 27,79,60,800 |
Total Application : 1,22,286
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 1.12 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and Marketing expense | 0.03 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of offer stationery | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review etc.) | 1.66 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹106.00 |
| Open | ₹150.00 |
| Low | ₹142.50 |
| High | ₹152.00 |
| Last Trade | ₹142.50 |
Lead Manager Reports
Dhariwalcorp IPO is a SME IPO of 23,72,400 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹106 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Aug 1, 2024, and closes on Mon, Aug 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 Thu, Aug 1, 2024 and closes on Mon, Aug 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 Wed, Aug 7, 2024. Check the Dhariwalcorp IPO allotment status.
The Dhariwalcorp IPO listing date is on Thu, Aug 8, 2024.
