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Dhruv Consultancy IPO is a fixed price issue of ₹23.20 crores. The issue is entirely a fresh issue of 0.43 crore shares of ₹23.20 crore.
Dhruv Consultancy IPO bidding started from Apr 27, 2018 and ended on May 2, 2018. The shares got listed on BSE SME on May 10, 2018.
Dhruv Consultancy IPO price is ₹54.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,16,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
Refer to Dhruv Consultancy IPO RHP for detailed Information.
| IPO Date | April 27, 2018 to May 2, 2018 |
| Listing Date | May 10, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 42,96,000 shares (aggregating up to ₹23.20 Cr) |
| Reserved for Market Maker | 2,24,000 shares Hem Securities Ltd. (aggregating up to ₹1.21 Cr) |
| Net Offered to Public | 40,72,000 shares (aggregating up to ₹21.99 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,42,96,000 shares |
Dhruv Consultancy IPO offers total 42,96,000 shares. Out of which 20,36,000 (47.39%) allocated to NII, 20,36,000 (47.39%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,24,000 (5.21%) |
| NII (HNI) Shares Offered | 20,36,000 (47.39%) |
| Retail Shares Offered | 20,36,000 (47.39%) |
| Total Shares Offered | 42,96,000 (100.00%) |
Dhruv Consultancy IPO opens on April 27, 2018, and closes on May 2, 2018.
| IPO Open Date | Fri, Apr 27, 2018 |
| IPO Close Date | Wed, May 2, 2018 |
| Tentative Listing Date | Thu, May 10, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, May 2, 2018 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,08,000 |
| Retail (Max) | 1 | 2,000 | ₹1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹2,16,000 |
Incorporated in 2003, Mumbai based Dhruv Consultancy Services Limited is engaged in the business of infrastructure consultancy providing design, engineering, procurement, construction and integrated project management services for Highways, Bridges, Tunnels, Architectural, Environmental Engineering, and Ports.
The services of the company include Preparation of DPR and feasibility studies for infrastructure projects, Operations & Maintenance Works, Project Management Consultancy Services, Independent Consultancy, Project Planning, Designing, Estimation, Traffic and Transportation Engineering, Financial Analysis, Technical audits, Structural Audit, Inspection of bridges and Techno-Legal Services.
Dhruv's clientele include Ministry of Road Transport and Highways, National Highways Authority of India, The City and Industrial Development Corporation of Maharashtra Ltd., Jawaharlal Nehru Port Trust, Maharashtra State Road Development Corporation, Mumbai Metropolitan Region Development Authority, Public Works Department, Maharashtra Tourism etc
As on December 31, 2017, the company had over 313 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 3,050.28 | 1,792.64 | 1,250.34 | 739.22 | 488.26 | |
| Total Revenue | 3,046.24 | 1,515.33 | 974.39 | 916.75 | 510.85 | |
| Profit After Tax | 308.16 | 132.21 | 78.97 | 112.67 | 34.52 | |
The Company Dhruv Consultancy IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment/ prepayment of certain indebtedness. | 5.00 |
| 2 | To Meet Working Capital requirements. | 11.40 |
| 3 | General Corporate Expenses. | 4.81 |
[Dilip Davda] <p>Considering recent performance, orders on hand and the future prospects for the segment, investment in this issue may be considered.</p> Read detail review...
| Listing Date | May 10, 2018 |
| BSE Script Code | 541302 |
| NSE Symbol | DHRUV |
| ISIN | INE506Z01015 |
| Final Issue Price | ₹54 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹53.40 |
| Low | ₹52.55 |
| High | ₹56.05 |
| Last Trade | ₹56.05 |
Dhruv Consultancy Services Ltd.
501, Pujit Plaza,
Palm Beach Road, Sector - 11, Opp. K-Star Hotel,
Near CBD Station, CBD Belapur, Navi Mumbai-
Mumbai, Maharashtra, 400614
Phone: +91 22 27570710
Email: cs@dhruvconsultancy.in
Website: http://www.dhruvconsultancy.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: dcsl.ipo@linktime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Dhruv Consultancy IPO is a SME IPO of 42,96,000 equity shares of the face value of ₹10 aggregating up to ₹23.20 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on April 27, 2018, and closes on May 2, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Dhruv Consultancy IPO using UPI as a payment gateway. Zerodha customers can apply in Dhruv Consultancy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dhruv Consultancy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dhruv Consultancy IPO opens on April 27, 2018 and closes on May 2, 2018.
Dhruv Consultancy IPO lot size is 2000, and the minimum amount required for application is ₹1,08,000.
You can apply in Dhruv Consultancy 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 Dhruv Consultancy IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Dhruv Consultancy IPO allotment status.
The Dhruv Consultancy IPO listing date is on Thursday, May 10, 2018.
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