Fixed Price IPO | ₹23 Cr | Listed at BSE SME | Fri, Apr 27, 2018 - Wed, May 2, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Apr 27, 2018
IPO Close
Wed, May 2, 2018
Issue Price
₹54 per share
Market Cap (Pre-IPO)
₹77.20 Cr
| IPO Date | 27 Apr to 2 May, 2018 |
| Listed on | Thu, May 10, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 42,96,000 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 2,24,000 shares Hem Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 40,72,000 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 40,72,000 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,42,96,000 shares |
| BSE Script Code | 541302 DHRUV |
| ISIN | INE506Z01015 |
Dhruv Consultancy IPO comprises a total issue size of 42,96,000 shares. The net offer to the public is 40,72,000 shares, after excluding 2,24,000 shares allotted on a firm basis. Of the Net offer 20,36,000 (50.00%) allocated to NII 20,36,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 20,36,000 | 50.00% | 47.39% |
| Retail Shares Offered | 20,36,000 | 50.00% | 47.39% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,24,000 | 5.21% | |
| Total Shares Offered | 42,96,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| 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/ prepayment of certain indebtedness. | 5.00 |
| 2 | To Meet Working Capital requirements. | 11.40 |
| 3 | General Corporate Expenses. | 4.81 |
The Dhruv Consultancy IPO is subscribed 2.64 times on May 2, 2018 5:00:00 PM (Day 3). The public issue subscribed 2.56 times in the retail category, [.] times in the QIB category, and 2.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.51 | 20,36,000 | 51,12,000 |
| Retail | 2.56 | 20,36,000 | 52,18,000 |
| Total | 2.64 | 40,72,000 | 1,07,50,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers, etc | 1.66 |
| 2 | Printing and Stationery and postage expenses | 0.03 |
| 3 | Advertising and Marketing expenses | 0.28 |
| 4 | Statutory expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹53.40 |
| Low | ₹52.55 |
| High | ₹56.05 |
| Last Trade | ₹56.05 |
Lead Manager Reports
Dhruv Consultancy IPO is a SME IPO of 42,96,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Apr 27, 2018, and closes on Wed, 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 Fri, Apr 27, 2018 and closes on Wed, 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 Thu, May 10, 2018.
