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Dhruv Wellness IPO is a fixed price issue of ₹5.57 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹5.57 crore.
Dhruv Wellness IPO bidding started from Aug 31, 2017 and ended on Sep 4, 2017. The shares got listed on BSE SME on Sep 12, 2017.
Dhruv Wellness IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Gretex Corporate Services Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Dhruv Wellness IPO RHP for detailed Information.
| IPO Date | August 31, 2017 to September 4, 2017 |
| Listing Date | September 12, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,84,000 shares (aggregating up to ₹5.57 Cr) |
| Reserved for Market Maker | 1,44,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.2880 Cr) |
| Net Offered to Public | 26,40,000 shares (aggregating up to ₹5.28 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 77,55,850 shares |
| Share Holding Post Issue | 1,05,39,850 shares |
Dhruv Wellness IPO offers total 27,84,000 shares. Out of which 13,20,000 (47.41%) allocated to NII, 13,20,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,44,000 (5.17%) |
| NII (HNI) Shares Offered | 13,20,000 (47.41%) |
| Retail Shares Offered | 13,20,000 (47.41%) |
| Total Shares Offered | 27,84,000 (100.00%) |
Dhruv Wellness IPO opens on August 31, 2017, and closes on September 4, 2017.
| IPO Open Date | Thu, Aug 31, 2017 |
| IPO Close Date | Mon, Sep 4, 2017 |
| Tentative Listing Date | Tue, Sep 12, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 4, 2017 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Incorporated in 2015, Dhruv Wellness Ltd is engaged in the business of wholeselling and distributorship of general, pharmaceutical and cosmetic products. They also functions as a stockist of medical, general cosmetics and pharmaceutical products. The company serves retailers, wholesalers and other clients.
They have worked with many renowned distributors in cosmetic and pharma sectors and all of which supply different line of products to the Company. The product ranges from small sachets of shampoos and other toiletries to pharmaceutical products that become a part of every household. Their products are distributed among an extensive chain of retailers across the area starting from Jogeshwari to Dhanu in Mumbai. They have constituted a widespread tie-up with general and medical stores in Mumbai's suburban areas.
The Company Dhruv Wellness 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 | Working Capital Requirement | 3.85 |
| 2 | General Corporate Purpose | 1.10 |
| 3 | Public Issue Expenses | 0.62 |
[Dilip Davda] Considering track record and aggressive pricing of Dhruv Wellness BSE SME IPO, there is no harm in giving this IPO a miss. Read detail review...
| Listing Date | September 12, 2017 |
| BSE Script Code | 540695 |
| NSE Symbol | |
| ISIN | INE109Y01011 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹19.60 |
| Low | ₹19.35 |
| High | ₹20.20 |
| Last Trade | ₹19.50 |
Dhruv Wellness Ltd.
Chawl No -1, Rn 2,
Amba Mata Mandir Comp, Near Italiya Comp,
Veetbhatti, Goregaon (E), 00
Mumbai, Maharashtra, 400063
Phone: 022-28711486
Email: pravinprajapati_dhru@yahoo.in
Website: http://www.dhruvwellness.com
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query
Dhruv Wellness IPO is a SME IPO of 27,84,000 equity shares of the face value of ₹10 aggregating up to ₹5.57 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on August 31, 2017, and closes on September 4, 2017.
Purva Sharegistry (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 Wellness IPO using UPI as a payment gateway. Zerodha customers can apply in Dhruv Wellness IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dhruv Wellness IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dhruv Wellness IPO opens on August 31, 2017 and closes on September 4, 2017.
Dhruv Wellness IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Dhruv Wellness 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 Wellness IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Dhruv Wellness IPO allotment status.
The Dhruv Wellness IPO listing date is on Tuesday, September 12, 2017.
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