Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Thu, Aug 31, 2017 - Mon, Sep 4, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Aug 31, 2017
IPO Close
Mon, Sep 4, 2017
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹21.08 Cr
| IPO Date | 31 Aug to 4 Sep, 2017 |
| Listed on | Tue, Sep 12, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,84,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 1,44,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.2880 Cr) |
| Fresh Issue (Ex Market Maker) | 26,40,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 26,40,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 77,55,850 shares |
| Share Holding Post Issue | 1,05,39,850 shares |
| BSE Script Code | 540695 |
| ISIN | INE109Y01011 |
Dhruv Wellness IPO comprises a total issue size of 27,84,000 shares. The net offer to the public is 26,40,000 shares, after excluding 1,44,000 shares allotted on a firm basis. Of the Net offer 13,20,000 (50.00%) allocated to NII 13,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,20,000 | 50.00% | 47.41% |
| Retail Shares Offered | 13,20,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,44,000 | 5.17% | |
| Total Shares Offered | 27,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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.
| 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 | Working Capital Requirement | 3.85 |
| 2 | General Corporate Purpose | 1.10 |
| 3 | Public Issue Expenses | 0.62 |
The Dhruv Wellness IPO is subscribed [.] times on September 4, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 13,92,000 | 51,90,000 |
| Retail | [.] | 13,92,000 | 14,16,000 |
| Total | [.] | 27,84,000 | 66,06,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses | 0.45 |
| 2 | Printing & Stationery and Postage Expenses | 0.02 |
| 3 | Marketing and Advertisement Expenses | 0.09 |
| 4 | Regulatory fees and other expenses | 0.04 |
| 5 | Other Miscellaneous expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹19.60 |
| Low | ₹19.35 |
| High | ₹20.20 |
| Last Trade | ₹19.50 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Dhruv Wellness IPO is a SME IPO of 27,84,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Thu, Aug 31, 2017, and closes on Mon, Sep 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 Thu, Aug 31, 2017 and closes on Mon, Sep 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 Tue, Sep 12, 2017.
