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Dolfin Rubbers IPO is a fixed price issue of ₹5.20 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹5.20 crore.
Dolfin Rubbers IPO bidding started from Sep 27, 2018 and ended on Oct 1, 2018. The shares got listed on BSE SME on Oct 10, 2018.
Dolfin Rubbers IPO price is ₹26.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,08,000.
Oneview Corporate Advisors Pvt.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 Guiness Securities Ltd..
Refer to Dolfin Rubbers IPO RHP for detailed Information.
| IPO Date | September 27, 2018 to October 1, 2018 |
| Listing Date | October 10, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 20,00,000 shares (aggregating up to ₹5.20 Cr) |
| Reserved for Market Maker | 1,04,000 shares Guiness Securities Ltd. (aggregating up to ₹0.2704 Cr) |
| Net Offered to Public | 18,96,000 shares (aggregating up to ₹4.93 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 55,22,496 shares |
| Share Holding Post Issue | 75,22,496 shares |
Dolfin Rubbers IPO offers total 20,00,000 shares. Out of which 9,48,000 (47.40%) allocated to NII, 9,48,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,04,000 (5.20%) |
| NII (HNI) Shares Offered | 9,48,000 (47.40%) |
| Retail Shares Offered | 9,48,000 (47.40%) |
| Total Shares Offered | 20,00,000 (100.00%) |
Dolfin Rubbers IPO opens on September 27, 2018, and closes on October 1, 2018.
| IPO Open Date | Thu, Sep 27, 2018 |
| IPO Close Date | Mon, Oct 1, 2018 |
| Tentative Listing Date | Wed, Oct 10, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 1, 2018 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,04,000 |
| Retail (Max) | 1 | 4,000 | ₹1,04,000 |
| HNI (Min) | 2 | 8,000 | ₹2,08,000 |
Incorporated in 1995, Ludhiana based Dolfin Rubbers Limited is a company engaged in the business of manufacturing Auto and Animal Driven Vehicle (ADV) tubes.
The company manufactures a range of rubber tubes, for various types of vehicles including Mopeds, Scooters, Motorcycles, Cars, Jeeps, Buses, Trucks and Tractors etc.
It sells auto tubes under the 'Dolfin' Brand. The Brand accounts for one of the highest shares of Auto and ADV tubes in Butyl rubber in replacement market in the country.
The company's manufacturing facility is located at Ludhiana.
It has an established distribution network spread across 27 states and union territories in India.
The company has 284 employees on its payroll.
Competitive Strengths-
1. An established brand 'Dolfin'
2. Robust distribution network across India
3. Wide product portfolio to cater to a large customer base
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Jan-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 1,814.92 | 1,651.05 | 1,261.86 | 1,298.04 | 1,588.87 | 1,402.92 |
| Total Revenue | 4,220.09 | 4,308.65 | 4,092.37 | 3,255.34 | 2,856.57 | 2,503.22 |
| Profit After Tax | 102.91 | 69.56 | 52.81 | 67.33 | 56.83 | 50.01 |
The Company Dolfin Rubbers 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 | To meet Working Capital requirements | 3.67 |
| 2 | General Corporate Purpose | 1.00 |
[Dilip Davda] <p>DRL has shown consistent growth in top line. Growing demand for tubeless tyres causes concern. Considering fully priced issue, investors may consider investment for long term.</p> Read detail review...
| Listing Date | October 10, 2018 |
| BSE Script Code | 542013 |
| NSE Symbol | |
| ISIN | INE666Y01010 |
| Final Issue Price | ₹26 per share |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹27.50 |
| Low | ₹27.00 |
| High | ₹27.60 |
| Last Trade | ₹27.05 |
Dolfin Rubbers Ltd.
79/1, Block-H
Sarabha Nagar,
Ludhiana
Ludhiana, Punjab, 141002
Phone: 0161-5031030, 2456880
Email: dolfintube@gmail.com
Website: http://www.dolfin.co.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Dolfin Rubbers IPO is a SME IPO of 20,00,000 equity shares of the face value of ₹10 aggregating up to ₹5.20 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on September 27, 2018, and closes on October 1, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Dolfin Rubbers IPO using UPI as a payment gateway. Zerodha customers can apply in Dolfin Rubbers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dolfin Rubbers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dolfin Rubbers IPO opens on September 27, 2018 and closes on October 1, 2018.
Dolfin Rubbers IPO lot size is 4000, and the minimum amount required for application is ₹1,04,000.
You can apply in Dolfin Rubbers 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 Dolfin Rubbers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Dolfin Rubbers IPO allotment status.
The Dolfin Rubbers IPO listing date is on Wednesday, October 10, 2018.
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