Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Thu, Sep 27, 2018 - Mon, Oct 1, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 27, 2018
IPO Close
Mon, Oct 1, 2018
Issue Price
₹26 per share
Market Cap (Pre-IPO)
₹19.56 Cr
| IPO Date | 27 Sep to 1 Oct, 2018 |
| Listed on | Wed, Oct 10, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 20,00,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 1,04,000 shares Guiness Securities Ltd. (agg. up to ₹0.2704 Cr) |
| Fresh Issue (Ex Market Maker) | 18,96,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 18,96,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 55,22,496 shares |
| Share Holding Post Issue | 75,22,496 shares |
| BSE Script Code | 542013 |
| ISIN | INE666Y01010 |
Dolfin Rubbers IPO comprises a total issue size of 20,00,000 shares. The net offer to the public is 18,96,000 shares, after excluding 1,04,000 shares allotted on a firm basis. Of the Net offer 9,48,000 (50.00%) allocated to NII 9,48,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,48,000 | 50.00% | 47.40% |
| Retail Shares Offered | 9,48,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,04,000 | 5.20% | |
| Total Shares Offered | 20,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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
| 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 | To meet Working Capital requirements | 3.67 |
| 2 | General Corporate Purpose | 1.00 |
The Dolfin Rubbers IPO is subscribed 1.25 times on October 1, 2018 6:50:02 PM (Day 3). The public issue subscribed 0.68 times in the retail category, [.] times in the QIB category, and 1.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.82 | 9,48,000 | 17,28,000 |
| Retail | 0.68 | 9,48,000 | 6,44,000 |
| Total | 1.25 | 18,96,000 | 23,72,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including, fees selling commission, Brokerages and payment to other intermediaries such as legal advisor, peer review auditor, Registrars and other out of pocket expenses. | 0.40 |
| 2 | Regulatory and other fees | 0.03 |
| 3 | Other Expenses (printing, stationery expenses, postage etc.) | 0.10 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹27.50 |
| Low | ₹27.00 |
| High | ₹27.60 |
| Last Trade | ₹27.05 |
Lead Manager Reports
Dolfin Rubbers IPO is a SME IPO of 20,00,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Sep 27, 2018, and closes on Mon, Oct 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 Thu, Sep 27, 2018 and closes on Mon, Oct 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 Wed, Oct 10, 2018.
