Dhariwalcorp IPO
IPO Listing Details
- Listing Date
08 Aug 2024
- Listing Price
₹ 150.00
- Listing Change
41.51%
- Last Traded Price
₹ 135.00
IPO Details
- Open Date
01 Aug 2024
- Close Date
05 Aug 2024
- IPO Price Range
₹ 102 to ₹ 106
- IPO Size
₹ 25.15 Cr
- Listing Exchange
NSE SME
- Listing Date
08 Aug 2024
IPO Timeline
Dhariwalcorp IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 1-Aug-2024 | 0.00 | 1.83 | 5.81 | 3.32 |
| 2-Aug-2024 | 0.00 | 5.71 | 17.17 | 9.88 |
| 5-Aug-2024 | 76.93 | 279.17 | 183.89 | 174.95 |
Last Updated: 05 August 2024 6:32 PM by 5Paisa
Last Updated: 5th August 2024, 6:30 PM by 5paisa
The Dhariwalcorp IPO is a book-built offering valued at ₹25.15 crores, consisting entirely of a fresh issue of 23.72 lakh shares.
The subscription period for the Dhariwalcorp IPO begins on August 1, 2024, and ends on August 5, 2024. The allotment is anticipated to be finalized on August 6, 2024, with the listing on NSE SME expected to occur on August 8, 2024.
The IPO is priced between ₹102 and ₹106 per share. The minimum application lot size is 1,200 shares, requiring a minimum investment of ₹127,200 for retail investors. For HNI investors, the minimum lot size is 2 lots (2,400 shares), totalling ₹254,400.
Shreni Shares Limited is serving as the book-running lead manager for the Dhariwalcorp IPO, with Bigshare Services Pvt Ltd acting as the registrar. Shreni Shares will also function as the market maker for the issue.
Objectives Of Dhariwalcorp IPO
1. Funding Capital Expenditure towards construction of Warehouse
2. Funding working capital requirements of the company;
3. General corporate purposes
Dhariwalcorp IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 25.15 |
| Offer for sale | - |
| Fresh issue | 25.15 |
Dhariwalcorp IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹127,200 |
| Retail (Max) | 1 | 1200 | ₹127,200 |
| HNI (Min) | 2 | 2,400 | ₹254,400 |
Dhariwalcorp IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 76.93 | 4,42,800 | 3,40,66,800 | 361.11 |
| NII (HNI) | 279.17 | 3,48,000 | 9,71,50,800 | 1,029.80 |
| Retail | 183.89 | 7,98,000 | 14,67,43,200 | 1,555.48 |
| Total | 174.95 | 15,88,800 | 27,79,60,800 | 2,946.38 |
Dhariwalcorp IPO Anchor Allocation
| Anchor Bid Date | 31 July, 2024 |
| Total no. of shares offered | 660,000 |
| Portion Size for Anchor Investors | 7.00Cr. |
| Lock in Period for 50% shares (30 days) | 5 September, 2024 |
| Lock in Period for rest of shares (90 days) | 4 November, 2024 |
Founded in 2020, Dhariwalcorp Limited specializes in a diverse array of waxes, industrial chemicals, and petroleum jelly. The company's offerings include a variety of wax types such as Paraffin Wax, Micro Wax, Slack Wax, Carnauba Wax, Microcrystalline Waxes, Semi-Refined Paraffin Wax, Yellow Beeswax, Hydrocarbon Wax, Montan Wax, Polyethylene Wax, Vegetable Wax, Residue Wax, Palm Wax, BN Micro Wax, Hydrogenated Palm Wax, Micro Slack Wax, PE Wax, and Soya Wax.
In addition, Dhariwalcorp Limited provides industrial chemicals including Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid, and various Petroleum Jellies, such as Paraffin Petroleum Jelly and White Petroleum Jelly.
The company supports a wide range of industries, including Plywood and Board, Paper Coating, Crayon Manufacturing, Candle Production, Textiles, Pharmaceuticals, Petroleum Jelly & Cosmetics, Tube & Tire Manufacturing, Match Production, Food Processing, and Adhesive Manufacturing. Dhariwalcorp Limited is integral to the supply chain for these sectors, ensuring the delivery of high-quality products.
Dhariwalcorp operates a processing unit and maintains warehouses in Jodhpur (Rajasthan), Bhiwandi (Maharashtra), Ahmedabad (Gujarat), and Mundra (Dist. Kachchh, Gujarat). The company conducts domestic sales across 21 states and 3 Union Territories in India and exports to Nepal. Revenue from domestic sales for the fiscal years 2024, 2023, and 2022 amounted to ₹226.30 Lakhs, ₹191.93 Lakhs, and ₹158.13 Lakhs, respectively, representing 98.91%, 98.97%, and 99.72% of its total revenue for those years.
Peers
N.A.
For More Information
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 231.11 | 195.19 | 159.20 |
| EBITDA | 6.69 | 1.58 | 2.38 |
| PAT | 4.51 | 0.60 | 1.42 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 21.31 | 19.61 | 13.51 |
| Share Capital | 6.57 | 0.10 | 0.10 |
| Total Borrowings | 8.79 | 6.18 | 5.71 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 0.30 | 0.80 | 0.96 |
| Net Cash Generated From / (used in) investing activities | -3.26 | 0.02 | -0.37 |
| Net Cash Generated From / (used in) financing activities | 2.99 | -0.79 | -0.54 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.03 | 0.02 | 0.04 |
Strengths
1. Diverse Product Offering
2. Strategic Location Benefits
3. Seasoned Leadership and Management Team
4. Strong Client Relationships
Risks
1. The company lacks long-term agreements with its suppliers.
2. The company's revenue is significantly reliant on its key customers.
3. The company faces counterparty credit risk.
4. Ineffective inventory management could harm the company’s reputation.
5. The company faces ongoing litigation that could potentially harm its business
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FAQs
The IPO opens on August 1, 2024, and closes on August 5, 2024.
The size of Dhariwalcorp IPO is ₹25.15 Cr
The IPO's price band is set between ₹102 and ₹106 per share.
To apply for Dhariwalcorp IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Dhariwalcorp IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The IPO’s minimum lot size is 1200 and the minimum investment required is ₹ 1,27,200.
The share allotment date of Dhariwalcorp IPO is 6th August 2024
The Dhariwalcorp IPO will be listed on 8th August 2024.
Sherni Shares Limited is the book-running lead manager for Dhariwalcorp IPO.
Dhariwalcorp IPO plans to utilize the raised capital from the IPO for:
1. Funding Capital Expenditure towards the construction of Warehouse
2. Funding working capital requirements of the company;
3. General corporate purposes
Contact Information
Dhariwalcorp
Dhariwalcorp Limited
36, Narayan Nagar, Shobhawaton ki dhani
Pal Link Road
Jodhpur – 342001
Phone: 70141 31630
Email: investor@dhariwalcorporation.com
Website: http://www.dhariwalcorporati/
Dhariwalcorp IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Dhariwalcorp IPO Lead Manager
Shreni Shares Limited
