Dhariwalcorp IPO will open for subscription from 01 August 2024. The company aims for an issue size of ₹25.15 Cr through this IPO.
Company Overview
| Full name | Dhariwalcorp Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://www.dhariwalcorporation.com/ |
About Company
Dhariwalcorp trades a comprehensive range of waxes, industrial chemicals, and petroleum jelly. The company processes, purchases, sells, imports, and trades various types of wax, including 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.
The company also trades in industrial chemicals, including Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid, and Petroleum Jelly, such as Paraffin Petroleum Jelly and White Petroleum Jelly. The company serves various 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 plays a significant role in the supply chain of these sectors, ensuring quality products and timely delivery.
Dhariwalcorp operates one processing unit and has warehouses in Jodhpur, Rajasthan; Bhiwandi, Maharashtra; and Ahmedabad, Mundra, Kachchh, Gujarat. The company operates in 21 states and 3 Union territories in India for domestic sales and exports products to Nepal. As of 31 March 2024, the company has seven department employees.
- Funding Capital Expenditure towards construction of Warehouse
- Funding working capital requirements of the company;
- General corporate purposes
The Objectives of the Issue
Dhariwalcorp IPO Timetable
| IPO Opening date | 01 August 2024 |
| IPO Closing | 05 August 2024 |
| Basis of Allotment | 06 August 2024 |
| Initiation Refund | 07 August 2024 |
| Credit to Demat Account | 07 August 2024 |
| Listing Date | 08 August 2024 |
Dhariwalcorp IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹25.15 Cr – 2,372,400 shares |
| Fresh Issue | ₹25.15 Cr – 2,372,400 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹102 to ₹106 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 123,600 shares |
| Shareholding pre-issue | 6,579,000 |
| Shareholding post-issue | 8,951,400 |
| Listing Exchange | BSE & NSE SME |
Dhariwalcorp Offer 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 Offer Documents
Dhariwalcorp IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 660,000 (27.82%) |
| Market Maker Shares Offered | 123,600 (5.21%) |
| QIB Shares Offered | 442,800 (18.66%) |
| NII (HNI) Shares Offered | 348,000 (14.67%) |
| Retail Shares Offered | 798,000 (33.64%) |
| Total Shares Offered | 2,372,400 (100%) |
Dhariwalcorp Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 158.58 | 193.93 | 228.80 |
| Expenses | 157.32 | 194.34 | 225.09 |
| Net income | 1.42 | 0.60 | 4.51 |
Dhariwalcorp Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.17 | 0.91 | 6.87 |
| PE ratio | – | – | 14.85 – 15.43 |
| RONW (%) | 74.33 | 23.80 | 51.50 |
| NAV | 2.92 | 3.84 | 13.34 |
| ROCE (%)* | 90.50 | 49.82 | 59.80 |
| EBITDA (%) | 1.50 | 0.82 | 2.92 |
| Debt/Equity | 2.98 | 2.46 | 1.00 |
Company Promoters
- Mr. Manish Dhariwal
- Ms. Shakshi Dhariwal
- Mr. Dilip Dhariwal.
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.50% |
Dhariwalcorp Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 7 August 2024 | 45 | – | 36,500 |
| 6 August 2024 | 50 | – | 41,000 |
| 5 August 2024 | 60 | – | 43,000 |
| 3 August 2024 | 62 | – | 45,500 |
| 2 August 2024 | 50 | – | 39,000 |
| 1 August 2024 | 40 | – | 33,000 |
| 31 July 2024 | 20 | – | 16,500 |
Dhariwalcorp IPO Subscription Update
| Category | QIB | NII | Retail | Total |
| Shares Offered | 4,42,800 | 3,48,000 | 7,98,000 | 15,88,800 |
| 5 Aug 2024 | 76.93 | 279.52 | 183.88 | 175.02 |
| 2 Aug 2024 | 0.00 | 6.03 | 16.96 | 9.84 |
| 1 Aug 2024 | 0.00 | 1.81 | 5.72 | 3.27 |
Dhariwalcorp IPO Allotment Status
Dhariwalcorp IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Dhariwalcorp IPO Listing Details
| Listing Date | 08 August 2024 |
| BSE Scrip Code | – |
| NSE Symbol | DHARIWAL |
| ISIN | INE0YRN01017 |
| Final Issue Price | ₹106 per share |
Dhariwalcorp IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹106.00 |
| Open | ₹150.00 |
| Low | ₹142.50 |
| High | ₹152.00 |
| Last Trade | ₹142.50 |
Dhariwalcorp IPO Lead Manager(s)
SHRENI SHARES LIMITED
Office No. 217, Hive 67 Icon, Poisar Gymkhana Road,
Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall,
Kandivali West, Mumbai-400067, Maharashtra
Phone: 022 2089 7022
Email: shrenishares@gmail.com
Website: www.shreni.in
Dhariwalcorp Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Dhariwalcorp Contact Details
DHARIWALCORP LIMITED
36, Narayan Nagar, Shobhawaton ki dhani,
Pal Link Road, Jodhpur – 342001, Rajasthan, India
Phone: +91 70141 31630
E-mail: investor@dhariwalcorporation.com
Website: www.dhariwalcorporation.com
Dhariwalcorp IPO FAQs
What is the Dhariwalcorp offer size?
Dhariwalcorp offer size is ₹ 24.20 – 25.15 crores.
What is the Dhariwalcorp offer price band?
Dhariwalcorp public offer price is ₹ 102 – 106 per share.
What is the lot size of the Dhariwalcorp IPO?
Dhariwalcorp offer lot size is 1,200 shares.
What is Dhariwalcorp IPO GMP today?
Dhariwalcorp IPO GMP today is ₹ 45 per share.
What is the Dhariwalcorp kostak rate today?
Dhariwalcorp kostak rate today is ₹ NA per application.
What is Dhariwalcorp Subject to the Sauda rate today?
Dhariwalcorp is Subject to the Sauda rate today is ₹ 36,500 per application.
Final thoughts
Dhariwalcorp IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
