Dhariwal corp Limited
Book Built Issue IPO · NSE
- Price band
- ₹102 - ₹106
- Lot size
- 1,200 shares
- Issue amount
- ₹25.15 cr
- Total subscription
- 177.82×
- Opens
- 1 Aug 2024
- Closes
- 5 Aug 2024
- Allotment
- 6 Aug 2024
- Listing
- 8 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 23,72,400 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,22,400
- Fresh issue
- ₹25.15 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,27,200
- Issue type
- Book Built Issue IPO
- Shares before issue
- 65,79,000
- Shares after issue
- 89,51,400
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,27,200 |
| HNI | 2 | 2,400 | ₹2,54,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.69 | 361.11 |
| RETAIL | 8.46 | 1,599.88 |
| NIB | 3.69 | 1,033.78 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 6.85 | 59.84 | 142.41 |
| ROE | 51.5 | 23.8 | 74.33 |
| ROCE | 59.8 | 49.82 | 90.5 |
| RONW | 51.5 | 23.8 | 74.33 |
| PRE IPO(PE) | 15.48 | 0 | 0 |
| POST IPO(PE) | 21.06 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Dhariwalcorp Limited, established in 2020, specializes in trading various waxes, industrial chemicals, and petroleum jelly. The company deals in Paraffin Wax, Micro Wax, Carnauba Wax, and chemicals like Rubber Process Oil and Citric Acid Monohydrate, serving industries such as plywood, pharmaceuticals, and adhesives. With processing units and warehouses in Jodhpur, Bhiwandi, Ahmedabad, and Mundra, it operates across 21 states, 3 Union Territories, and exports to Nepal. In FY 2024, the company reported domestic sales of ₹226.30 Lakhs, supported by a dedicated team of 7 employees.
Strengths
- Diverse Product Range: Dhariwalcorp Limited offers a variety of waxes, industrial chemicals, and petroleum jelly for industries like pharmaceuticals, textiles, and food processing, meeting a wide range of customer needs.
- Strategic Locations: Warehouses in Jodhpur, Bhiwandi, Ahmedabad, and Mundra help streamline logistics, ensuring fast and efficient deliveries across 21 states, 3 Union territories, and exports to Nepal.
- Experienced Leadership: A skilled management team and seasoned promoters drive the company’s growth with strong business strategies and operational excellence.
Risk factors
- Supplier Uncertainty: Without long-term agreements, rising costs or supply shortages could impact business operations and financial stability.
- Customer Dependence: A large part of revenue comes from key customers without long-term contracts—losing them could affect growth and stability.
- Payment Risks: Delayed or unpaid invoices from customers could impact cash flow and overall business performance.
Promoters
Mr. Manish Dhariwal
Ms. Shakshi Dhariwal
Mr. Dilip Dhariwal
Read the latest IPO market update.
Registrar & documents
Lead manager
Shreni Shares Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
36, Narayan Nagar, Shobhawaton ki dhani, Pal Link Road, Jodhpur – 342001
+91 70141 31630
[email protected]Company website ↗Understanding DHARIWAL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.