Dhariwalcorp IPO: What investors should know about the upcoming IPO

• Dhariwalcorp IPO is a book-built issue worth up to Rs 23.15 crores.
• This bidding opens on August 1 and closes on August 5, 2024.
• Dhariwalcorp SME IPO price band is set at Rs 102 – Rs 106 per share.
• The minimum amount required for retail investors is Rs 1,27,200.

Dhariwalcorp IPO: Synopsis

Dhariwalcorp is open for subscription from Thursday, August 1, 2024, and closing on Monday, August 5, 2024. The price band for this IPO is set to Rs 102 – Rs 106 per share.

Dhariwalcorp IPO is offering a book-built public issue of an entirely fresh issue of 23.72 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, August 6, 2024. This IPO will be listed on the NSE SME segment on Thursday, August 8, 2024.

The minimum lot size set for the retail category is 1 lot, i.e., 1200 shares. For retail investors, the minimum and maximum investment amount required is Rs 127,200. However, for the HNI category, the maximum lot size is 2 lots, i.e., 24,00 shares amounting to Rs 254,400.

The IPO is managed by Shreni Shares Limited, which is the book-running lead manager of this public issue. The company has appointed Bigshare Services Private Limited as the registrar for the issue.

Also Read | Utssav Cz Gold Jewels IPO: Important Details to Know

Dhariwalcorp Limited: About the Company

Dhariwalcorp Limited, incorporated in 2020, trades in a diverse range of waxes, industrial chemicals, and petroleum jelly. The company handles, purchases, sells, imports, and trades various types of wax including Paraffin Wax, Micro Wax, Slack Wax, Carnauba Wax, Microcrystalline Waxes, and more. Additionally, it deals in industrial chemicals like Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid, and Petroleum Jelly.

Dhariwalcorp serves industries such as Plywood and Board, Paper Coating, Crayon Manufacturing, Candle Production, Textiles, Pharmaceuticals, and Food Processing. Operating one processing unit and warehouses in Jodhpur, Bhiwandi, Ahmedabad, and Mundra, the company operates in 21 states and 3 Union Territories in India and exports to Nepal. As of March 31, 2024, Dhariwalcorp Limited has seven employees in various departments.

Dhariwalcorp IPO: Objectives

The company plans to utilize the Net Proceeds from the Issue for several purposes. These include funding capital expenditure for the construction of a warehouse, meeting the company's working capital requirements, and supporting general corporate purposes.

Dhariwalcorp IPO: Other Important Details

Time-Table of Dhariwalcorp IPO

Dhariwalcorp IPO: Financial Metrics (Amt in Rs Lakhs)

The company's revenue was reported to be Rs 231.11crore for the year ended March 2024, which shows increment of 18.40% as compared to March 2023. The profit after tax massively increased by of 653.06% for the year ended March 2024 compared to March 2023. 

Minimum Investment: Lot Size Details

Promoters of Dhariwalcorp Limited and Their Holdings

The company's promoters are Mr. Manish Dhariwal, Ms. Shakshi Dhariwal and Mr. Dilip Dhariwal. The promoters collectively held 99.99% of the company's shares. However, post-IPO, their combined shareholding will be 73.50%.

Dhariwalcorp: Strength of Company

1. Dhariwalcorp Limited trades in a wide range of waxes, industrial chemicals, and petroleum jelly.

2. The company operates in 21 states and 3 Union territories in India for domestic sales.

3. The company has shown significant revenue growth over the past three fiscal years.

4. The company's net profit massively increased by 653.06% for FY24.

FAQs

1.  What are the core details available of Dhariwalcorp IPO?

Dhariwalcorp IPO is a book-built issue of Rs 23.15 crore. This upcoming IPO offering entirely a fresh issue of 23.72 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, August 6, 2024.

2.  How can I apply for the Dhariwalcorp IPO?

The public subscription of this new IPO opens on August 1 and closes on August 5, 2024. Click here to initiate the application process.

3.  Who are the lead managers for the Dhariwalcorp IPO?

Shreni Shares Limited was appointed as the book-running lead manager for the IPO.

4.  Who is appointed as the registrar for this IPO?

Bigshare Services Limited has been appointed as the registrar for this public issue.

5.  How will the net proceeds from the IPO be utilised?

The company plans to utilize the Net Proceeds from the Issue for several purposes. These include funding capital expenditure for the construction of a warehouse, meeting the company's working capital requirements, and supporting general corporate purposes.

6.  How can I check the allotment status of the IPO?

Investors who applied for IPO can check the allotment status of Dhariwalcorp IPO by visiting here, for further updates, follow Bigul. 

Also Read | Rajputana Industries IPO: Check these details before applying