Dhariwalcorp Limited

01 Aug 2024 - 05 Aug 2024 Individual Category SME NSE

Min Investment

₹127200

Price Band

₹102-₹106

Issue Size

17.12 lakhs
Equity Shares

Lot Size

1200

IPO Dates
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01 Aug 2024

Open Date

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05 Aug 2024

Close Date

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06 Aug 2024

Allotment Date

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08 Aug 2024

Listing Date

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.

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About Dhariwalcorp Limited

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.

Founded

2020

Managing Director

Mr. Manish Dhariwal, Ms. Shakshi Dhariwal and Mr. Dilip Dhariwal

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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