Dhariwalcorp was incorporated on June 14, 2020. The company is engaged in the business of trading a comprehensive range of waxes, industrial chemicals, and petroleum jelly. Its product range encompasses all types of heavy and light chemicals, chemical elements and compounds, petrochemicals, and activities of a similar nature. The company sells these products both domestically and internationally.
| Bidding Dates |
|---|
| 01 Aug 2024 - 05 Aug 2024 |
| Subscription |
|---|
| 164.99x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,22,400 | 1 | 1 | 1200 | 2.4 M | ₹102 - ₹106 | 73.49 % | ₹242.0 M - ₹251.5 M | RHP DOC |
Dhariwalcorp IPO SUBSCRIPTION STATUS
05 Aug '24Dhariwalcorp IPO overall subscription rate was 164.99 times the total available shares
Dhariwalcorp IPO retail subscription rate was 251.83 times in the retail segment
Dhariwalcorp IPO non-institutional investor subscription rate was 379.69 times in the non-institutional investor category
Dhariwalcorp IPO Qualified Institutional Bidder subscription rate was 39.79 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
05 Aug 2024 (Day 3) | 251.83x | 379.69x | 39.79x |
02 Aug 2024 (Day 2) | 22.59x | 8.18x | 0x |
01 Aug 2024 (Day 1) | 7.61x | 2.45x | 0x |
Dhariwalcorp FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 45.1 | 2,288.0 | 3.0 | -30.4 | 2.9% |
| FY23 | 6.0 | 1,939.3 | 8.0 | 7.7 | 0.8% |
| FY22 | 14.2 | 1,585.8 | 9.6 | 5.5 | 1.5% |
Dhariwalcorp IPO SUBSCRIPTION STATUS DETAILS
Dhariwalcorp had 2.4 M shares on offer
Dhariwalcorp IPO offer price was in the range ₹102 - ₹106
Dhariwalcorp IPO minimum Investment was ₹122400
Dhariwalcorp IPO issue size was ₹ 242.0 M - ₹ 251.5 M
Dhariwalcorp had a minimum lot size of 1200 Shares per application
Dhariwalcorp NUMBER OF SHARES ON OFFER
Dhariwalcorp IPO IMPORTANT DATES
| Issue Open Date | 01 Aug 2024 |
| Issue close Date | 05 Aug 2024 |
| Allotment Date | 06 Aug 2024 |
| Refund Date | 07 Aug 2024 |
| Demat Account Credit Date | 07 Aug 2024 |
| Listing Date | 08 Aug 2024 |
| Listing on Exchange(s) | NSE |
| Dhariwalcorp Allotment Status | Exchange |
Dhariwalcorp IPO subscription opened on 01 Aug 2024, and closed on 05 Aug 2024
IPO allotment for Dhariwalcorp was finalized on Tuesday, 06 Aug 2024
IPO listing for Dhariwalcorp was on NSE on Thursday, 08 Aug 2024
Dhariwalcorp IPO LISTING GAINS
| Issue Price (adjusted) | 21.2 |
| Listing Open Price | 150.0 |
| Listing Close Price | 142.5 |
| Listing Gain% | 41.5% |
| Current Gain% | 14.9% |
Dhariwalcorp Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dhariwalcorp Ltd. | 24.4 | 21.8 | 26.7 | -0.3 | 0.1 | 14 | 10.9 | 243.3 | 2.9 | 8.6 | 141.6 | 0.9 | -77 |
| Supreme Petrochem Ltd. | 701.4 | 13190.2 | 27.2 | 2.3 | 13.9 | 9.4 | 5449.8 | 329.2 | 25.8 | ||||
| Rain Industries Ltd. | 222.9 | 7496.5 | 14 | 0.1 | 0.4 | 0.6 | 0.2 | 17084.2 | 9.4 | 42.5 | 107.5 | 16 | 228.7 |
| I G Petrochemicals Ltd. | 492.9 | 1517.9 | 18.6 | 0.5 | 0.7 | 0.2 | 0.1 | 1950.8 | -12.6 | 2.2 | -98 | 26.5 | 34.5 |
| Manali Petrochemicals Ltd. | 64.6 | 1111.8 | 8.6 | 0 | 1.1 | 10.1 | 8.1 | 1069.8 | 16.1 | 130 | 343.4 | 7.6 | 343.5 |
| Kothari Petrochemicals Ltd. | 149.5 | 879.9 | 12.1 | 1.2 | 1.5 | 19.5 | 16.4 | 600.5 | 2 | 72.5 | 10.1 | 12.3 | 10.1 |
Dhariwalcorp INFORMATION ON IPO ISSUE
About Dhariwalcorp
Dhariwalcorp was incorporated on June 14, 2020. The company is engaged in the business of trading a comprehensive range of waxes, industrial chemicals, and petroleum jelly. Its product range encompasses all types of heavy and light chemicals, chemical elements and compounds, petrochemicals, and activities of a similar nature. The company sells these products both domestically and internationally.
Object of the Issue
- Funding capital expenditure towards the construction of warehouses
- Funding working capital requirements of the company
- General corporate purposes
Dhariwalcorp - PROMOTERS
| Name |
|---|
| Manish Dhariwal |
| Shakshi Dhariwal |
| Dilip Dhariwal |
Dhariwalcorp Lead Manager of the Issue
Shreni Shares Limited
shrenishares@gmail.com
Dhariwalcorp Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Dhariwalcorp Strengths
Wide Range of Products
The company has consistently expanded its product portfolio by adding new types of wax, industrial chemicals, and petroleum jelly suitable for further processing by various industries
Relationships with existing clientele
The company's focus on maintaining quality has helped them to build strong relationships with their clients. It regularly visits customers to understand their needs and concerns and address them personally.
Dhariwalcorp Risks
Dependent on warehouse services
The company is dependent on warehousing services for the delivery of its finished goods and supply of products. Any disruption in operations or a decrease in the quality of services could affect the company’s reputation and business.
Faces competition
The company's competitors have several strategies to increase market share through pricing, service, new product introductions, and distribution reach, among others. This increased competition by both traditional and new players may affect margins.
IPO FAQs
Dhariwalcorp Ltd. IPO listing opened at Rs 150.00 while the issue price was Rs 106.00 giving 41.51% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 21.20 giving 14.86% gains since its IPO listing.
The promoters of the company are Manish Dhariwal, Shakshi Dhariwal and Dilip Dhariwal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 102.0 - 106.0.
The IPO application opens on Aug 01, 2024 and closes on Aug 05, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 122,400.0, the maximum value for this IPO is Rs 127,200.0.
This IPO will be allotted on Aug 06, 2024.
The refund will be credited to your account on Aug 07, 2024.
The allotted shares will be credited to your demat on Aug 07, 2024.
Dhariwalcorp Ltd.’s shares listed on the stock exchanges on Aug 08, 2024.