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    Dhariwalcorp IPO listed @ Rs.150

    Dhariwalcorp IPO GMP

    Dhariwalcorp IPO GMP grey market premium, review, Subscription, allotment, listing estimate @

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    Dhariwalcorp IPO listing Review

    The scrip is listed @ Rs. 150, premium of 41.51% over the issue price. The listing has been in line with the expectations of the grey market.



    Dhariwalcorp IPO allotment Link

    What was the last grey market premium of Dhariwalcorp IPO?

     GMP Rs. 36

    Subscription status of Dhariwalcorp IPO

    DhariwalCorp IPO (Closed)

    Price Rs. 106 Lot 1200 shares, Rs.16.84 Crore

    QIB NII X RII X Total X Applications
    25.15 76.93 279.17 174.95 122286 (183.89x)
    Amount wise bids recd. Rs.2946.16 Crore
    Note: Good subscriptions

     

    What is the business of Dhariwalcorp?

    Dhariwalcorp specializes in trading a diverse range of waxes, industrial chemicals, and petroleum jelly. Its business encompasses the processing, purchasing, selling, importing, and trading of various wax types, 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.

    In addition to its extensive wax offerings, it also trades in industrial chemicals such as Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid, and various Petroleum Jelly products, including Paraffin Petroleum Jelly and White Petroleum Jelly. Its product range covers both heavy and light chemicals, chemical elements, compounds, petrochemicals, mixtures, derivatives, and similar products.

    Serving a broad array of 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, it play a crucial role in these sectors. By ensuring the delivery of high-quality products on time, we are a key player in their supply chains.

    Dhariwalcorp operates both domestically and internationally. Within India, it has a presence across 21 states and 3 Union Territories, based on sales for the financial years ending March 31 for 2024, 2023, and 2022. Additionally, it has launched an export division, currently supplying products to Nepal as of March 31, 2024.

    Processing unit and warehouses:

    To support its nationwide reach and guarantee timely delivery, it operates a processing unit and manage five warehouses: one each in Jodhpur and Rajasthan, Bhiwandi in Maharashtra, Ahmedabad in Gujarat, and Mundra in Dist. Kachchh, Gujarat. It utilizes an outsourcing model for the Bhiwandi, Ahmedabad, and Mundra warehouses to ensure efficient distribution across various regions.

    Its procurement strategy involves sourcing products from both domestic markets and international suppliers, including China, Egypt, Singapore, UAE, UK, and Hong Kong. Domestically, its market coverage includes Assam, Bihar, Dadra and Nagar Haveli & Daman and Diu, Delhi, Goa, Gujarat, Jammu & Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal, and Uttarakhand.

    As a prominent player in the wax trading industry, Dhariwalcorp excels in sourcing, processing, and distributing a wide variety of waxes for numerous applications.

    Get more information about the company @ www.dhariwalcorporation.com

    Dhariwalcorp IPO Details

    IPO opens on  1 August 2024
    IPO closes on  5 August 2024
    Issue Type Book Built Issue IPO
    Issue Size 2372400 Shares /
    Rs ? Crore
    * Fresh Issue 2372400 Shares /
    Rs ? Crore
    * Offer for Sale –  
    Market Maker Portion 123600 Shares
    Net offer to Public 2248800 Shares/
    Rs.? Crore
    Face Value per share Rs. 10
    Price Band Rs.106
    Employee discount  Rs. 0 per share
    Retail Lot Size  1200 Shares
    Listing will at  NSE SME

    Shares offered in IPO

      Shares Rs. (Crore)
    QIB (50%) 1124400
    NII  (50%)   337320
    RII  (50%)   787080
    Total Shares  2248800
    Retail portion will be oversubscribed by 
    Forms
    How much Shares to Apply in this IPO?
    Min Retail Application 1200 Shares Rs.?
    Min HNI Application  2400 Shares Rs.?

    Who are the Promoters of Dhariwalcorp IPO?

    THE PROMOTERS OF THE COMPANY ARE MR. MANISH DHARIWAL, MS. SHAKSHI DHARIWAL AND MR. DILIP DHARIWAL

    What are the Objects of Dhariwalcorp IPO?

    The Offer comprises of only fresh issue of shares.

    The objectives of the Offer are to:

    1.Funding Capital Expenditure towards construction of Warehouse
    2.Funding working capital requirements of the company;
    3.General corporate purposes

    Tentative timetable

    IPO opens on 1 August 2024
    IPO Closes on 5 August 2024
    IPO Allotment on  6 August 2024
    Refund Initiation  7 August 2024
    Credit of Shares 7 August 2024
    Listing on 8 August 2024
    Registered Office of the Company
    Dhariwalcorp Limited
    36, Narayan Nagar, Shobhawaton ki dhani
    Pal Link Road
    Jodhpur – 342001

    Who is the Lead Manager of this IPO?
    Shreni Shares Limited
    Who is the Registrar to IPO?
    Bigshare Services Pvt Ltd

    Dhariwalcorp IPO GMP grey market premium, review, Subscription, allotment, listing estimate

    Dhariwalcorp IPO Financial & Analytical Ratios

    Year Total Income Net Profit EPS RoNW
      Rs.in Cr Rs.in Crore Rs. %
    2021-22 159.20 1.42 2.17 74.33
    2022-23 195.19 0.60 0.91 23.80
    2023-24 231.11 4.51 6.87 51.50
    Book Value of the
    Share on 31.03.2024
      Rs 13.34    
    BV of the Share at
    cap price
    after the IPO Rs. ?    
    Offer Price/upper band   Rs. ?    

    IPO
    Key Performance indicators

    Price/EPS of 23-24 ?
    Price/BV Ratio ?
    Price/BV after IPO 


    How Dhariwalcorp IPO
     compares with the Peers?


    There are no listed companies in India and abroad that is engaged in developing a similar line of product solution to that of this company. Accordingly, it is not possible to provide a comparison of accounting ratios of industry with the Company.

    As on date of RHP FV Total  PE
      Rs. Income Ratio of
        Rs. In Cr  
           
           
           
           
           
           

    # This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    Dhariwalcorp IPO Review

    Dhariwalcorp specializes in trading a diverse range of waxes, industrial chemicals, and petroleum jelly. Its business encompasses the processing, purchasing, selling, importing, and trading of various wax types, 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.

    In addition to its extensive wax offerings, it also trades in industrial chemicals
    Size:  
    Financial Snapshot:
     
    + from fundamental angle: ?
    + from grey market angle: ?

    Quicklinks


    Dhariwalcorp IPO GMP today allotment, review?

    Dhariwalcorp IPO GMP grey market premium

    Dhariwalcorp IPO FAQs

    What is Dhariwalcorp IPO
    ?

    This is a SME IPO of 2372400 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.? per share. The minimum order quantity is ? Shares.

    When will Dhariwalcorp IPO subscription open?

    Dhariwalcorp IPO opens on August, 2024, and closes on August 05, 2024.

    What is the lot size of Dhariwalcorp IPO?

    Dhariwalcorp IPO lot size is ? Shares, and the minimum amount required is Rs.?

    How to apply for Dhariwalcorp IPO?

    You can apply in Dhariwalcorp IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

    When is Dhariwalcorp IPO allotment?

    The finalization of Basis of Allotment for Dhariwalcorp IPO will be done on August 06, 2024, and the allotted shares will be credited to your demat account by August 07, 2024.

    When is Dhariwalcorp IPO listing date?

    Dhariwalcorp IPO listing date is August 08, 2024.