Dhariwalcorp IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
👉 Chanakyanipothi.com, a legacy of 31 Years.
India`s Oldest Investment & IPO website.
👉Most Trusted by Investors across India.
Table of Contents
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
|
|
| 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.
