Dhariwalcorp IPO Allotment Status

Oversubscription for Dhariwalcorp IPO: Key Details and Allotment Information

The Dhariwalcorp IPO concluded on 5th August 2024 with an impressive overall subscription rate of 174.95 times. The company's shares are expected to be listed on the NSE SME platform on 8th August 2024. By the end of the subscription period, the IPO had received bids for 27,79,60,800 shares, significantly surpassing the 15,88,800 shares on offer.

The IPO garnered substantial interest across various investor categories. Non-institutional investors (NII) led the charge with a subscription rate of 279.17 times, followed closely by retail investors at 183.89 times. Qualified Institutional Buyers (QIB) also showed strong interest, subscribing 76.93 times the shares allocated to their category. Both anchor investors and market makers fully subscribed to their respective portions, each with a subscription rate of 1 time.

Investors who have applied for the Dhariwalcorp IPO can check their allotment status through the official website of the registrar, Bigshare Services Pvt Ltd, or the NSE website.

How to Check Dhariwalcorp IPO Allotment Status on Bigshare Services?

Here's a step-by-step guide to checking the allotment status:

Step 1 - Visit the Bigshare Services website: https://www.bigshareonline.com/ipo_allotment.html

Step 2 - Select "Dhariwalcorp Limited" from the company dropdown menu.

Step 3 - Enter your PAN number, application number, or DP Client ID.

Step 4 - Click on the "Search" button to view your allotment status.

Step 5 - Download or print the allotment status for your records.

How to Check Dhariwalcorp IPO Allotment Status on the NSE?

Step 1 - Go to the official NSE website: https://www.nseindia.com/

Step 2 -  Navigate to the "Equities" section and select "IPO" from the dropdown menu.

Step 3 -  Click on the "Check Application Status" option.

Step 4 -  Choose "Dhariwalcorp Limited" from the Issue Name dropdown.

Step 5 -  Enter your PAN number and application number.

Step 6 -  Complete the captcha verification.

Step 7 -  Click on "Search" to view your allotment status.

Step 8 - Download or print the allotment status for your records.

Dhariwalcorp IPO Timeline

IPO Open Date: Thursday, 1st August 2024

IPO Close Date: Monday, 5th August 2024

Basis of Allotment: Tuesday, 6th August 2024

Initiation of Refunds: Wednesday, 7th August 2024

Credit of Shares to Demat: Wednesday, 7th August 2024

Listing Date: Thursday, 8th August 2024

Investors who received company shares will have their demat accounts credited on 7th August 2024. The refund procedure will begin on Thursday as soon as the allotment is finalised.

Dhariwalcorp IPO Subscription Status

Subscription Day 3
Total Subscription: 174.95 times
Institutional Investors (QIBs): 76.93 times
Non-Institutional Investors (NIIs): 279.17 times
Retail Investors: 183.89 times

Subscription Day 2
Total Subscription: 9.86 times
Institutional Investors (QIBs): 0.00 times
Non-Institutional Investors (NIIs): 5.7 times
Retail Investors: 17.15 times

Subscription Day 1
Total Subscription: 3.34 times
Institutional Investors (QIBs): 0.00 times
Non-Institutional Investors (NIIs): 1.83 times
Retail Investors: 5.83 times

About Dhariwalcorp IPO

Dhariwalcorp Limited launched its initial public offering (IPO) on 1st August 2024, with the subscription period closing on 5th August 2024. The company aims to raise ₹25.15 crores through this book-built issue, which consists entirely of a fresh issue of 23.72 lakh shares. The price band for the IPO has been fixed at ₹102 to ₹106 per share, with a face value of ₹10 per share.

Investors can apply for a minimum lot size of 1200 shares, requiring a minimum investment of ₹127,200 for retail investors. High Net Worth Individuals (HNIs) need to apply for a minimum of 2 lots, amounting to 2,400 shares or ₹254,400. The shares will be listed on the NSE SME platform, with the tentative listing date set for Thursday, 8th August 2024.

Shreni Shares Limited is the book-running lead manager for the Dhariwalcorp IPO, while Bigshare Services Pvt Ltd has been appointed the registrar. Shreni Shares will also act as the market maker for the issue.
The IPO reservation structure allocates 18.66% (442,800 shares) to Qualified Institutional Buyers (QIB), 14.67% (348,000 shares) to Non-Institutional Investors (NII), 33.64% (798,000 shares) to Retail Individual Investors (RII), and 27.82% (660,000 shares) to anchor investors. Additionally, 5.21% (123,600 shares) are reserved for the market maker.

Dhariwalcorp Limited, incorporated in 2020, is a trading company specialising in a wide range of waxes, industrial chemicals, and petroleum jelly. The company's product portfolio includes various types of wax, such as Paraffin Wax, Micro Wax, Slack Wax, Carnauba Wax, and many others. They also deal in industrial chemicals like Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, and Refined Glycerin.
The company serves multiple industries, including Plywood and Board, Paper Coating, Crayon Manufacturing, Candle

Production, Textiles, Pharmaceuticals, Petroleum Jelly and cosmetics, Tube and tire Manufacturing, Match Production, Food Processing, and Adhesive Manufacturing. Dhariwalcorp operates one processing unit and has warehouses in Jodhpur, Bhiwandi, Ahmedabad, and Mundra.

The company's promoters are Mr. Manish Dhariwal, Ms. Shakshi Dhariwal, and Mr. Dilip Dhariwal. Their shareholding will decrease from 99.99% pre-issue to 73.50% post-issue.