Dhariwalcorp IPO Subscription Status

Dhariwalcorp IPO - Day-3 Subscription at 174.95 times

Dhariwalcorp IPO closed on 5th Aug. Shares of Dhariwalcorp will likely be listed on 8 August on NSE SME platform. As of 5th August 2024, Dhariwalcorp IPO received bids for 27,79,60,800 shares much more than the 15,88,800 shares offered. It means Dhariwalcorp IPO was oversubscribed 174.95 times by the end of day 3.

Here are the subscription details for Dhariwalcorp IPO as of Day 3 (5th August 2024 at 5:34 pm):

Dhariwalcorp IPO subscription was mainly driven by HNI / NII investors on day 3, followed by Retail investors, then Qualified Institutional Buyers on day 3. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Dhariwalcorp IPO for Days 1, 2, and 3

On day 1, Dhariwalcorp IPO was subscribed 3.37 times. By day 2, the subscription status had risen to 9.97 times and on day 3, it reached 174.95 times.

Here are the subscription details for Dhariwalcorp IPO by category as of Day 3:

Data Source: NSE

Dhariwalcorp's IPO  received a varied response from different investor categories. Both the Market Maker and Anchor Investors fully subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed 76.93 times on day 3. HNIs / NIIs portion subscribed 279.17 times, while Retail Investors subscribed 183.89 times. Overall, Dhariwalcorp IPO was subscribed 174.95 times on Day 3.

Dhariwalcorp IPO - Day 2 Subscription at 9.86 Times

Dhariwalcorp IPO will close on 5th Aug. Shares of Dhariwalcorp will likely be listed on 8 August on NSE SME platform. As of 2 August 2024, Dhariwalcorp IPO received bids for 1,56,70,800 shares much more than the 15,88,800 shares offered. It means Dhariwalcorp IPO was oversubscribed 9.86 times by the end of day 2.

Here are the subscription details for Dhariwalcorp IPO as of Day 2 (August 2nd, 2024 at 5:34 pm):

Dhariwalcorp IPO subscription was mainly driven by retail investors on day 2, followed by HNI / NII  investors, Qualified Institutional Buyers (QIBs) did not show interest on day 2 also. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Dhariwalcorp IPO by category as of Day 2:

Data Source: NSE

On day 1, Dhariwalcorp IPO was subscribed 3.37 times. By day 2, the subscription status had risen to 9.86 times. Qualified Institutional Buyers (QIBs) did not participate on day 2 also. HNIs / NIIs portion subscribed 5.71 times, while Retail Investors subscribed 17.15 times. Overall, Dhariwalcorp IPO was subscribed 9.86 times on Day 2.

Dhariwalcorp IPO - Day 1 Subscription at 3.34 Times

Dhariwalcorp IPO will close on August 5th, 2024. Shares of Dhariwalcorp Limited are likely to be listed on August 8th, 2024. Shares of Dhariwalcorp Limited will make a trading debut on the NSE SME platform.
On August 1st, 2024, Dhariwalcorp IPO received bids for 53,10,000 shares, much more than the 15,88,800 shares available. This means that Dhariwalcorp IPO was subscribed 3.34 times by the end of Day 1.

Here are the subscription details for Dhariwalcorp IPO as of Day 1 (August 1st, 2024 at 6:19 pm):

Dhariwalcorp IPO subscription was mainly driven by retail investors, followed by High Net Worth Individuals (HNIs)/NIIs) and no interest from Qualified Institutional Buyers on day 1. The overall subscription numbers exclude the anchor investor portion and the market-making segment of the IPO. 

Qualified Institutional Buyers (QIBs) include large entities such as mutual funds and insurance companies, while High Net Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) comprise affluent individual investors and smaller institutions.

Here are the subscription details for Dhariwalcorp IPO by category as of Day 1:

On day 1, Dhariwalcorp IPO was subscribed 3.34 times. Qualified Institutional Buyers (QIBs) showed no interest, while.HNIs / NIIs portion subscribed at 1.83 times and Retail Investors subscribed at 5.85 times. Overall, the IPO was subscribed 3.34 times.

About Dhariwalcorp Limited

Founded in 2020, Dhariwalcorp Limited specializes in a diverse array of waxes, industrial chemicals, and petroleum jelly. The company's offerings include a variety of wax types such as 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, Dhariwalcorp Limited provides industrial chemicals including Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid, and various Petroleum Jellies, such as Paraffin Petroleum Jelly and White Petroleum Jelly.

The company supports a wide range 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. Dhariwalcorp Limited is integral to the supply chain for these sectors, ensuring the delivery of high-quality products.

Dhariwalcorp operates a processing unit and maintains warehouses in Jodhpur (Rajasthan), Bhiwandi (Maharashtra), Ahmedabad (Gujarat), and Mundra (Dist. Kachchh, Gujarat). The company conducts domestic sales across 21 states and 3 Union Territories in India and exports to Nepal. Revenue from domestic sales for the fiscal years 2024, 2023, and 2022 amounted to ₹226.30 Lakhs, ₹191.93 Lakhs, and ₹158.13 Lakhs, respectively, representing 98.91%, 98.97%, and 99.72% of its total revenue for those years.

Highlights of the Dhariwalcorp IPO

● IPO price band: ₹102 to ₹106 per share
● Minimum application lot size: 1200 shares.
● Minimum investment for retail investors: ₹ 1,27,200 
● Minimum investment for High Net-worth Investors (HNI): 2 lots (2400 shares), ₹254,400
● Registrar: Bigshare Services Private Ltd.