Dhariwalcorp IPO Surges 41.5% on NSE SME Debut

Shares of Dhariwalcorp went public on the NSE SME platform at a premium of 41.5%, rising from the issue price of ₹ 106 to ₹ 150. Much to the delight of investors, the IPO was 100 x oversubscribed. The company deals in industrial chemicals & waxes, providing a wide range of high-quality products to both domestic & foreign sectors.

The net proceeds from the IPO will be used by Dhariwalcorp Ltd. for general business objectives, working capital requirements, & capital expenditures toward the building of a new warehouse.

Investors responded favorably to the initial public offering (IPO), which consisted entirely of a new equity sale of 23.72 lakh shares, with an aggregate subscription of more than 100 x at the close.

Dhariwalcorp is a trading company that deals in a wide variety of waxes, petroleum jelly, & industrial chemicals. The company deals in the processing, buying, selling, importing, & trading of several kinds of wax, such as Slack wax, Micro wax, & paraffin wax.

The product line includes all kinds of chemicals, both heavy & light, as well as petrochemicals, industrial chemicals, chemical elements & compounds, mixtures, derivatives, articles, compounds, by-products, & related activities. The company provides services to a number of industries, such as the production of plywood & board, paper coating, crayons, candles, textiles, medicines, petroleum jelly, & cosmetics, as well as the production of tubes, tires, matches, food processing, & adhesives.

It contributes significantly to the supply chain of various industries with its wide selection of items, guaranteeing high-quality goods & prompt delivery. The goods are marketed both domestically & abroad.

The company's revenue from domestic sales for the fiscal years 2024, 2023, & 2022 was ₹ 2.26 crore, ₹ 1.91 crore, & ₹ 1.58 crore, respectively. These amounts accounted for 98.91%, 98.97%, & 99.72% of total revenues.

The company's revenue from domestic sales for the fiscal years 2024, 2023, & 2022 was ₹ 2.26 crore, ₹ 1.91 crore, & ₹ 1.58 crore, respectively. These amounts accounted for 98.91%, 98.97%, & 99.72% of total revenues.

To Summarize

Dhariwalcorp IPO listed on the NSE SME platform at a significant premium of 41.5%, rising from the issue price of ₹106 to ₹150. The IPO was highly successful, being 100 x oversubscribed. The IPO consisted entirely of a new equity sale of 23.72 lakh shares. Dhariwalcorp serves various industries such as plywood, paper coating, textiles, & cosmetics, with its wide range of products marketed both domestically & internationally.