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Dhariwalcorp IPO

  • Status: Closed
  • RHP:
  • ₹ 122,400 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    08 Aug 2024

  • Listing Price

    ₹ 150.00

  • Listing Change

    41.51%

  • Last Traded Price

    ₹ 91.00

IPO Details

  • Bidding starts

    01 Aug 2024

  • Bidding ends

    05 Aug 2024

  • Listing

    08 Aug 2024

  • IPO Price Range

    ₹ 102 to ₹ 106

  • IPO Size

    ₹ 25.15 Cr

  • Listing Exchange

    NSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Dhariwalcorp IPO Subscription Status

Last Updated: 05 August 2024 6:32 PM by 5Paisa

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.

Peers

N.A.

For More Information

Webstory on Dhariwalcorp IPO

Dhariwalcorp IPO Size

Types Size (₹Cr)
Total IPO size 25.15
Offer for sale -
Fresh issue 25.15

Dhariwalcorp IPO Lot Size

Application Lots Shares Amount (₹)
Retail (Min) 1 1200 ₹127,200
Retail (Max) 1 1200 ₹127,200
HNI (Min) 2 2,400 ₹254,400

Dhariwalcorp IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 76.93 4,42,800 3,40,66,800 361.11
NII (HNI) 279.17 3,48,000 9,71,50,800 1,029.80
Retail 183.89 7,98,000 14,67,43,200 1,555.48
Total 174.95 15,88,800 27,79,60,800 2,946.38

Dhariwalcorp IPO Anchor Allocation

Anchor Bid Date 31 July, 2024
Total no. of shares offered 660,000
Portion Size for Anchor Investors 7.00Cr.
Lock in Period for 50% shares (30 days) 5 September, 2024
Lock in Period for rest of shares (90 days) 4 November, 2024

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 231.11 195.19 159.20
EBITDA 6.69 1.58 2.38
PAT 4.51 0.60 1.42
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 21.31 19.61 13.51
Share Capital 6.57 0.10 0.10
Total Borrowings 8.79 6.18 5.71
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 0.30 0.80 0.96
Net Cash Generated From / (used in) investing activities -3.26 0.02 -0.37
Net Cash Generated From / (used in) financing activities 2.99 -0.79 -0.54
Net Increase (Decrease) In Cash And Cash Equivalents 0.03 0.02 0.04


Strengths

1. Diverse Product Offering
2. Strategic Location Benefits
3. Seasoned Leadership and Management Team
4. Strong Client Relationships
 

Risks

1. The company lacks long-term agreements with its suppliers.
2. The company's revenue is significantly reliant on its key customers.
3. The company faces counterparty credit risk.
4. Ineffective inventory management could harm the company’s reputation.
5. The company faces ongoing litigation that could potentially harm its business
 

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FAQs

The IPO opens on August 1, 2024, and closes on August 5, 2024.

The size of Dhariwalcorp IPO  is ₹25.15 Cr

The IPO's price band is set between ₹102 and ₹106 per share.
 

To apply for Dhariwalcorp IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Dhariwalcorp IPO
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The IPO’s minimum lot size is 1200 and the minimum investment required is ₹ 1,27,200.
 

The share allotment date of Dhariwalcorp IPO is 6th August 2024

The Dhariwalcorp IPO will be listed on 8th August 2024.
 

Sherni Shares Limited is the book-running lead manager for Dhariwalcorp IPO.
 

Dhariwalcorp IPO plans to utilize the raised capital from the IPO for:

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