Dhariwalcorp IPO

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

Last Updated: 5th August 2024, 6:30 PM by 5paisa

The Dhariwalcorp IPO is a book-built offering valued at ₹25.15 crores, consisting entirely of a fresh issue of 23.72 lakh shares.

The subscription period for the Dhariwalcorp IPO begins on August 1, 2024, and ends on August 5, 2024. The allotment is anticipated to be finalized on August 6, 2024, with the listing on NSE SME expected to occur on August 8, 2024.

The IPO is priced between ₹102 and ₹106 per share. The minimum application lot size is 1,200 shares, requiring a minimum investment of ₹127,200 for retail investors. For HNI investors, the minimum lot size is 2 lots (2,400 shares), totalling ₹254,400.

Shreni Shares Limited is serving as the book-running lead manager for the Dhariwalcorp IPO, with Bigshare Services Pvt Ltd acting as the registrar. Shreni Shares will also function as the market maker for the issue.

Objectives Of Dhariwalcorp IPO

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

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

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