Dhariwalcorp Ltd IPO
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Dhariwalcorp Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 23.72 L | TBA | ₹ 7.98 L | ₹ 65.79 L | NSE | ₹ 25.15 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 01 Aug, 24 | 05 Aug, 24 | 1200 | ₹ 1,22,400 | Book Building - SME | 08 Aug, 24 |
Dhariwalcorp Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Trading |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 30.89x | 1102800 | 34066800 |
| NII | 280.25x | 348000 | 97526400 |
| Retail | 189.14x | 798000 | 150932400 |
| Employee | 0x | 0 | 0 |
| Total | 119.09x | 2372400 | 282525600 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Dhariwalcorp Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 6.11 | 0.96 | 1.96 |
| EBITDA | 6.20 | 1.07 | 2.04 |
| PAT | 4.51 | 0.60 | 1.42 |
| Total Assets | 16.52 | 18.08 | 11.90 |
| Share Capital | 6.58 | 0.10 | 0.10 |
| Total Borrowings | 11.24 | 4.02 | 3.64 |
| Operating Activities (Net Cash) | 4.60 | 0.71 | 1.50 |
| Investing Activities (Net Cash) | -3.12 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 11.24 | 4.02 | 3.64 |
| Net Cashflow | 0.12 | 0.09 | 0.07 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Dhariwalcorp Ltd
Our Company was originally incorporated under the name Dhariwalcorp Private Limited under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated June 14, 2020, issued by the Assistant Registrar of Companies, Central Registration Centre. Subsequently, the status of the Company was changed to public limited and the name of our Company was changed to Dhariwalcorp Limited vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on April 01, 2024. The fresh certificate of incorporation consequent to conversion was issued on May 04, 2024, by Assistant Registrar of Companies/ Deputy Registrar of Companies/ Registrar of Companies, Centralised Processing Centre. The Corporate Identification Number of our Company is U24242RJ2020PLC069105.
The India wax market size is projected to exhibit a growth rate (CAGR) of 4.5% during 2024-2032. The widespread product adoption across the industrial sector, the growing product utilization in the manufacturing of vehicle polish and the extensive product use in fruit coatings to extend shelf life represent some of the key factors driving the market.
Our Company Dhariwalcorp is a trading entity engaged in a comprehensive waxes, industrial chemicals, and petroleum jelly. With expertise in processing, purchasing, and trading, the company offers a diverse range of products, including Paraffin Wax, Rubber Process Oil, and White Petroleum Jelly. Their commitment to quality and compliance ensures reliability across heavy and light chemicals, catering to various industries. Logistics and supply chain management underscore their efficiency in meeting customer demands. Positioned for growth, Dhariwalcorp continues to explore new markets, innovate product formulations, and enhance sustainability practices, exemplifying adaptability and excellence in the trading landscape.
Peer Comparison:
- No Listed Industry Peers
Dhariwalcorp Ltd IPO Key Points
Strengths
- Wide range of products.
- Location Advantages.
- Experienced Promoter and management team.
- Well established relationship with clients.
Risk
- The company does not have long-term agreements with suppliers for its products and an increase in the cost of, or a shortfall in the availability or quality of such products could have an adverse effect on its business, financial condition and results of operations.
- The company depends on the success of its relationships with its customers. The company derives a significant part of its revenue from the company major customers and the company does not have long term contracts with these customers. If one or more of such customers choose not to source their requirements from it, its business, financial condition and results of operations may be adversely affected.
- The company is exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may adversely impact its results of operations.
Strategy
- Invest in proposed centralized warehouse facility and increase storage capacity.
- Expand relationships with our existing customers.
- Focus on increase in volume of sales.
- Improving Functional Efficiency.
- Wide range of products.
- Location Advantages.
- Experienced Promoter and management team.
- Well established relationship with clients.
How To Apply for Dhariwalcorp Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.