Dhariwalcorp IPO
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 1 Aug 24 – 5 Aug 24 | ₹1,22,400 | 1,200 | ₹102 – ₹106 |
Issue Size | IPO Doc |
|---|---|
| 25.15Cr | RHP PDF |
About Dhariwalcorp Limited
| Founded in | 2020 |
| Managing director | Mr. Manish Dhariwal |
| Parent organisation | Dhariwalcorp Ltd |
Dhariwalcorp Limited specializes in the trading and related activities of a diverse range of waxes, industrial chemicals, and petroleum jelly. Established in 2020, the company engages in the procurement, sale, import, and trade of various wax types, including 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.
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In addition to waxes, Dhariwalcorp Limited deals in industrial chemicals such as Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid, and various forms of Petroleum Jelly, including Paraffin Petroleum Jelly and White Petroleum Jelly.
The company serves 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 ensures high-quality products and timely delivery across these sectors, with a significant presence throughout India.
Dhariwalcorp operates processing units and warehouses in Jodhpur (Rajasthan), Bhiwandi (Maharashtra), Ahmedabad (Gujarat), and Mundra (Dist. Kachchh, Gujarat). It operates across 21 states and 3 Union Territories in India and also exports products to Nepal. For the fiscal years 2024, 2023, and 2022, domestic sales revenue was ₹226.30 Lakhs, ₹191.93 Lakhs, and ₹158.13 Lakhs, respectively, making up 98.91%, 98.97%, and 99.72% of total revenue.
As of March 31, 2024, Dhariwalcorp employs seven staff members in its departments.
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IPO Details
The company is launching an IPO to raise Rs 25.15 crores through a fresh issue of 23.72 lakh shares. The IPO will open for subscription on August 1, 2024, and close on August 5, 2024. Allotment is expected to be finalized on August 6, 2024, with the listing on NSE SME scheduled for August 8, 2024.
The price band for the IPO is set at ₹102 to ₹106 per share. The minimum lot size for retail investors is 1,200 shares, requiring a minimum investment of ₹127,200. High-net-worth individuals (HNI) must invest in at least 2 lots (2,400 shares), totaling ₹254,400.
Shreni Shares Limited is the book running lead manager, Bigshare Services Pvt Ltd is the registrar, and Shreni Shares is the market maker for the IPO.
For detailed information, please refer to the Dhariwalcorp IPO Red Herring Prospectus (RHP).
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Financial Information
Dhariwalcorp Limited’s revenue went up by 18.4%, and their profit after tax increased by 653.06% between March 31, 2023, and March 31, 2024.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,131.30 | 1,961.06 | 1,351.04 |
| Revenue | 23,111.35 | 19,519.43 | 15,920.11 |
| Profit After Tax | 450.63 | 59.84 | 142.41 |
| Net Worth | 875.00 | 251.42 | 191.58 |
| Reserves and Surplus | 217.10 | 241.42 | 181.58 |
| Total Borrowing | 878.76 | 618.13 | 571.43 |
| Amount in ₹ Lakhs | |||
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IPO Timeline
Dhariwalcorp Limited IPO opens on August 1, 2024, and closes on August 5, 2024.
| IPO Open Date | Thursday, August 1, 2024 |
| IPO Close Date | Monday, August 5, 2024 |
| Basis of Allotment | Tuesday, August 6, 2024 |
| Initiation of Refunds | Wednesday, August 7, 2024 |
| Credit of Shares to Demat | Wednesday, August 7, 2024 |
| Listing Date | Thursday, August 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 5, 2024 |
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IPO FAQs
Dhariwalcorp Limited buys, sells, imports, and trades various types of waxes, industrial chemicals, and petroleum jelly.
They trade many kinds of waxes, like Paraffin Wax, Micro Wax, Slack Wax, Carnauba Wax, and more.
Dhariwalcorp has processing units and warehouses in Jodhpur (Rajasthan), Bhiwandi (Maharashtra), Ahmedabad (Gujarat), and Mundra (Dist. Kachchh, Gujarat).
Their products are used in industries like plywood and board, paper coating, crayon manufacturing, candle production, textiles, pharmaceuticals, and cosmetics.
The company’s revenue increased by 18.4%, and its profit after tax (PAT) increased by 653.06%.
The IPO opens for subscription on August 1, 2024, and closes on August 5, 2024.
The IPO price band is set at ₹102 to ₹106 per share.
Retail investors need to buy at least 1,200 shares, which costs ₹127,200. High-net-worth individuals need to buy at least 2,400 shares, costing ₹254,400.
Shreni Shares Limited is the lead manager, Bigshare Services Pvt Ltd is the registrar, and Shreni Shares is the market maker for the IPO.
