Dhariwalcorp Limited trades in a wide range of waxes, industrial chemicals, and petroleum jelly.
The company processes, purchases, sells, imports, and trades various types of wax, 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.
The company also deals in industrial chemicals such as Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid, and Petroleum Jelly, including Paraffin Petroleum Jelly and White Petroleum Jelly.
“Dhariwalcorp serves industries such as Plywood and Board, Paper Coating, Crayon Manufacturing, Candle Production, Textiles, Pharmaceuticals, Petroleum Jelly & Cosmetics, Tube & Tire Manufacturing, Match Production, Food Processing, and Adhesive Manufacturing. The company plays a significant role in the supply chain of these sectors, ensuring quality products and timely delivery.”
The company operates one processing unit and has warehouses in Jodhpur, Rajasthan, Bhiwandi, Maharashtra, Ahmedabad, Gujarat, and Mundra, Dist. Kachchh, Gujarat.
The company operates in 21 states and 3 Union territories in India for domestic sales. They also export products to Nepal. As of March 31, 2024, the company has seven department employees.
Dhariwalcorp IPO – Details
| IPO Opening Date | 01 August 2024 |
| IPO Closing Date | 05 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 23,72,400 Shares Worth ₹25.14 Crore Fresh Issue: 23,72,400 Shares Worth ₹25.14 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹102 – ₹106 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Dhariwalcorp IPO – Date Schedule
| IPO Open Date | 01 August 2024 |
| IPO Close Date | 05 August 2024 |
| Basis of Allotment | 06 August 2024 |
| Initiation of Refund | 07 August 2024 |
| Credit of Shares to Demat Account | 07 August 2024 |
| IPO Listing Date | 08 August 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 05, 2024 |
Dhariwalcorp IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,27,200 |
| Retail (Max) | 1 | 1200 | ₹1,27,200 |
| HNI (Min) | 2 | 2400 | ₹2,54,400 |
Competitive Strengths
- Wide range of products.
- Location Advantages.
- Experienced Promoter and management team.
- Well established relationship with clients.
Company Promoters
- Mr. Manish Dhariwal
- Ms. Shakshi Dhariwal
- Mr. Dilip Dhariwal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 159.20 | 157.32 | 1.42 | 5.71 |
| 31 March 2023 | 195.19 | 194.34 | 0.59 | 6.18 |
| 31 March 2024 | 231.11 | 225.09 | 4.50 | 8.78 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 51.50% |
| ROCE | 59.80% |
| Debt/Equity | 1 |
| RoNW | 51.50% |
| P/BV | 7.95 |
| PAT Margin (%) | 1.97 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 6.85 | 5.03 |
| P/E (x) | 15.48 | 21.06 |
Object Of The Issue
- Funding Capital Expenditure towards construction of Warehouse;
- Funding working capital requirements of the company;
- General corporate purposes
Dhariwalcorp IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.50% |
Dhariwalcorp IPO Prospectus
Company Contact Information
| Dhariwalcorp Limited 36, Narayan Nagar, Shobhawaton ki dhani Pal Link Road Jodhpur – 342001 Phone: 70141 31630 Email: investor@dhariwalcorporation.com Website: http://www.dhariwalcorporati/ |
Dhariwalcorp IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Dhariwalcorp IPO Lead Manager(s)
| 1. Shreni Shares Limited |
Dhariwalcorp IPO FAQs
| What is Dhariwalcorp IPO? Dhariwalcorp IPO is a SME IPO. The issue is priced at ₹102 and ₹106 per equity share. The IPO is to be listed on NSE SME. |
| When Dhariwalcorp IPO will open? The IPO is to open on 01 August 2024 for QIB, NII, and Retail Investors. |
| What is Dhariwalcorp IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Dhariwalcorp IPO? You can apply Dhariwalcorp IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Dhariwalcorp IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Dhariwalcorp IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Dhariwalcorp IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Dhariwalcorp IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Dhariwalcorp IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Dhariwalcorp IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Dhariwalcorp IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Dhariwalcorp IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Dhariwalcorp IPO Size? Dhariwalcorp IPO size is ₹25.14 Crore. |
| What is Dhariwalcorp IPO Price Band? Dhariwalcorp IPO Price Band is ₹102 – ₹106. |
| What is Dhariwalcorp IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1200 Shares with ₹1,27,200 amount while the maximum bid is 1200 Shares with ₹1,27,200. |
| What is the Dhariwalcorp IPO Allotment Date? Dhariwalcorp IPO allotment date is 06 August 2024. |
| What is the Dhariwalcorp IPO Listing Date? Dhariwalcorp IPO listing date is 08 August 2024. The IPO is to be listed on NSE SME. |
