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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹25.15 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹25.15 Cr |
| Fresh Issue | ₹23.84 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹102.00-106.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | DHARIWAL |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Shreni Shares Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
Incorporated in 2020, 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. The revenue from domestic sales for the fiscal years 2024, 2023, and 2022 was ₹226.30 Lakhs, ₹191.93 Lakhs, and ₹158.13 Lakhs, respectively, contributing to 98.91%, 98.97%, and 99.72% of its total revenue from operations for those years.
As of March 31, 2024, the company has seven department employees.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards construction of Warehouse | 8.10 |
| 2 | Funding working capital requirements of our company | 8.00 |
| 3 | General corporate purposes | 6.14 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 21.31 | 19.61 | 13.51 |
| Total Income | 231.11 | 195.19 | 159.20 |
| Profit After Tax | 4.51 | 0.60 | 1.42 |
| NET Worth | 8.75 | 2.51 | 1.92 |
| Reserves and Surplus | 2.17 | 2.41 | 1.82 |
| Total Borrowing | 8.79 | 6.18 | 5.71 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 51.50% |
| ROCE | 59.80% |
| Debt / Equity | 1.00% |
| RoNW | 51.50% |
| PAT Margin | 1.97% |
| Price to Book Value | 7.95 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.85 | 5.03 |
| P/E (x) | 15.48 | 21.06 |
| Promoter Holding | 99.99% | 73.5% |
| Market Cap | ₹94.88 Cr. | |
