Last updated on September 7, 2024
Dhariwalcorp IPO description – Dhariwalcorp trades a comprehensive 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 trades in industrial chemicals, including Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid, and Petroleum Jelly, such as Paraffin Petroleum Jelly and White Petroleum Jelly. The company serves various 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 plays a significant role in the supply chain of these sectors, ensuring quality products and timely delivery.
Dhariwalcorp operates one processing unit and has warehouses in Jodhpur, Rajasthan; Bhiwandi, Maharashtra; and Ahmedabad, Mundra, Kachchh, Gujarat. The company operates in 21 states and 3 Union territories in India for domestic sales and exports products to Nepal. As of 31 March 2024, the company has seven department employees.
Promoters of Dhariwalcorp – Mr. Manish Dhariwal, Ms. Shakshi Dhariwal, and Mr. Dilip Dhariwal
Table of Contents
Dhariwalcorp IPO Details
| Dhariwalcorp IPO Dates | 1 – 5 August 2024 |
| Dhariwalcorp Issue Price | INR 102 – 106 per share |
| Fresh issue | 23,72,400 shares (INR 24.20 – 25.15 crore) |
| Offer For Sale | NIL |
| Total IPO size | 23,72,400 shares (INR 24.20 – 25.15 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 1,27,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Dhariwalcorp Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 158.58 | 193.93 | 228.80 |
| Expenses | 157.32 | 194.34 | 225.09 |
| Net income | 1.42 | 0.60 | 4.51 |
Dhariwalcorp Offer News
- Dhariwalcorp RHP
- Dhariwalcorp Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Dhariwalcorp Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.17 | 0.91 | 6.87 |
| PE ratio | – | – | 14.85 – 15.43 |
| RONW (%) | 74.33 | 23.80 | 51.50 |
| NAV | 2.92 | 3.84 | 13.34 |
| ROCE (%)* | 90.50 | 49.82 | 59.80 |
| EBITDA (%) | 1.50 | 0.82 | 2.92 |
| Debt/Equity | 2.98 | 2.46 | 1.00 |
* Standalone data
Dhariwalcorp IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 7 August 2024 | 45 | – | 36,500 |
| 6 August 2024 | 50 | – | 51,000 |
| 5 August 2024 | 60 | – | 43,000 |
| 3 August 2024 | 62 | – | 45,500 |
| 2 August 2024 | 50 | – | 39,000 |
| 1 August 2024 | 40 | – | 33,000 |
| 31 July 2024 | 20 | – | 16,500 |
Dhariwalcorp IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 4,42,800 | 3,48,000 | 7,98,000 | 15,88,800 |
| 5 Aug 2024 | 76.93 | 279.52 | 183.88 | 175.02 |
| 2 Aug 2024 | 0.00 | 6.03 | 16.96 | 9.84 |
| 1 Aug 2024 | 0.00 | 1.81 | 5.72 | 3.27 |
The market maker reservation portion of 1,23,600 shares and anchor allocation of 6,60,000 shares are not included in the above calculations.
Dhariwalcorp IPO Allotment Status
Dhariwalcorp IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Dhariwalcorp IPO Dates & Listing Performance
| IPO Opening Date | 1 August 2024 |
| IPO Closing Date | 5 August 2024 |
| Finalization of Basis of Allotment | 6 August 2024 |
| Initiation of refunds | 7 August 2024 |
| Transfer of shares to demat accounts | 7 August 2024 |
| IPO Listing Date | 8 August 2024 |
| Opening Price on NSE SME | INR 150 per share (up 41.51%) |
| Closing Price on NSE SME | INR 142.50 per share (up 34.43%) |
Dhariwalcorp Offer Lead Manager
SHRENI SHARES LIMITED
Office No. 217, Hive 67 Icon, Poisar Gymkhana Road,
Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall,
Kandivali West, Mumbai-400067, Maharashtra
Phone: 022 2089 7022
Email:Â [email protected]
Website:Â www.shreni.in
Dhariwalcorp Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Dhariwalcorp Issue Contact Details
DHARIWALCORP LIMITED
36, Narayan Nagar, Shobhawaton ki dhani,
Pal Link Road, Jodhpur – 342001, Rajasthan, India
Phone: +91 70141 31630
E-mail: [email protected]
Website: www.dhariwalcorporation.com
IPO FAQs
What is the Dhariwalcorp offer size?
Dhariwalcorp offer size is INR 24.20 – 25.15 crores.
What is the Dhariwalcorp offer price band?
Dhariwalcorp public offer price is INR 102 – 106 per share.
What is the lot size of the Dhariwalcorp IPO?
Dhariwalcorp offer lot size is 1,200 shares.
What is Dhariwalcorp IPO GMP today?
Dhariwalcorp IPO GMP today is INR 45 per share.
What is the Dhariwalcorp kostak rate today?
Dhariwalcorp kostak rate today is INR NA per application.
What is Dhariwalcorp Subject to the Sauda rate today?
Dhariwalcorp is Subject to the Sauda rate today is INR 36,500 per application.
