DRS Dilip Roadlines IPO (Agarwal Packers & Movers IPO) Description – DRS Dilip Roadlines is engaged in the business of providing high quality logistics services including transportation, packing & moving and renting of warehouses. As on July 15, 2018, it operated and owned a fleet of 327 trucks in the own name and had capacity to hire 649 vehicles. The company’s packing and moving business is carried under brand name of ‘Agarwal Packers and Movers’ which has become renowned name in household relocation across the country.
For packing and moving services, the company owns composite container vehicle specially designed to suit the household shifting called ‘CHAPP VAN’ (Car, Households, Artifacts, Plants and Pets). This new-concept composite container vehicle supports transport of Car, Household, Artifacts, Plants and Pets all in one.
Promoters of DRS Dilip Roadlines – Mr. Dayanand Agarwal, Mr. Anjani Kumar Agarwal and Mr. Sanjay Agarwal
| DRS Dilip Roadlines IPO details | |
| Subscription Dates | 27 – 30 November 2018 |
| IPO Price band | INR75 per share |
| Fresh issue | 4,200,000 shares (INR31.50 crore) |
| Offer for sale | Nil |
| Total IPO size | 4,200,000 shares (INR31.50 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Repayment of Unsecured Loans – INR17.50 crore
- Setting up additional Warehouse in the state of Telangana – INR5.00 crore
- Acquiring Additional Branch for Expansion of business – INR1.50 crore
- Part repayment of Cash Credit facilities – INR3 crore
- Part repayment of Term Loans – INR3 crore
- General Corporate Purposes – INR0.90 crore
- Issue Expenses – INR0.60 crore
| DRS Dilip Roadlines’ financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | Q1 FY2019 | |
| Total revenue | 132.5 | 146.3 | 153.1 | 141.9 | 142.6 | 42.1 |
| Total expenses | 133.0 | 145.6 | 152.2 | 140.3 | 138.1 | 40.8 |
| Profit after tax | -0.42 | 0.44 | 0.50 | 1.08 | 3.45 | 1.39 |
Read Also: DRS Dilip Roadlines IPO Review: Should you invest?
DRS Dilip Roadlines’ Contact Details
DRS Dilip Roadlines Limited
220 to 224, 2nd Floor
Kabra Complex, 61, M. G. Road
Secunderabad, Telangana – 500003
Phone: +91 40 27711276
Email: [email protected]
Website: www.drsindia.in
DRS Dilip Roadlines IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.36 |
| Day 2 | 0.86 |
| Day 3 | 0.96 |
| Day 4 | 1.08 |
DRS Dilip Roadlines Valuation (For FY2018)
Earnings Per Share (EPS): INR3.18
Price/Earnings (P/E) ratio: 23.58
Return on Net Worth (RONW): 39.25%
Net Asset Value (NAV): INR8.10 per share
Registrar of DRS Dilip Roadlines IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
DRS Dilip Roadlines IPO Allotment Status
DRS Dilip Roadlines IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of DRS Dilip Roadlines
IPO Opening Date: 27 November 2018
IPO Closing Date:Â 30 November 2018
Finalisation of Basis of Allotment:Â 5 December 2018
Initiation of refunds: 6 December 2018
Transfer of shares to demat accounts: 7 December 2018
Listing Date: 10 December 2018
Listing Price on NSE SME: INR75.15 per share (up 0.2% from IPO price)
Closing Price on NSE SME: INR75.15 per share (up 0.2% from IPO price)
Profit shooting up all of a sudden… Im going to avoid this
This is not the original Agarwal. That’s a different company promoted by Ramesh Agarwal. And there is a dispute within the family about the use of Agarwal Packers and Movers brand. There is no exclusivity in the brand name as other family members are also allowed to do same business under this name.
True there are so many Agarwals now and everyone claims to be original. Sad but almost everyone is pathetic in service. These guys charged me 50K for shifting my belongings from Gurgaon to Pune and so many items got damaged