Dhruv Wellness is in the business of wholeselling and distributorship of general, pharmaceutical and cosmetic products. Our Company also functions as a stockist of medical, general cosmetics and pharmaceutical products. On January 1, 2016, our Company acquired the business, all the assets including debts, stock, stock-in-trade, movable plant and machinery, trade-marks, designs, patents and licenses and all credits etc. of Dhruv Agency which was in a market for about a decade and had been promoted by our promoter director, Ms. Anita Prajapati in the year 2005 resulting into reaching the next level in short span of time. The Proprietorship firm having agencies of various renowned agencies was engaged in the business of wholeselling, and distributorship of general, healthcare, pharmaceutical products and cosmetic products etc.
On February 11, 2017, our Company had entered into an agreement with M/s. Savita Health Care to manufacture Ayurvedic pharma preparations as listed below on our behalf on “Procure to Pay” (“P2P”) basis and for which license had been granted by Office of Asstt. Drug Controller, Dadra and Nagar Haveli to Savita Health Care for manufacturing following items under license no. DNH/AYV/47.
Promoters of Dhruv Wellness – Bhakti Bagadia
|
Dhruv Wellness IPO details |
|
| Subscription Dates | 31 August – 4 September 2017 |
| IPO Price band | INR20 per share |
| Fresh issue | 2,784,000 shares (INR5.57 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,784,000 shares (INR5.57 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
|
Dhruv Wellness’ financial performance (in INR crore) |
||||||
| FY2016 | FY2017 | |||||
| Total revenue | 22.72 | 101.94 | ||||
| Total expenses | 22.43 | 101.34 | ||||
| Profit after tax | 0.20 | 0.40 | ||||
Dhruv Wellness Limited
Chawl No -1, Rn 2, Amba Mata Mandir Compound NearItaliya Comp,
Veetbhatti, Goregaon (East),
Mumbai – 400063
Phone: +91 022 2871 1486
Email: [email protected]
Website: www.dhruvwellness.com
| Day |
Subscription (no. of times) |
| Day 1 | 0.02 |
| Day 2 | 0.05 |
| Day 3 | 2.37 |
Earnings Per Share (EPS): INR0.56
Price/Earnings (P/E) ratio: 35.71
Return on Net Worth (RONW): 6.62%
Net Asset Value (NAV): INR8.30 per share
Purva Sharegistry India Private Limited
Unit no. 9, Shiv Shakti Industrial Estate,
JR Boricha Marg, Lower Parel (E)
Mumbai – 400 011
Phone: +91 22 2301 6761
Fax: +91 22 2301 2517
Email: [email protected]
Website: www.purvashare.com
Dhruv Wellness IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.
IPO Opening Date: 31 August 2017
IPO Closing Date: 4 September 2017
Listing Date: 12 September 2017
Listing Price on BSE SME: INR19.6 per share (down 2% from IPO price)
Closing Price on BSE SME: INR19.5 per share (down 2.5% from IPO price)
