Business description – Dhruv Consultancy Services is an infrastructure consultancy company providing design, engineering, procurement, construction and integrated project management services for Highways, Bridges, Tunnels, Architectural, Environmental Engineering and Ports. Its services include Preparation of DPR and feasibility studies for infrastructure projects, Operations & Maintenance Works, Project Management Consultancy Services, Independent Consultancy, Project Planning, Designing, Estimation, Traffic and Transportation Engineering, Financial Analysis, Technical audits, Structural Audit, Inspection of bridges and Techno Legal Services.
The company has provided its services to clientele such as Ministry of Road Transport and Highways, National Highways Authority of India, The City and Industrial Development Corporation of Maharashtra Ltd., Jawaharlal Nehru Port Trust, Maharashtra State Road Development Corporation, Mumbai Metropolitan Region Development Authority, Public Works Department, Maharashtra Tourism etc.
Promoters of Dhruv Consultancy Services – Pandurang B Dandawate and Jayashree P Dandawate
| Dhruv Consultancy Services IPO details | |
| Subscription Dates | 27 April – 2 May 2018 |
| IPO Price band | INR54 per share |
| Fresh issue | 4,296,200 shares (INR23.2 crore) |
| Offer for sale | Nil |
| Total IPO size | Â 4,296,200 shares (INR23.2 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Repayment/ prepayment of certain indebtedness – INR4.99 crore
- To Meet Working Capital requirements – INR11.40 crore
- General Corporate Expenses – INR4.81 crore
- Issue Expenses – INR1.99 crore
| Dhruv Consultancy Services’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 5.11 | 9.17 | 9.74 | 15.15 | 30.46 | 33.52 |
| Total expenses | 4.55 | 7.46 | 8.40 | 12.87 | 25.52 | 26.11 |
| Profit after tax | 0.35 | 1.13 | 0.79 | 1.32 | 3.08 | 5.40 |
Dhruv Consultancy Services’ Contact Details
Dhruv Consultancy Services Limited
501, Pujit Plaza, Palm Beach Road, Sector – 11
Opp. K-Star Hotel, Near CBD Station
CBD Belapur, Navi Mumbai-400614
Phone: +91 022 2757 0710
Email: [email protected]
Website: www.dhruvconsultancy.in
Dhruv Consultancy Services IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.17 |
| Day 2 | 0.29 |
| Day 3 | 2.54 |
Dhruv Consultancy Services Valuation (Latest FY)
Earnings Per Share (EPS): INR3.10
Price/Earnings (P/E) ratio: 17.42
Return on Net Worth (RONW): 35.48%
Net Asset Value (NAV): INR228.54 per share
Registrar of Dhruv Consultancy Services IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
Dhruv Consultancy Services IPO Allotment Status
Dhruv Consultancy Services IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Dhruv Consultancy Services
IPO Opening Date: 27 April 2018
IPO Closing Date: 2 May 2018
Listing Date: 10 May 2018
Listing Price on BSE SME: INR53.4 per share (down 1.11% from IPO price)
Closing Price on BSE SME: INR56.05 per share (up 3.79 from IPO price)
When listing dates is going to announced and how is the response to Subscription?