Dolfin Rubbers IPO Description – Dolfin Rubbers is engaged in manufacturing of Auto and Animal Driven Vehicle (ADV) tubes supporting the tyre industry near Ludhiana (Punjab). Its range of rubber tubes, suitable for tyres of various types of vehicles viz., Mopeds, Scooters, Motorcycles, Cars, Jeeps, Buses, Trucks and Tractors with the use of Butyl rubber.
The company was incorporated on 12 October 1995 and it started manufacturing tubes in the year 1997. Its registered office is located at 79/l, Block-H, Sarabha Nagar, Ludhiana- 141001, Punjab and it carries out production through its manufacturing unit situated at Village Gaunspur, Humbran-·141102, Ludhiana, Punjab. The company has established distribution network across India. It has presence in 27 states and union territories in India through distributors who assist it in supplying its products to a wide network of retail suppliers.
Promoters of Dolfin Rubbers – Kawaljit Singh and Ratinder Kaur
| Dolfin Rubbers IPO details | |
| Subscription Dates | 27 September – 1 October 2018 |
| IPO Price band | INR26 per share |
| Fresh issue | 2,000,000 shares (INR5.20 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,000,000 shares (INR5.20 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working Capital Requirements- INR3.67 crore
- General Corporate Purpose – INR1 crore
- Issue Expenses – INR0.53 crore
| Dolfin Rubbers’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 10M FY2018 | |
| Total revenue | 25.0 | 28.6 | 32.6 | 40.9 | 43.1 | 42.2 |
| Total expenses | 24.3 | 27.7 | 31.7 | 39.8 | 41.9 | 40.9 |
| Profit after tax | 0.50 | 0.57 | 0.67 | 0.53 | 0.70 | 1.03 |
Dolfin Rubbers’ Contact Details
Dolfin Rubbers Limited
79/1, Block-H
Sarabha Nagar
Ludhiana Punjab 141002
Phone: +91 0161 5031030
Email: [email protected]
Website: www.dolfin.co.in
Dolfin Rubbers IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.13 |
| Day 2 | 0.52 |
| Day 3 | 1.18 |
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Dolfin Rubbers Valuation (For FY2017)
Earnings Per Share (EPS): INR1.26
Price/Earnings (P/E) ratio: 20.63
Return on Net Worth (RONW): 11.28%
Net Asset Value (NAV): INR11.17 per share
Registrar of Dolfin Rubbers 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
Dolfin Rubbers IPO Allotment Status
Dolfin Rubbers IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Dolfin Rubbers
IPO Opening Date: 27 September 2018
IPO Closing Date: 1 October 2018
Listing Date: 10 October 2018
Listing Price on BSE SME: INR27.5 per share (up 5.77% from IPO price)
Closing Price on BSE SME: INR27.05 per share (up 4.04% from IPO price)
