Dhariwalcorp Limited is launching an IPO with a fresh issue of 23,72,400 shares worth INR 25.15 crores. The company aims to fund capital expenditure for a warehouse, working capital, and general corporate purposes.
Dhariwalcorp IPO – Important Dates
| Dhariwalcorp Limited IPO Date | August 1, 2024 to August 5, 2024 |
| Dhariwalcorp Limited IPO Listing Date | August 8, 2024 |
| Dhariwalcorp Limited IPO Price | INR 102-106 per share |
| Dhariwalcorp Limited IPO Lot Size | 1200 Shares |
| Dhariwalcorp Limited IPO Total Issue Size | INR 25.15 crores |
| Dhariwalcorp Limited IPO Basis of Allotment | August 6, 2024 |
| Dhariwalcorp Limited IPO Initiation of Refunds | August 7, 2024 |
| Dhariwalcorp Limited IPO Credit of Shares to Demat | August 7, 2024 |
| Dhariwalcorp Limited IPO Issue Type | Book Built Issue IPO |
| Dhariwalcorp Limited IPO Listing At | NSE SME |
Dhariwalcorp Limited IPO – Company Profile
Dhariwalcorp Limited trades a wide range of waxes, industrial chemicals, and petroleum jelly, including various wax types and industrial chemicals like Rubber Process Oil, Citric Acid Monohydrate, and Stearic Acid.
The company serves various industries and offers diverse products. It has a presence in PAN India and exports to Nepal. The company ensures timely delivery through one processing unit and multiple outsourced warehouses across critical locations.
Focused on quality and customer satisfaction, the company trades and processes various waxes and industrial chemicals, sourcing globally and ensuring timely delivery through well-equipped facilities and adherence to safety norms.
Dhariwalcorp Ltd IPO Fundamental Analysis
Dhariwalcorp Limited Technologies’ financial analysis reveals a mixed performance. Revenue has grown steadily, with increased equity, profitability, and assets. Despite lower EPS and RoNW, the company shows strengthened liquidity and reduced debt reliance.
- Revenue Trend: The revenue increased from ₹15,857.73 lakhs in March 2022 to ₹19,392.76 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 22,880.29 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹142.41 lakhs in March 2022 to ₹450.63 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has reduced from ₹142.41 in March 2022 to ₹6.85 by March 2024, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 74.33% to 51.50%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
Dhariwalcorp IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 15,857.73 | 19,392.76 | 22,880.29 |
| Equity (₹ in lakhs) | 191.58 | 251.42 | 875.00 |
| Expenses (₹ in lakhs) | 15,732.32 | 19,434.04 | 22,509.02 |
| Profit and Loss After Tax (₹ in lakhs) | 142.41 | 59.84 | 450.63 |
| Diluted EPS only (₹) | 142.41 | 59.84 | 6.85 |
| Return on Net Worth (%) | 74.33 | 23.80 | 51.50 |
| NAV per Equity Share (₹) | 2.92 | 3.84 | 13.34 |
| Total Assets (in lakhs) | 1,351.04 | 1,961.06 | 2,131.30 |
| Total Liabilities (in lakhs) | 1,159.46 | 1,709.64 | 1,256.3 |
| Debt Equity Ratio | 2.98 | 2.46 | 1.00 |
| Current Ratio (in times) | 1.09 | 1.09 | 1.62 |
Dhariwalcorp Ltd IPO Peer Comparison
No listed companies in India and abroad are engaged in developing a similar product solution to that of Dhariwalcorp Limited. Accordingly, it is impossible to compare the industry’s accounting ratios with those of their company.
Dhariwalcorp Ltd IPO Objective
The main objective of Dhariwalcorp Limited is to fund capital expenditure for warehouse construction and meet working capital requirements.
- Funding Capital Expenditure towards construction of warehouse: The company intends to utilize INR 8.1 crores to construct a centralized warehouse in Jodhpur to enhance supply chain efficiency, reduce costs, improve customer satisfaction, and support market expansion and operational agility.
- Funding working capital requirements: The company plans to utilize INR 8 crores from net proceeds to fund working capital requirements in Fiscal Year 2025, supported by internal accruals and bank financing, with INR 5.25 crores sanctioned for cash credit facilities.
- General Corporate Purpose: The company will deploy the balance of funds towards general corporate purposes, including strategic initiatives, partnerships, joint ventures, acquisitions, facility renovations, brand promotion, meeting business difficulties, and liability repayment if needed.
Dhariwalcorp IPO Risks And Challenges
Dhariwalcorp Limited’s risks include supply chain vulnerabilities affecting production and costs, reliance on top customers for significant revenue, and exposure to product defects and regulatory non-compliance, which may impact its financial health, operations, and customer satisfaction.
- Dhariwalcorp Limited’s operations rely on external suppliers, making it vulnerable to supply disruptions, price volatility, and quality issues. Economic and regulatory changes in import markets can impact production, profitability, and overall business.
- Their top 10 customers contributed approximately 34.81% of revenue for FY 2024. Dependence on significant customers poses risks of revenue loss, increased inventory costs, and profitability issues. Failure to meet their standards could lead to contract cancellations or reduced orders.
- Product defects and regulatory non-compliance expose the company to liability claims, potential fines, recalls, and order cancellations, negatively impacting business operations, financial health, and customer satisfaction, with significant adverse effects on revenue.
Dhariwalcorp Ltd IPO – Industry & Market Potential
The global wax market, valued at USD 9.69 billion in 2019, is projected to grow to USD 14.16 billion by 2031 at a CAGR of 4.3%. Demand rises due to wax’s superior characteristics and applications in coatings and inks.
India’s retail industry is growing rapidly and is expected to surpass $2 trillion by 2032. Expanding at 30% annually, E-commerce will reach $350 billion by 2030. With 500 million online buyers, digital spending will exceed $800 billion by 2030.
With India’s chemical sector poised to grow from US$220 billion in 2022 to US$1 trillion by 2040, specialty chemicals are set to increase at a 12% CAGR, reaching US$64 billion by 2025 due to robust demand and investment.
Dhariwalcorp Limited IPO – Type of Offer
Dhariwalcorp Limited is launching an IPO with a fresh issue of 23,72,400 shares worth INR 25.15 crores. The company aims to fund capital expenditure for a warehouse, working capital, and general corporate purposes.
Dhariwalcorp IPO Offer Size
The offer size of Dhariwalcorp Limited is INR 25.15 crores, consisting of a fresh issue of 23,72,400 shares. The company seeks funds for capital expenditure for a warehouse, working capital, and general corporate purposes.
Dhariwalcorp Ltd IPO Allotment Structure
Dhariwalcorp Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 123,600 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 123,600 shares, are reserved for marker makers.
How to apply for the Dhariwalcorp IPO?
To apply for the Dhariwalcorp Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Dhariwalcorp Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Dhariwalcorp Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Dhariwalcorp IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Dhariwalcorp Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Dhariwalcorp Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Dhariwalcorp Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Dhariwalcorp Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Dhariwalcorp Ltd IPO Offer Registrar
The registrar for the Dhariwalcorp Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali CavesRoad,
Andheri East, Mumbai – 400 093,
Maharashtra, India
Tel: 022 – 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com
Dhariwalcorp Limited IPO – FAQs
1. What is the allotment date of the Dhariwalcorp IPO?
The allotment date of the Dhariwalcorp Limited IPO is August 6, 2024.
2. What is the price band of the Dhariwalcorp IPO?
The price band of the issue is INR 102-106 per share.
3. What is the size of the Dhariwalcorp IPO?
The offer size of Dhariwalcorp Limited is INR 25.15 crores, consisting of a fresh issue of 23,72,400 shares. The company seeks funds for capital expenditure for a warehouse, working capital, and general corporate purposes.
4. What is the listing date of the Dhariwalcorp IPO?
The listing date of Dhariwalcorp Limited’s IPO is August 8, 2024.
