IPO Details
Bidding Dates
01 Aug '24 - 05 Aug '24
Minimum Investment
₹127,200 / 1 Lot (1,200 Shares)
Price Range
₹102 - ₹106
Maximum Investment
₹127,200 / 1 Lot (1,200 Shares)
Retail Discount
To be announced
Issue Size
₹25.15 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Aug 1, 2024
IPO Close Date
Aug 5, 2024
Basis of Allotment
Aug 6, 2024
Initiation of Refunds
Aug 7, 2024
Credit of Shares to Demat
Aug 7, 2024
Listing Date
Aug 8, 2024
Cut-off time for UPI mandate confirmation
Aug 5, 2024
About Dhariwalcorp Limited
Incorporated in 2020, Dhariwalcorp Limited specialises in trading a diverse array of waxes, industrial chemicals, and petroleum jelly. The company engages in processing, purchasing, selling, importing, and trading various types of wax, including Paraffin Wax, Micro Wax, Slack Wax, Carnauba Wax, Microcrystalline Waxes, Semi-Refined Paraffin Wax, Yellow Beeswax, Hydrocarbon Wax, Montan Wax, Polyethylene Wax, Vegetable Wax, Residue Wax, Palm Wax, BN Micro Wax, Hydrogenated Palm Wax, Micro Slack Wax, PE Wax, and Soya Wax.
Additionally, Dhariwalcorp deals in industrial chemicals such as Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid, and Petroleum Jelly, including Paraffin Petroleum Jelly and White Petroleum Jelly.
The company serves industries including Plywood and Board, Paper Coating, Crayon Manufacturing, Candle Production, Textiles, Pharmaceuticals, Petroleum Jelly & Cosmetics, Tube & Tire Manufacturing, Match Production, Food Processing, and Adhesive Manufacturing. Dhariwalcorp ensures quality products and timely delivery, playing a crucial role in the supply chain of these sectors.
Operating one processing unit, Dhariwalcorp has warehouses in Jodhpur, Rajasthan; Bhiwandi, Maharashtra; Ahmedabad, Gujarat; and Mundra, Dist. Kachchh, Gujarat. The company operates in 21 states and 3 Union territories in India for domestic sales and exports products to Nepal. As of March 31, 2024, Dhariwalcorp employs seven departmental staff.
Industry Outlook:
- India's chemical sector is projected to grow from US$220 billion in 2022 to US$1 trillion by 2040, expanding at 9% per annum.
- Investment in India's chemicals and petrochemicals sector is estimated to reach US$107.38 billion by 2025, driven by strong demand growth in export and end-user industries.
Dhariwalcorp Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funding
- Funding working capital requirements of the company;
- General corporate purposes.
Peer Details
The company Dhariwalcorp Limited does not consider any listed company in India or abroad as its peers.
How to Check the Allotment Status of the Dhariwalcorp Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.
Contact Details of Dhariwalcorp Limited IPO
- Registered office: 36, Narayan Nagar, Shobhawaton ki dhani, Pal Link Road, Jodhpur – 342001, Rajasthan, India
- Phone: 70141 31630
- E-mail: investor@dhariwalcorporation.com
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue From Operations (in ₹ lakh) | 22,880.29 | 19,392.76 | 15,857.73 |
| Profit After Tax (PAT) (in ₹ lakh) | 450.63 | 59.84 | 142.41 |
| Cash & Cash Equivalents (in ₹ lakh) | 11.79 | 8.94 | 6.50 |
| Net Worth (in ₹ lakh) | 875.00 | 251.42 | 191.58 |
| Debt to Equity Ratio(x) | 1.00 | 2.46 | 2.98 |
| Return on Equity (%) | 51.50% | 23.80% | 74.33% |
| Return on Capital Employed (RoCE) (%) | 59.80% | 49.82% | 90.50% |
| Earning Per Share (EPS)-in absolute | 6.87 | 0.91 | 2.17 |
Know before investing
Strengths
6-
Diverse product range with 18 types of wax and chemicals.
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Strategic location with warehouses in 4 key cities.
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Experienced promoters with over 15 years in the industry.
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Strong client relationships ensure repeat business and trust.
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A centralised warehouse enhances efficiency and reduces logistics costs.
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Operations span 21 states, 3 Union territories, and export to Nepal.
Risks
6-
No long-term supplier contracts; 55.44% purchases from top 10 suppliers.
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Revenue dependency: Top 10 customers contribute 34.81% of revenue (2024).
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Counterparty credit risk: Trade receivables ₹772.56 lakhs (2024).
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Product quality issues may lead to cancellations and liability claims.
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Inventory mismanagement impacts business, financial condition, and operations.
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Regulatory non-compliance risks: delayed GST filings and potential penalties.
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Dhariwalcorp IPO FAQs
Dhariwalcorp Limited IPO is a fixed price IPO. The IPO will be open from August 1, 2024, to August 5, 2024.
The Basis of Allotment will happen on Tuesday, August 6, 2024.
The IPO subscription window will open on August 1, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,200 shares.
The listing date for Dhariwalcorp IPO is Thursday, August 8, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
