36, Narayan Nagar, Shobhawaton ki dhani
Pal Link Road
Jodhpur – 342001
Phone: 70141 31630
Email: investor@dhariwalcorporation.com
Website: http://www.dhariwalcorporati/
Last updated on 05-Aug-2024 18:33:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 442800 | 34066800 | 76.93 |
| NIB | 348000 | 97526400 | 280.25 |
| RETAIL | 798000 | 150932400 | 189.14 |
| Total | 1588800 | 282525600 | 177.82 |
| Retail Apps | 125777 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹39.88 | @8% ₹45.58 | @9% ₹51.27 | @10% ₹56.97 | @11% ₹62.67 | @12% ₹68.37 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 127200 | 665 |
| HNI | 2 | 2400 | 254400 | 290 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.64% | 798000 |
| NII (HNI) | 14.67% | 348000 |
| Anchor | 27.82% | 660000 |
| QIB | 18.66% | 442800 |
| Market Maker | 5.21% | 123600 |
| Total | 100.00% | 2372400 |
Dhariwalcorp IPO Details
| Issue Size | 2,372,400 shares (aggregating up to ₹[25.15] Cr) |
| Fresh Issue | 2,372,400 shares (aggregating up to ₹[25.15] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,579,000 |
| Share holding post issue | 8,951,400 |
| Market Maker portion | 123,600 shares Shreni Shares |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 51.50% | 23.80% | 74.33% |
| ROCE | 59.80% | 49.82% | 90.50% |
| RONW | 51.50% | 23.80% | 74.33% |
| D/E | 1 | 2.46 | 2.98 |
| EPS (Diluted) | 6.85 | 59.84 | 142.41 |
| P/E Pre IPO | 15.48 | ||
| P/E Post IPO | 21.06 |
Company Financials
Dhariwalcorp Limited Financial Information (Restated)
Dhariwalcorp Limited's revenue increased by 18.4% and profit after tax (PAT) rose by 653.06% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|
| Assets | 2,131.30 | 1,961.06 | 1,351.04 |
| Revenue | 23,111.35 | 19,519.43 | 15,920.11 |
| Profit | 450.63 | 59.84 | 142.41 |
| Net Worth | 875.00 | 251.42 | 191.58 |
| Reserves | 217.10 | 241.42 | 181.58 |
| Borrowing | 878.76 | 618.13 | 571.43 |
| Amount in ₹ Lakhs | |||
About Company
Dhariwalcorp Limited, incorporated in 2020, is a dynamic entity trading in a diverse array of waxes, industrial chemicals, and petroleum jelly. The company processes, purchases, sells, imports, and trades various wax types, including Paraffin Wax, Micro Wax, and Carnauba Wax, alongside industrial chemicals such as Rubber Process Oil, Light Liquid Paraffin, and Citric Acid Monohydrate. Serving industries like Plywood and Board, Pharmaceuticals, and Adhesive Manufacturing, Dhariwalcorp ensures quality products and timely delivery. Operating a processing unit and maintaining warehouses in Jodhpur, Bhiwandi, Ahmedabad, and Mundra, the company spans 21 states and 3 Union territories in India and exports to Nepal. With significant revenue growth, the company reported domestic sales of ₹226.30 Lakhs in FY 2024, driven by a dedicated team of 7 employees.
Strength
Wide Range of Products: Dhariwalcorp Limited offers a diverse array of waxes, industrial chemicals, and petroleum jelly, catering to various industries including pharmaceuticals, textiles, and food processing, ensuring comprehensive market coverage and customer satisfaction.
Location Advantages: With warehouses strategically located in Jodhpur, Bhiwandi, Ahmedabad, and Mundra, the company optimizes logistics, ensuring timely delivery and efficient supply chain management across 21 states and 3 Union territories in India, as well as exports to Nepal.
Experienced Promoter and Management Team: The company's growth and success are driven by an experienced promoter and a skilled management team, ensuring effective decision-making, operational excellence, and robust business strategies.
Weakness
Supplier Dependency: The lack of long-term agreements with suppliers means any increase in costs or shortages in product availability could negatively impact Dhariwalcorp's business and financial health.
Customer Concentration: A significant portion of revenue comes from major customers without long-term contracts. If these customers choose other suppliers, it could adversely affect the company's business and financial condition.
Credit Risk: Exposure to counterparty credit risk can lead to delays or non-receipt of payments, potentially impacting Dhariwalcorp's operational results.