Dhariwal corp Limited IPO
Dhariwal corp Limited IPO
IPO Date :
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The public market debut of Dhariwal corp Limited's was completed on 08-08-2024 with its listing on the NSE exchange. The IPO process raised 23,72,400 Shares in total capital, consisting of 23,72,400 Shares in new equity.
The offering featured a price range of ₹102 to ₹106 and minimum application size of 1200 shares. Investor response during the subscription period from 01-08-2024 to 05-08-2024 influenced the final allotment ratios across investor categories.
Final allotment was announced on 06-08-2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Dhariwal corp IPO About Company
Dhariwalcorp Limited, established in 2020, specializes in trading various waxes, industrial chemicals, and petroleum jelly. The company deals in Paraffin Wax, Micro Wax, Carnauba Wax, and chemicals like Rubber Process Oil and Citric Acid Monohydrate, serving industries such as plywood, pharmaceuticals, and adhesives. With processing units and warehouses in Jodhpur, Bhiwandi, Ahmedabad, and Mundra, it operates across 21 states, 3 Union Territories, and exports to Nepal. In FY 2024, the company reported domestic sales of ₹226.30 Lakhs, supported by a dedicated team of 7 employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Dhariwal corp IPO Strength Factors
Diverse Product Range: Dhariwalcorp Limited offers a variety of waxes, industrial chemicals, and petroleum jelly for industries like pharmaceuticals, textiles, and food processing, meeting a wide range of customer needs.
Strategic Locations: Warehouses in Jodhpur, Bhiwandi, Ahmedabad, and Mundra help streamline logistics, ensuring fast and efficient deliveries across 21 states, 3 Union territories, and exports to Nepal.
Experienced Leadership: A skilled management team and seasoned promoters drive the company’s growth with strong business strategies and operational excellence.
Dhariwal corp IPO Risk Factors
Supplier Uncertainty: Without long-term agreements, rising costs or supply shortages could impact business operations and financial stability.
Customer Dependence: A large part of revenue comes from key customers without long-term contracts—losing them could affect growth and stability.
Payment Risks: Delayed or unpaid invoices from customers could impact cash flow and overall business performance.
Dhariwal corp IPO Lead Manager(s)
- Shreni Shares Limited
Dhariwal corp IPO Promoter(s)
Mr. Manish Dhariwal
Ms. Shakshi Dhariwal
Mr. Dilip Dhariwal
Dhariwal corp IPO FAQs
Dhariwal corp Limited IPO subscribed 177.82 times. The public issue subscribed 189.14 times in the retail category,76.93times in QIB, and -- times in the HNI (10+) category byMarch 6, 2025 8:50:46 AM (Day 6).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Dhariwal corp IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Dhariwal corp IPO FAQs
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