Dhariwalcorp IPO details: fundamentals and financials

Dhariwalcorp Limited, a player in the waxes, industrial chemicals, and petroleum jelly market, is set to make its debut on the stock market through an IPO. Let's delve into the details of the company and its IPO to understand its potential.

About Dhariwalcorp Limited

Incorporated in 2020, Dhariwalcorp has established a presence in the trading and processing of various waxes and industrial chemicals. The company caters to a wide range of industries, including plywood, paper, pharmaceuticals, and cosmetics. With warehouses strategically located across India, Dhariwalcorp aims to ensure efficient supply chain management.

Dhariwalcorp IPO fundamentals

Let us have a look at the Dhariwalcorp IPO investment details.

• Issue Type: Book Built Issue
• Issue Size: Rs 25.15 crore
• Fresh Issue: Entirely fresh issue of 23.72 lakh shares
• Offer Period: August 1, 2024 - August 5, 2024
• Expected Allotment: August 6, 2024
• Listing Venue: NSE SME (tentative listing date: August 8, 2024)
• Price Band: Rs 102 - Rs 106 per share
• Minimum Lot Size: 1200 Shares (Retail Investors: Rs 127,200 minimum investment)
• HNI Minimum Lot: 2 Lots (2400 shares) amounting to Rs 254,400

Dhariwalcorp IPO review: highlights

• Strong Growth: The company has exhibited impressive revenue and profit growth, especially in PAT.
• Diverse Product Range: Dhariwalcorp offers a wide range of waxes and industrial chemicals, catering to various industries.
• Geographical Reach: The company's warehouse network enhances its distribution capabilities.

Dhariwalcorp IPO review: considerations

• Commodity Price Fluctuations: The prices of waxes and other commodities can impact profitability.
• Competition: The chemicals and wax industry is competitive, with both domestic and international players.
• SME Listing: Listing on the NSE SME platform might impact liquidity.

Conclusion

Dhariwalcorp's strong financial performance and diverse product range are positive indicators. However, the company's relatively short operating history and the competitive nature of the industry warrant careful consideration. Investors should conduct thorough due diligence before making an investment decision.

Disclaimer: This blog is for informational purposes only and should not be considered investment advice. It's advisable to consult with a financial advisor before investing in any IPO.