Dhariwalcorp Ltd

Dhariwalcorp IPO

Dhariwalcorp Ltd

₹1,22,400 /1200 sharesMinimum investment

IPO details

Minimum investment
₹1,22,400
Price range
₹102 - ₹106
Lot size
1,200
Issue size
25.15 Cr
Face value
10
IPO document

Subscription rate

Data will be available soon

Schedule

1 Aug 2024
IPO open date
5 Aug 2024
IPO close date
6 Aug 2024
Allotment date
6 Aug 2024
Funds unblock or debit
8 Aug 2024
Tentative listing date

About

Dhariwal Corp is in the business of trading and related activities in a range of waxes, industrial chemicals, and petroleum jelly. In the wax segment, it is involved in the procurement, sale, import, and trade of paraffin wax, micro wax, slack wax, carnauba wax, microcrystalline waxes, and others, catering to various industrial needs. Dhariwal Corp trades in industrial chemicals such as rubber process oil, light liquid paraffin, citric acid monohydrate, refined glycerin, and others, besides different forms of petroleum jelly. The company’s product portfolio covers both heavy and light chemicals, including chemical elements, compounds, petrochemicals, mixtures, derivatives, and related by-products. Serving sectors such as plywood and board, paper coating, crayon manufacturing, candle production, textiles, pharmaceuticals, and more, Dhariwal Corp has a pan India presence. It has processing units and warehouses located in Jodhpur, Rajasthan; Bhiwandi, Maharashtra; Ahmedabad, Gujarat; and Mundra, Gujarat;
Founded in
2020
MD/CEO
Mr. Manish Dhariwal
Parent organisation
Dhariwalcorp Ltd

Dhariwalcorp Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
159194229202220232024

Strengths & Risks

Strengths
Risks
Dhariwal Corp serves 21 states and three Union territories across India.
Dhariwal Corp has a product portfolio consisting of waxes, industrial chemicals, and petroleum jelly that cater to a variety of industries.
Dhariwal Corp has registered a consistent increase in revenue from operations, which rose from Rs 158.58 crore in FY22 to Rs 193.93 crore in FY23 and further to Rs 228.80 crore in FY24.
For the years ending March 31 in FY24, FY23, and FY22, the company’s top 10 customers accounted for 34.81%, 34.74%, and 32.23% of the total revenue from operations, respectively. Any loss of or slowdown in business from these key customers could significantly impact the company's performance.
The company is currently facing various outstanding litigations. Any negative outcome in any of these cases could harm the company’s business operations.
As of March 31, 2024, the company had a total indebtedness of about Rs 8.79 crore. Any inability to service or repay these debts could adversely affect the company’s operations.
The company has witnessed negative cash flows in the past. Any repeat of the same could hurt its future business prospects.

Application details

For Dhariwalcorp IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹102 - ₹106₹2 - ₹5 Lakhs1200
High Networth Individual₹102 - ₹106₹2 - ₹5 Lakhs1200

Frequently Asked Questions