Dhariwalcorp IPO

Dhariwalcorp Ltd

₹1,22,400 /1200 sharesMinimum Investment

Dhariwalcorp IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
1 Aug ‘24 - 5 Aug ‘24₹1,22,4001,200₹102 - ₹106
Issue SizeIPO Doc
25.15Cr
RHP PDF

About Dhariwalcorp

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
Managing director
Mr. Manish Dhariwal
Parent organisation
Dhariwalcorp Ltd

Strengths & Financials of Dhariwalcorp

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.

Dhariwalcorp Financials

*All values are in Rs. Cr
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Application Details of Dhariwalcorp IPO

Apply asPrice bandApply Range
Regular102 - 106₹2 - 5 Lakh
High Networth Individual102 - 106₹2 - 5 Lakh
For Dhariwalcorp IPO, eligible investors can apply as Regular.