31 Mar 2022
Assets13.51
Total Income159.20
Profit After Tax1.42
NET Worth1.92
Reserves and Surplus1.82
Total Borrowing5.71
At a glance
Updated 2026-09-13The shares listed at ₹150.00, a 41.51% move from the issue price. Dhariwalcorp is a SME IPO with an issue size of ₹25.15 crore, proposed for listing on NSE SME. The offer opens on 1st Aug 2024 and closes on 5th Aug 2024. The issue structure includes a fresh issue of ₹23.84 crore. The current listing schedule points to 8th Aug 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹25.15 Cr
Fresh issue₹23.84 Cr
Face value₹10
Price band₹102.00–₹106.00
Allotment6th Aug 2024
Listing8th Aug 2024
Listing performance
Full performance ↗Issue price₹106.00
Listing price₹150.00
Current price—
Listing gain41.51%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹36.00
GMP / upper price33.96%
Est. listing₹142.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens1st Aug 2024
Closes5th Aug 2024
Allotment6th Aug 2024
Refund7th Aug 2024
Demat7th Aug 2024
Listing8th Aug 2024
Subscription demand
Full bidding ↗Total174.95×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | ₹127,200 |
Company
Incorporated2020
Use of proceeds
| Object | Amount |
|---|---|
| Funding Capital Expenditure towards construction of Warehouse | ₹8.10 Cr |
| Funding working capital requirements of our company | ₹8.00 Cr |
| General corporate purposes | ₹6.14 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue231.11₹ Cr · +18.4% vs prior year
PAT4.51₹ Cr · +651.7% vs prior year
Assets21.31₹ Cr · +8.7% vs prior year
Net Worth8.75₹ Cr · +248.6% vs prior year
Borrowing8.79₹ Cr · +42.2% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets19.61
Total Income195.19
Profit After Tax0.60
NET Worth2.51
Reserves and Surplus2.41
Total Borrowing6.18
31 Mar 2024
Assets21.31
Total Income231.11
Profit After Tax4.51
NET Worth8.75
Reserves and Surplus2.17
Total Borrowing8.79
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 51.50% |
| ROCE | 59.80% |
| Debt / Equity | 1.00% |
| RoNW | 51.50% |
| PAT Margin | 1.97% |
| Price to Book Value | 7.95 |
Valuation & shareholding
Pre-IPO EPS6.85
Post-IPO EPS5.03
Pre-IPO P/E15.48
Post-IPO P/E21.06
Promoter holding pre99.99%
Promoter holding post73.5%
Market cap₹94.88 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Dhariwalcorp IPO | — | 21.06 x | — | — |
| Shanti Inorganic IPO | — | 16.63 x | — | — |
| Devson Catalyst IPO | — | 12.81 x | — | — |
| Biopol Chemicals IPO | — | 14.58 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manager Fees including underwriting commission | ₹1.12 Cr |
| Brokerage, selling, commission and upload fees | ₹0.01 Cr |
| Registrar to the Issue | ₹0.02 Cr |
| Legal Advisors | ₹0.02 Cr |
| Advertising and Marketing expense | ₹0.03 Cr |
| Regulators including stock exchanges | ₹0.04 Cr |
| Printing and distribution of offer stationery | ₹0.01 Cr |
| Others, if any (market making, depositories, marketing fees, secretarial, peer review etc.) | ₹1.66 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Shreni Shares Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
IPO UPDATE ALERTS
Register for IPO Updates →Track Dhariwalcorp without missing an update
Register for subscription, GMP, allotment and listing notifications.