58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Dhariwalcorp Limited IPO Analysis

Dhariwalcorp IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Jodhpur and caters to Chemical sector. Shreni Shares is the merchant banker of Dhariwalcorp IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 23rd May 2024.

Dhariwalcorp IPO posted revenues of Rs 231.11 crores and PAT of Rs 4.50 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Dhariwalcorp Limited IPO Financial Performance (Restated)

Financial results of Dhariwalcorp IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
FY24
FY23
FY22
Balance Sheet
Assets
21.31
19.61
13.51

Net Worth
8.75
2.51
1.92

Total Debt
8.79
6.18
5.71

Profit & Loss
Revenue
Revenue on annualised basis
231.11
231.11
195.19
159.20

EBITDA
EBITDA on annualised basis
6.69
6.69
1.58
2.38

PAT
PAT on annualised basis
4.51
4.51
0.60
1.42

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Dhariwalcorp Limited IPO Key performance Indicators (KPI)

Dhariwalcorp IPO PAT Margin is 1.95%, ROCE (Return on Capital Employed) is [●]% as per latest financial. The below table shows Dhariwalcorp IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
FY24
FY23
FY22

EBITDA Margin (%)
2.89
0.81
1.49

PAT Margin (%)
1.95
0.31
0.89

EPS (Rs.)
[●]
[●]
[●]

ROE (%)
51.54
23.90
73.96

ROCE (%)
[●]
[●]
[●]

ROA (%)
21.16
3.06
10.51

Debt to Equity (x)  
1.00
2.46
2.97

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Dhariwalcorp IPO Valuation Metrics

The market Capitalisation of Dhariwalcorp IPO is Rs 94.88 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
94.88

Enterprice Value (EV) (Rs. Cr.):
103.55

EV/EBITDA (times) :
15.48

PE Multiple (times) :
21.06

P/B (times) :
2.80

NAV (Rs.) :
13.34

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Dhariwalcorp Limited prospectus?

The Dhariwalcorp IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Dhariwalcorp Limited IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Dhariwalcorp IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Dhariwalcorp Limited IPO ?

The post-IPO market capitalisation of Dhariwalcorp IPO is ₹94.88 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Dhariwalcorp Limited IPO?

The Dhariwalcorp IPO has a Price-to-Earnings (PE) ratio of 21.06 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Dhariwalcorp IPO?

Dhariwalcorp IPO reported revenue of ₹231.11 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Dhariwalcorp IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Dhariwalcorp IPO?

Dhariwalcorp recorded an EBITDA of ₹ 6.69 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Dhariwalcorp IPO?

Dhariwalcorp Profit After Tax (PAT) is ₹4.51 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 231.11 Cr.
            EBITDA: ₹ 6.69 Cr.
            PAT: ₹ 4.51 Cr.
  • EBITDA Margin: 2.89 %
            Pat Margin: 1.95%
  • Net Worth: ₹ 8.75 Cr.
  • Market Capitalisation: ₹ 94.88 Cr.
  • P/E: 21.06 times
  • P/BV: 2.80 times
  • EV/EBITDA: 15.48 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Dhariwalcorp operates in Chemical and Range Of Waxes, Industrial Chemicals, And Petroleum Jelly.. The Issue is listed on NSE EMERGE in Aug, 2024. Dhariwalcorp IPO size was 25.15 with Issue price of 106.00 .

Dhariwalcorp IPO subscription was 174.95 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Dhariwalcorp IPO listed at a listing price of 142.50 against the offer price of 106.00.

The current market price of Dhariwalcorp is 104.95.

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