Dhariwalcorp IPO allotment expected today: Here’s how to check status on NSE, Bigshare Services website

The initial public offering (IPO) of Dhariwalcorp Limited, a trader of waxes, industrial chemicals and petroleum jelly, closed for bidding on August 5. The NSE SME IPO was booked over 177 times on the final day of bidding.

After the end of the subscription period, the investors are awaiting the company's finalisation of the share allotment status. Dhariwalcorp IPO share allotment status is likely to be decided on August 6.

Investors can check the share allocation details on the websites of the NSE and the IPO registrar Bigshare Services Private Limited.

Steps to check Dhariwalcorp IPO share allotment status on the Bigshare Services website

• Go to the IPO registrar’s website at https://ipo.bigshareonline.com/IPO_Status.html.
• In the dropdown menu, select ‘Dhariwalcorp Limited’ under the ‘select company’ option.
• Choose your preferred identification method (PAN, Application Number, DP/Client ID, or Account Number/IFSC).
• Enter the relevant details based on your selection.
• Click the ‘Submit’ button.

Once submitted, the status of your IPO allotment for Dhariwalcorp Limited will be displayed on the screen. However, it’s important to note that the IPO allotment details will only appear on screen after the company finalises the share allocation.

Steps to check IPO allotment status on the NSE website:

• Go to the NSE IPO allotment status page at https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.
• Log in using your username and password.
• From the list, choose ‘Dhariwalcorp Limited.’
• Confirm your PAN details.
• Enter your IPO application number.
• Click on the 'Submit' button.

Dhariwalcorp Limited IPO details

Dhariwalcorp Limited IPO saw strong interest among investors as the public issue was booked 177.82 times on the final day of bidding. The IPO received bids for 28.25 crore shares compared to 15.88 lakh shares on offer. The Non-Institutional Investors (NIIs) led the demand, subscribing their portion 280.24 times. The Qualified Institutional Buyers’ (QIBs) portion was booked 76.93 times.

The Dhariwalcorp Limited IPO, valued at ₹25.15 crore, comprises a fresh issue of 23.72 lakh shares. The price band for the IPO was set between ₹102 and ₹106 per share. Retail investors were allowed to apply for a minimum of one lot consisting of 1,200 shares, requiring an investment of ₹1,27,200. Similarly, High Net-Worth Individuals (HNIs) had to apply for a minimum of two lots, or 2,400 shares, aggregating to an investment of ₹2,54,400.

The Dhariwalcorp Limited IPO was available for subscription from August 1 to August 5. Allotments will be finalised on August 6, with shares credited to successful applicants’ Demat accounts and refunds issued to unsuccessful bidders on August 7. The IPO is tentatively scheduled to get listed on the NSE SME platform on August 8.

Dhariwalcorp Limited IPO objective

Dhariwalcorp Limited aims to use the proceeds from the IPO for a few key purposes, which include financing the construction of a new warehouse, meeting the company’s working capital needs and covering general corporate expenses.

About Dhariwalcorp Limited

Dhariwalcorp Limited specialises in petroleum jelly, industrial chemicals and a variety of waxes. The company processes, buys, sells, imports and trades in different kinds of wax. In addition to wax products, Dhariwalcorp Limited also deals in petroleum jelly in various forms.