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Agarwal Packers and Movers IPO is a fixed price issue of Rs 31.50 crores.
Agarwal Packers and Movers IPO bidding started from November 27, 2018 and ended on November 30, 2018. The shares got listed on NSE SME on December 10, 2018.
Agarwal Packers and Movers IPO price is ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Aryaman Financial Services Limited is the book running lead manager of the Agarwal Packers and Movers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Agarwal Packers and Movers IPO RHP for detailed information.
| IPO Date | November 27, 2018 to November 30, 2018 |
| Listing Date | December 10, 2018 |
| Face Value | ₹10 per share |
| Price | ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,200,000 shares (aggregating up to ₹31.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,862,403 |
| Share holding post issue | 15,062,403 |
| Market Maker portion | 225,600 shares |
Agarwal Packers and Movers IPO offers 4,200,000 shares. 1,987,200 (47.31%) to NII, 1,987,200 (47.31%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 225,600 (5.37%) |
| Other Shares Offered | 1,987,200 (47.31%) |
| Retail Shares Offered | 1,987,200 (47.31%) |
| Total Shares Offered | 4,200,000 (100%) |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| Lot Size Calculator | |||
Incorporated in 2009, Hyderabad based DRS Dilip Roadlines Limited is a company engaged in the business of logistics services. It offers transportation, packing & moving and warehousing services.
The company carries its packing and moving business under the brand name of 'Agarwal Packers and Movers'. It is a popular name in household relocation across the country.
DRS provides goods transportation services. It operates and owns a fleet of 301 trucks in the name of the Company, have 199 vehicles from the group and can hire 450 vehicles.
The Company owns a composite container vehicle called 'CHAPP VAN' (Car, Households, Artifacts, Plants and Pets). This new-concept composite container vehicle can carry Car, Household, Artifacts, Plants and Pets all at once. The CHAPP VAN has been recognized by Limca Books of Records.
DRS has some of the major corporates in its client list including MRF Limited, CEAT Limited, Mahindra &
Mahindra Limited, PPG Asian Paints, Micro Labs Limited, Cactus Profiles Private Limited and Amitasha Enterprises Private Limited.
Competitive Strengths of the Company-
1. Established brand name in household relocation
2. Pan India presence
3. Owns a large fleet of vehicles
4. Strong financial performance in the last 3-4 years
5. Strong customer base with some of the biggest names in the client list.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 8,299.32 | 7,814.93 | 5,299.06 | 4,986.01 | 4,498.53 | |
| Total Revenue | 14,261.71 | 14,190.82 | 15,308.40 | 14,634.30 | 13,249.54 | |
| Profit After Tax | 345.39 | 108.18 | 50.00 | 44.10 | (41.16) | |
The objects of the Issue are-
1. Repayment of Unsecured Loans;
2. Setting up Additional Warehouse and Acquiring Additional Branches for Expansion of business
3. Part repayment of Cash Credit and Term Loans
4. General Corporate Purposes
[Dilip Davda]
Company is collecting fancy premium for repayment of loans from promoters. Based on its financial data, issue is fully priced. Brand name used by the company is used by entire family and family groups; any dispute going forward in this regard is a major concern. Considering all these aspects, risk savvy cash surplus investors may consider investment at their own risks.
Read detail review...The Agarwal Packers and Movers IPO is subscribed 1.14 times on November 30, 2018 6:00:00 PM. The public issue subscribed 0.26 times in the retail category, times in the QIB category, and 2.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.03 |
| Retail | 0.26 |
| Total | 1.14 |
| Listing Date | December 10, 2018 |
| BSE Script Code | |
| NSE Symbol | DRSDILIP |
| ISIN | INE02CV01017 |
| Final Issue Price | ₹75 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹75.00 |
| ₹75.15 |
| ₹75.10 |
| ₹75.45 |
| ₹75.15 |
DRS Dilip Roadlines Limited
306, 3rd Floor,
Kabra Complex, 61, M G Road,
Secunderabad, Telangana - 500003
Phone: +91- 40- 39818800
Email: info@drsindia.in
Website: http://www.drsindia.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Agarwal Packers and Movers IPO is a SME IPO of 4,200,000 equity shares of the face value of ₹10 aggregating up to ₹31.50 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600 Shares.
The IPO opens on November 27, 2018, and closes on November 30, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Agarwal Packers and Movers IPO opens on November 27, 2018 and closes on November 30, 2018.
Agarwal Packers and Movers IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.
You can apply in Agarwal Packers and Movers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Agarwal Packers and Movers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Agarwal Packers and Movers IPO allotment status.
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