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Dolfin Rubbers IPO is a fixed price issue of Rs 5.20 crores.
Dolfin Rubbers IPO bidding started from September 27, 2018 and ended on October 1, 2018. The shares got listed on BSE SME on October 10, 2018.
Dolfin Rubbers IPO price is ₹26 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹104,000.
Oneview Corporate Advisors Pvt. Ltd. is the book running lead manager of the Dolfin Rubbers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Dolfin Rubbers IPO RHP for detailed information.
| IPO Date | September 27, 2018 to October 1, 2018 |
| Listing Date | October 10, 2018 |
| Face Value | ₹10 per share |
| Price | ₹26 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,000,000 shares (aggregating up to ₹5.20 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,522,496 |
| Share holding post issue | 7,522,496 |
| Market Maker portion | 104,000 shares |
Dolfin Rubbers IPO offers 2,000,000 shares. 948,000 (47.40%) to NII, 948,000 (47.40%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 104,000 (5.20%) |
| Other Shares Offered | 948,000 (47.40%) |
| Retail Shares Offered | 948,000 (47.40%) |
| Total Shares Offered | 2,000,000 (100%) |
Investors can bid for a minimum of 4000 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 | 4000 | ₹104,000 |
| Retail (Max) | 1 | 4000 | ₹104,000 |
| Lot Size Calculator | |||
Incorporated in 1995, Ludhiana based Dolfin Rubbers Limited is a company engaged in the business of manufacturing Auto and Animal Driven Vehicle (ADV) tubes.
The company manufactures a range of rubber tubes, for various types of vehicles including Mopeds, Scooters, Motorcycles, Cars, Jeeps, Buses, Trucks and Tractors etc.
It sells auto tubes under the 'Dolfin' Brand. The Brand accounts for one of the highest shares of Auto and ADV tubes in Butyl rubber in replacement market in the country.
The company's manufacturing facility is located at Ludhiana.
It has an established distribution network spread across 27 states and union territories in India.
The company has 284 employees on its payroll.
Competitive Strengths-
1. An established brand 'Dolfin'
2. Robust distribution network across India
3. Wide product portfolio to cater to a large customer base
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Jan-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 1,814.92 | 1,651.05 | 1,261.86 | 1,298.04 | 1,588.87 | 1,402.92 |
| Total Revenue | 4,220.09 | 4,308.65 | 4,092.37 | 3,255.34 | 2,856.57 | 2,503.22 |
| Profit After Tax | 102.91 | 69.56 | 52.81 | 67.33 | 56.83 | 50.01 |
The objects of the Issue are-
1. To meet working capital requirements- Rs 367 lakhs
2. General Corporate Purposes- Rs 100 lakhs
3. To meet the Issue Expenses- Rs 53 lakhs
[Dilip Davda]
DRL has shown consistent growth in top line. Growing demand for tubeless tyres causes concern. Considering fully priced issue, investors may consider investment for long term.
Read detail review...The Dolfin Rubbers IPO is subscribed 1.25 times on October 1, 2018 6:50:02 PM. The public issue subscribed 0.68 times in the retail category, times in the QIB category, and 1.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.82 |
| Retail | 0.68 |
| Total | 1.25 |
| Listing Date | October 10, 2018 |
| BSE Script Code | 542013 |
| NSE Symbol | |
| ISIN | INE666Y01010 |
| Final Issue Price | ₹26 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹26.00 |
| ₹27.50 |
| ₹27.00 |
| ₹27.60 |
| ₹27.05 |
Dolfin Rubbers Limited
79/1, Block-H
Sarabha Nagar,
Ludhiana Punjab 141002
Phone: 0161-5031030, 2456880
Email: dolfintube@gmail.com
Website: http://www.dolfin.co.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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Dolfin Rubbers IPO is a SME IPO of 2,000,000 equity shares of the face value of ₹10 aggregating up to ₹5.20 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000 Shares.
The IPO opens on September 27, 2018, and closes on October 1, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Dolfin Rubbers IPO opens on September 27, 2018 and closes on October 1, 2018.
Dolfin Rubbers IPO lot size is 4000 Shares, and the minimum amount required is ₹104,000.
You can apply in Dolfin Rubbers 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 Dolfin Rubbers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Dolfin Rubbers IPO allotment status.
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