IPO Issue Details
Issue Price / Price Band₹54 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size42,96,000 shares (aggregating up to ₹23.20 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 27 Apr 2018
Subscription CloseWed, 02 May 2018
Anchor AllotmentThu, 26 Apr 2018
Basis of AllotmentTue, 08 May 2018
Initiation of RefundsWed, 09 May 2018
Credit of Shares to DematWed, 09 May 2018
Listing DateThu, 10 May 2018
UPI Mandate Deadline2018-05-02
Application & Investment Details
Retail — Min (1 Lots)₹1,08,000 — 2,000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (2 Lots)₹2,16,000 — 4,000 shares
Net Offer to Public40,72,000 shares (aggregating up to ₹21.99 Cr)
Reserved for Market Maker2,24,000 shares (aggregating up to ₹1.21 Cr)
Pre-IPO Promoter Holding1,00,00,000 shares
Post-IPO Promoter Holding1,42,96,000 shares
About Dhruv Consultancy Services Ltd.
Incorporated in 2003, Mumbai based Dhruv Consultancy Services Limited is engaged in the business of infrastructure consultancy providing design, engineering, procurement, construction and integrated project management services for Highways, Bridges, Tunnels, Architectural, Environmental Engineering, and Ports.The services of the company include Preparation of DPR and feasibility studies for infrastructure projects, Operations & Maintenance Works, Project Management Consultancy Services, Independent Consultancy, Project Planning, Designing, Estimation, Traffic and Transportation Engineering, Financial Analysis, Technical audits, Structural Audit, Inspection of bridges and Techno-Legal Services.Dhruv's clientele include Ministry of Road Transport and Highways, National Highways Authority of India, The City and Industrial Development Corporation of Maharashtra Ltd., Jawaharlal Nehru Port Trust, Maharashtra State Road Development Corporation, Mumbai Metropolitan Region Development Authority, Public Works Department, Maharashtra Tourism etcAs on December 31, 2017, the company had over 313 employees on its payroll.
Objects of the Issue
Dhruv Consultancy Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment/ prepayment of certain indebtedness.
5.00
2
2 To Meet Working Capital requirements.
11.40
3
3 General Corporate Expenses.
4.81
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,00,00,000 shares
Post-IPO Promoter Holding
1,42,96,000 shares