IPO Issue Details
Issue Price / Price Band₹20 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size27,84,000 shares (aggregating up to ₹5.57 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 31 Aug 2017
Subscription CloseMon, 04 Sep 2017
Anchor AllotmentWed, 30 Aug 2017
Basis of AllotmentSun, 10 Sep 2017
Initiation of RefundsMon, 11 Sep 2017
Credit of Shares to DematMon, 11 Sep 2017
Listing DateTue, 12 Sep 2017
UPI Mandate Deadline2017-09-04
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 6,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 12,000 shares
Net Offer to Public26,40,000 shares (aggregating up to ₹5.28 Cr)
Reserved for Market Maker1,44,000 shares (aggregating up to ₹0.2880 Cr)
Pre-IPO Promoter Holding77,55,850 shares
Post-IPO Promoter Holding1,05,39,850 shares
About Dhruv Wellness Ltd.
Incorporated in 2015, Dhruv Wellness Ltd is engaged in the business of wholeselling and distributorship of general, pharmaceutical and cosmetic products. They also functions as a stockist of medical, general cosmetics and pharmaceutical products. The company serves retailers, wholesalers and other clients.They have worked with many renowned distributors in cosmetic and pharma sectors and all of which supply different line of products to the Company. The product ranges from small sachets of shampoos and other toiletries to pharmaceutical products that become a part of every household. Their products are distributed among an extensive chain of retailers across the area starting from Jogeshwari to Dhanu in Mumbai. They have constituted a widespread tie-up with general and medical stores in Mumbai's suburban areas.
Objects of the Issue
Dhruv Wellness Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Working Capital Requirement
3.85
2
General Corporate Purpose
1.10
3
Public Issue Expenses
0.62
Shareholding & Lock-in
Pre-IPO Promoter Holding
77,55,850 shares
Post-IPO Promoter Holding
1,05,39,850 shares