IPO Issue Details
Issue Price / Price Band₹26 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size20,00,000 shares (aggregating up to ₹5.20 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 27 Sep 2018
Subscription CloseMon, 01 Oct 2018
Anchor AllotmentWed, 26 Sep 2018
Basis of AllotmentSun, 07 Oct 2018
Initiation of RefundsMon, 08 Oct 2018
Credit of Shares to DematMon, 08 Oct 2018
Listing DateWed, 10 Oct 2018
UPI Mandate Deadline2018-10-01
Application & Investment Details
Retail — Min (1 Lots)₹1,04,000 — 4,000 shares
Retail — Max (13 Lots)₹1,352,000 (13 Lots)
HNI — Min (2 Lots)₹2,08,000 — 8,000 shares
Net Offer to Public18,96,000 shares (aggregating up to ₹4.93 Cr)
Reserved for Market Maker1,04,000 shares (aggregating up to ₹0.2704 Cr)
Pre-IPO Promoter Holding55,22,496 shares
Post-IPO Promoter Holding75,22,496 shares
About Dolfin Rubbers Ltd.
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 India3. Wide product portfolio to cater to a large customer base
Objects of the Issue
Dolfin Rubbers Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet Working Capital requirements
3.67
2
2 General Corporate Purpose
1.00
Shareholding & Lock-in
Pre-IPO Promoter Holding
55,22,496 shares
Post-IPO Promoter Holding
75,22,496 shares