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Dhariwalcorp Limited IPO Debuts at 41.5% Premium on NSE SME

Dhariwalcorp Ltd debuted on the NSE SME exchange on August 8, listing at Rs 150, a 41.5% premium over the Rs 106 issue price
Dhariwalcorp Limited IPO Debuts at 41.5% Premium on NSE SME

Dhariwalcorp Ltd debuted strongly on the NSE SME exchange on August 8, listing at Rs 150, a 41.5% premium over its issue price of Rs 106. The IPO, open from August 1 to 5, raised Rs 25.15 crore by issuing 23.72 lakh shares.

The IPO was subscribed 174.95 times by the close of bidding. The retail category led with 183.89 times, the Qualified Institutional Buyer (QIB) category had 76.93 times, and the Non-Institutional Investor (NII) category saw 279.17 times subscriptions.

Dhariwalcorp Limited trades a wide array of waxes, industrial chemicals, and petroleum jelly, including Rubber Process Oil, Citric Acid Monohydrate, and Stearic Acid. Serving industries across India and exporting to Nepal, the company ensures timely delivery via one processing unit and multiple warehouses. Committed to quality, it sources globally and adheres to safety norms.

Dhariwalcorp Limited IPO aim is to raise capital for business expansion, enhance working capital, and support general corporate purposes, which may include debt repayment and funding new projects.

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