Dhruv Wellness Ltd IPO is about to debut on 31 August 2017, with an issue size of 5.57CR. Dhruv Wellness Ltd was established in 2015 and is primarily involved in the wholesale and distribution of a broad range of general, pharmaceutical, and cosmetic products. Additionally, the company serves as a stockist for medical, general cosmetics, and pharmaceutical items. Their clients include retailers, wholesalers, and others.
The company has collaborated with various reputable cosmetic and pharma distributors, each providing a unique line of products to Dhruv Wellness Ltd. Their product range encompasses small sachets of toiletries, as well as pharmaceutical products that are household staples. These products are distributed among an extensive network of retailers spanning from Jogeshwari to Dhanu in Mumbai. Dhruv Wellness Ltd has established a comprehensive partnership with general and medical stores in Mumbai’s suburban areas.
Industry Overview
According to the Index of Industrial Production (IIP), which encompasses mining, manufacturing, and electricity, the industrial sectors exhibited a moderate growth rate of 0.4% during April-November 2016-17, in contrast to 3.8% during the same period in 2015-16. Manufacturing production decreased by 0.3% during April-November 2016-17, while the electricity and mining sectors grew by 5.0% and 0.3%, respectively. Among the use-based categories, basic goods, intermediate goods, and consumer durable goods showed positive growth, while capital goods and consumer non-durable goods sectors witnessed a contraction from April-November 2016-17.
The eight core infrastructure-supportive industries, which include coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity and have a total weight of nearly 38% in the IIP, registered a cumulative growth rate of 4.9% during April-November 2016-17 compared to 2.5% during April-November 2015-16. Refinery products, fertilizers, steel, electricity, and cement production increased significantly, while crude oil and natural gas production decreased during April-November 2016-17. Coal production experienced lower growth during the same period.
Dhruv Wellness IPO Details
| IPO Date | Aug 31, 2017 to Sep 4, 2017 |
| Listing Date | Sep 12, 2017 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,784,000 shares(aggregating up to ₹5.57 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Company Financials
| FY2016 | FY2017 | |||||
| Total revenue | 22.72 | 101.94 | ||||
| Total expenses | 22.43 | 101.34 | ||||
| Profit after tax | 0.20 | 0.40 |
Objects of the Issue
The objects of the Issue are:
1. Working capital requirement;
2. General Corporate Purpose;
3. Meeting Public Issue Expenses.
Dhruv Wellness IPO Prospectus
Company Contact Information
Dhruv Wellness Ltd
Chawl No -1, Rn 2,
Amba Mata Mandir Comp, Near Italiya Comp,
Veetbhatti, Goregaon (E), Mumbai – 400063
Phone: 022-28711486
Email: pravinprajapati_dhru@yahoo.in
Website: http://www.dhruvwellness.com
Dhruv Wellness IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: http://www.purvashare.com
Dhruv Wellness IPO Lead Manager(s)
- Gretex Corporate Services Pvt Ltd (Past IPO Performance)
