DRS Dilip Roadlines IPO (Agarwal Packers & Movers IPO)

DRS Dilip Roadlines IPODRS Dilip Roadlines IPO (Agarwal Packers & Movers IPO) Description - DRS Dilip Roadlines is engaged in the business of providing high quality logistics services including transportation, packing & moving and renting of warehouses. As on July 15, 2018, it operated and owned a fleet of 327 trucks in the own name and had capacity to hire 649 vehicles. The company’s packing and moving business is carried under brand name of ‘Agarwal Packers and Movers’ which has become renowned name in household relocation across the country.

For packing and moving services, the company owns composite container vehicle specially designed to suit the household shifting called ‘CHAPP VAN’ (Car, Households, Artifacts, Plants and Pets). This new-concept composite container vehicle supports transport of Car, Household, Artifacts, Plants and Pets all in one.

Promoters of DRS Dilip Roadlines – Mr. Dayanand Agarwal, Mr. Anjani Kumar Agarwal and Mr. Sanjay Agarwal
DRS Dilip Roadlines IPO details
Subscription Dates 27 - 30 November 2018
IPO Price band INR75 per share
Fresh issue 4,200,000 shares (INR31.50 crore)
Offer for sale Nil
Total IPO size 4,200,000 shares (INR31.50 crore)
Minimum bid (lot size) 1,600 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Repayment of Unsecured Loans - INR17.50 crore
  • Setting up additional Warehouse in the state of Telangana - INR5.00 crore
  • Acquiring Additional Branch for Expansion of business - INR1.50 crore
  • Part repayment of Cash Credit facilities - INR3 crore
  • Part repayment of Term Loans - INR3 crore
  • General Corporate Purposes - INR0.90 crore
  • Issue Expenses - INR0.60 crore
DRS Dilip Roadlines' financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018 Q1 FY2019
Total revenue 132.5 146.3 153.1 141.9 142.6 42.1
Total expenses 133.0 145.6 152.2 140.3 138.1 40.8
Profit after tax -0.42 0.44 0.50 1.08 3.45 1.39

Read Also: DRS Dilip Roadlines IPO Review: Should you invest?

DRS Dilip Roadlines' Contact Details

DRS Dilip Roadlines Limited
220 to 224, 2nd Floor
Kabra Complex, 61, M. G. Road
Secunderabad, Telangana – 500003

Phone: +91 40 27711276
Email: investors@drsindia.in
Website: www.drsindia.in

DRS Dilip Roadlines IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.36
Day 2 0.86
Day 3 0.96
Day 4 1.08
DRS Dilip Roadlines Valuation (For FY2018)

Earnings Per Share (EPS): INR3.18

Price/Earnings (P/E) ratio: 23.58

Return on Net Worth (RONW): 39.25%

Net Asset Value (NAV): INR8.10 per share

Registrar of DRS Dilip Roadlines IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 ipo@bigshareonline.com
Website: www.bigshareonline.com

DRS Dilip Roadlines IPO Allotment Status

DRS Dilip Roadlines IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of DRS Dilip Roadlines

IPO Opening Date: 27 November 2018

IPO Closing Date: 30 November 2018

Finalisation of Basis of Allotment: 5 December 2018

Initiation of refunds: 6 December 2018

Transfer of shares to demat accounts: 7 December 2018

Listing Date: 10 December 2018

Listing Price on NSE SME: INR75.15 per share (up 0.2% from IPO price)

Closing Price on NSE SME: INR75.15 per share (up 0.2% from IPO price)

DRS Dilip Roadlines IPO (Agarwal Packers & Movers IPO)
2.5 (50%) 4 votes

3 thoughts on “DRS Dilip Roadlines IPO (Agarwal Packers & Movers IPO)

  • November 20, 2018 at 7:32 AM
    Permalink

    This is not the original Agarwal. That’s a different company promoted by Ramesh Agarwal. And there is a dispute within the family about the use of Agarwal Packers and Movers brand. There is no exclusivity in the brand name as other family members are also allowed to do same business under this name.

    Reply
    • November 22, 2018 at 10:47 AM
      Permalink

      True there are so many Agarwals now and everyone claims to be original. Sad but almost everyone is pathetic in service. These guys charged me 50K for shifting my belongings from Gurgaon to Pune and so many items got damaged

      Reply
  • November 19, 2018 at 8:24 PM
    Permalink

    Profit shooting up all of a sudden… Im going to avoid this

    Reply

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