Dhyaani Tile IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Dhyaani Tile IPO release date, IPO offer price, subscription, Dhyaani Tile Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 51 |
| Listing At | BSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Apr 12, 2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 245 Lakhs |
| IPO Size | Rs 245 Lakhs |
| Tick Size | 1 |
Dhyaani Tile IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Dhyaani Tile IPO – Summary
Their Company was incorporated as “Dhyani Enterprise Private Limited” under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated October 9, 2014 bearing Registration No. 081004 issued by the Registrar of Companies, Ahmedabad, Gujarat. Further, name of their company was changed to “Dhyaani Tile and Marblez Private Limited” vide special resolution dated October 14, 2021.
A fresh certificate of incorporation consequent to change of name was issued to their Company by the Registrar of Companies, Ahmedabad on October 18, 2021. Further their Company was converted into a Public Limited Company and the name of their Company was changed to “Dhyaani Tile and Marblez Limited” vide special resolution dated October 22, 2021.
Dhyaani Tile IPO Date
The opening and the closing date of Dhyaani Tile IPO are Mar 30, 2022 and Apr 4, 2022 Respectively.
Dhyaani Tile IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 30th March | 0.72x | 0.27x | 0.50x |
| 2nd Day – 31st March | 0.98x | 0.68x | 0.83x |
| 3rd Day – 1st April | 0.98x | 0.82x | 0.90x |
| 4th Day – 4th April | 1.96x | 2.36x | 2.16x |
| Shares Offered or Net Issue | 228,000 | 228,000 | 456,000 |
The shares subscribed by the public will be updated here.
Check Dhyaani Tile IPO LIVE Subscription
- Dhyaani Tile IPO LIVE Bid details on BSE
- Dhyaani Tile IPO LIVE Bid details on SME
For the Latest Bid details click on the above links.
Dhyaani Tile IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Dhyaani Tile Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Apr 7, 2022 |
| Refunds Initiation | Apr 8, 2022 |
| Credit of Shares to Demat Account | Apr 11, 2022 |
| Share Listing Date | Apr 12, 2022 |
Dhyaani Tile IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.51
Dhyaani Tile IPO Equity Size
This Initial Public Issue of 480,000 Equity Shares of Rs.10 each for cash at a price of Rs.51 per equity share aggregating to Rs.245 Lakhs.
Dhyaani Tile IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 480,000 Equity Shares of Rs.10/ each.
Issue Size: 480,000 Equity Shares of Rs.10 each, aggregating to Rs.245 Lakhs
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Dhyaani Tile IPO – Live Performance
The listing date of this IPO is Apr 12, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Dhyaani Tile Share Price |
Dhyaani Tile IPO Grey Market Premium
The Dhyaani Tile Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Dhyaani Tile IPO – Company Overview
Their Company is promoted by Mr. Chintan Nayan Bhai Rajyaguru. He associated with the Company in 2020 and at present look after the overall management, day to day affairs and is the guiding force behind the strategic decisions of their Company. His industry knowledge and understanding of the current market situation enables them to improve their geographic horizon and market presence.
They believe that they shall be able to create a market position by adhering to the vision of their Promoter and senior management and their experience. Their Company is engaged in the business of trading of vitrified tiles used primarily for flooring solutions. They commenced this business in year 2019, upon takeover of the business from the earlier promoters. Earlier to this the company was engaged in the business of trading of agro commodities
Dhyaani Tile IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | ||||
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 1,808.19 | 636.77 | 1,431.23 | 1,017.30 |
| Total Revenue | 1,041.30 | 1,511.33 | 712.77 | 935.64 |
| Total Expense | 1009.93 | 1,474.80 | 722.57 | 922.45 |
| Profit After Tax | 24.30 | 26.96 | (7.25) | 9.76 |
Earnings per Equity Share (in Lakhs)
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 48.60 | 53.92 | (14.50) | 19.52 |
Further, their PAT for the period ended on Sept 30, 2021, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs.24.30 Lakhs, Rs.26.96 Lakhs, Rs.(7.25) Lakhs and Rs.9.76 Lakhs respectively.
Dhyaani Tile IPO – Promoters
The Promoter of this company is:
- MR. CHINTAN NAYAN BHAI RAJYAGURU
List of Related Parties (Key Managerial Personnel)
- Mr. Chintan Nayan Bhai Rajyaguru, Managing Director
- Mr. Nayankumar Labhshankar Rajyaguru, Executive Director
- Mrs. Ilaben Nayanbhai Rajyaguru, Non-Executive Director
- Mr. Paras Jivarajbhai Viramgama, Additoinal Non-Executive Independent Director
- Mr. Vishal Kantibhai Sondagar, Additional Non-Executive Independent Director
Dhyaani Tile IPO – Promoters Holding
- Pre Issue Share Holding – 96.92%
- Pos Issue Share Holding – 66.32%
Dhyaani Tile IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 4,80,000 Equity Shares aggregating up to Rs.244.80 lakhs |
| of which: | |
| Issue Reserved for the Market Makers | Up to 24,000 Equity Shares aggregating up to Rs.12.24 lakhs |
| Net Issue to the Public | Up to 4,56,000 Equity Shares aggregating up to Rs.232.56 lakhs |
| Of which: | |
| Retail Investors Portion | Not less than 2,28,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 2,28,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 10,40,000 Equity Shares |
| Equity Shares outstanding after the Issue | 15,20,000 Equity Shares |
Dhyaani Tile IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding the working capital requirements of the company
- General Corporate Purposes
Dhyaani Tile IPO – Business Strategy
- Enhancing their customer base
- Improving functional efficiencies
- To increase brand visibility
Dhyaani Tile IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and Management Expertise
- Quality Customer Base
- Quality and focus on customer satisfaction
- Satisfactory track record
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 2.59 | 78.99 | 12.47 |
| 31-Mar-20 | (0.70) | (101.12) | |
| Mar-19 | 0.94 | 67.68 |
Dhyaani Tile IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in million) | |
| Dhyaani Tile Limited | 10 | 63.47 | 36.77 | 78.99 | 14.53 |
| Listed Peers | |||||
| Kajaria Ceramics Limited | 1 | 51.12 | 19.37 | 16.48 | 28,022.00 |
| Somany Ceramics Limited | 2 | 48.42 | 13.62 | 8.80 | 16,632.40 |
| Orient Bell Limited | 10 | 61.20 | 5.36 | 3.20 | 5,043.40 |
Dhyaani Tile IPO Lead Managers
| Lead Managers |
| GYR CAPITAL ADVISORS PRIVATE LIMITED 428, Gala Empire, Near T.B. Tower Drive In Road, Thaltej, Ahmedabad – 380054, Gujarat, India Tel No.: +91 8200931018 Fax No.: N.A. Email:info@gyrcapitaladvisors.com Website:www.gycapitaladvisors.com Investor Grievance Email:info@gyrcapitaladvisors.com Contact Person:Ikshit Shah SEBI Registration No.: INM000012810 |
Dhyaani Tile IPO Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES LIMITED (Formerly known as KFin Technologies Private Limited) Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana Contact Person : M Murali Krishna Tel: +91 40 6716 2222 Fax: +91 40 2343 1551 Email: dhyaani.ipo@kfintech.com Investor grievance e-mail: einward.ris@kfintech.com Website: www.kfintech.com SEBI Registration No. : INR000000221 |
Dhyaani Tile IPO – Other Details
- Statutory Auditor – M/s J. Singh & Associates, Chartered Accountants
- Legal Counsel to the Company – T&S LAW
- Bankers to the Company – HDFC Bank Limited
Dhyaani Tile IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Dhyaani Tile Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Dhyaani Tile IPO Review FAQs
Ques – What is the Issue Size of Dhyaani Tile IPO?
Answer – The Company is making an initial public offer of 4,80,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band of Dhyaani Tile IPO?
Answer – The price band for this particular IPO ranges between Rs.51. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Dhyaani Tile IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 30, 2022, while the closing date is set at Apr 4, 2022.
Ques – What is the Dhyaani Tile IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Apr 7, 2022, refund initiation is on Apr 8, 2022, credit of shares is on Apr 11, 2022, and share listing date is on Apr 12, 2022.
Ques – What is the Dhyaani Tile IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges Apr 12, 2022.. The date, when the listing would be done, is stagnant on Apr 12, 2022.
Ques – Who is the Registrar of Dhyaani Tile IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Dhyaani Tile IPO?
Answer – Here are the promoters of this IPO – MR. CHINTAN NAYAN BHAI RAJYAGURU. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Dhyaani Tile IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Dhyaani Tile IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Dhyaani Tile Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is 26.96, 2020 is (7.25), 2019 is 9.76. PAT from Sep 2021 is 24.30.
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