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Let’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 ValueRs 10
Price BandRs 51
Listing AtBSE, SME
Min. Order Quantity2000 Shares
Listing DateApr 12, 2022
Offer for SaleRs Lakhs
Fresh IssueRs 245 Lakhs
IPO SizeRs 245 Lakhs
Tick Size1

Dhyaani Tile IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Dhyaani Tile IPO – Summary

Dhyaani Tile IPOTheir 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 / DateNIIRIITotal Subscription
1st Day – 30th March0.72x0.27x0.50x
2nd Day –  31st March0.98x0.68x0.83x
3rd Day – 1st April0.98x0.82x0.90x
4th Day – 4th April1.96x2.36x2.16x
Shares Offered or Net Issue228,000228,000456,000

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 FinalizationApr 7, 2022
Refunds InitiationApr 8, 2022
Credit of Shares to Demat AccountApr 11, 2022
Share Listing DateApr 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-2131-Mar-2131-Mar-2031-Mar-19
    Total Assets1,808.19636.771,431.231,017.30
    Total Revenue1,041.301,511.33712.77935.64
    Total Expense1009.931,474.80722.57 922.45
    Profit After Tax24.3026.96(7.25)9.76

    Earnings per Equity Share (in Lakhs)

    30-Sep-2131-Mar-2131-Mar-2031-Mar-19
    Basic & Diluted48.6053.92(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:

    1. 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 MakersUp to 24,000 Equity Shares aggregating up to Rs.12.24 lakhs
    Net Issue to the PublicUp 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 InvestorsNot more than 2,28,000 Equity Shares
     Equity Shares outstanding prior to the Issue10,40,000 Equity Shares
     Equity Shares outstanding after the Issue15,20,000 Equity Shares

    Dhyaani Tile IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Funding the working capital requirements of the company
    2. 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 EPSRONW (%)NAV (Rs.)
    31-Mar-212.5978.9912.47
    31-Mar-20(0.70)(101.12)
    Mar-190.9467.68

    Dhyaani Tile IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in million)
    Dhyaani Tile Limited1063.4736.7778.9914.53
    Listed Peers
    Kajaria Ceramics Limited151.1219.3716.4828,022.00
    Somany Ceramics Limited248.4213.628.8016,632.40
    Orient Bell Limited1061.205.363.205,043.40

    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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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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