DRS Dilip Roadlines IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 16, 2022DRS Dilip Roadlines Limited being engaged in batteries industry which is largely dominated by unorganized sector competing on pricing, supplying qualitative products is of utmost importance in the industry and the company strives to ensure that it adheres to quality standards. DRS Dilip Roadlines IPO comprises of 41,18,000 Equity shares, face value of Rs.10 each.
Let’s have a detailed review of the company and analytics of the DRS Dilip Roadlines IPO release date, IPO offer price, subscription, DRS Dilip Roadlines IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
- Issue Price of this IPO is Rs 75. Check the Live Share Price here DRS Dilip Roadlines Share Price
- To track the performance of this IPO, click on this link – IPO Performance
DRS Dilip Roadlines IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of DRS Dilip Roadlines Limited IPO
DRS Dilip Roadlines Limited is engaged in the business of providing high quality logistics services including transportation, packing & moving and warehousing. They are surface transporters and provide only goods transportation services. The Issue comprises of a Public Issue of 41,18,000 Equity shares of face value of Rs.10.00 each fully paid up.
From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,
From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 42.19% and 0.40%, respectively.
- Our revenue from operations for the financial year ending 2015-16, 2016-17 and 2017-18 are Rs.15,302.34 lakhs, Rs 14,165.40 lakhs and Rs. 14,248.65 lakhs respectively.
- During the financial year 2017-18 the Other Income of our company increased to Rs. 6.17 Lakhs as against Rs. 12.22 Lakhs for the financial year 2016-17, representing increase by 98.55% due to increase in interest income & insurance claim in FY 2017- 18.
- Our Net Profit after tax for the above mentioned periods i.e. in the last 3 years are Rs. 50.00 lakhs in F. Y. 2015-16, Rs. 108.18 lakhs in F. Y. 2016-17 and Rs. 345.39 lakhs in F.Y. 2017-18 as per our Standalone Restated Financial Statements.
The Promoter of this company is Mr. Dayanand Agarwal, Mr. Anjani Kumar Agarwal and Mr. Sanjay Agarwal. The lead manager to the issue is Pantomath Capital Advisors Private Limited and the Registrar to this issue is Link Intime India Private Limited .
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DRS Dilip Roadlines IPO Date
The opening and the closing date of DRS Dilip Roadlines Limited IPO is Nov 27, 2018 – Nov 30, 2018.
DRS Dilip Roadlines IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1 – Nov 27, 2018 | – | 0.68x | 0.07x | 0.38x |
| Day 2 – Nov 28, 2018 | – | 1.72x | 0.10x | 0.91x |
| Day 3 – Nov 29, 2018 | – | 1.91x | 0.13x | 1.02x |
| Day 4 – Nov 30, 2018 | – | 2.03x | 0.25x | 1.14x |
| Shares Offered or Net Issue | – | 1,987,200 | 1,987,200 | 3,974,400 |
The shares subscribed by the public will be updated herein on a daily basis.
DRS Dilip Roadlines IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
DRS Dilip Roadlines IPO Price Band
The face value of each share is Rs 10, but the price band or cash price is Rs 75 per Equity Share.
DRS Dilip Roadlines IPO Equity Share Offering
41,18,000 Equity Shares of Rs 10/- each, aggregating up to Rs 31.50 Crores.
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DRS Dilip Roadlines Limited – Company Overview
DRS Dilip Roadlines Limited was incorporated under provisions of Companies Act 1956 on July 10, 2009 as DRS Dilip Roadlines Private Limited and on Special Resolution dated September 04, 2018 name of the Company was changed to DRS Dilip Roadlines Limited.
The Company is engaged in the business of providing high quality logistics services including transportation, packing & moving and warehousing. They are surface transporters and provide only goods transportation services. They provide Full truck loaded ‘FTL’ services to all our customers for transporting goods. Till date they operate and own a fleet of 301 trucks in the name of our Company, have 199 vehicles from our group and have capacity to hire 450 vehicles.
They operate through different types of closed container trucks on the basis of size, 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 our Company owns composite container vehicle specially designed to suit the household shifting called ‘CHAPP VAN’ (Car, Households, Artifacts, Plants and Pets). Our brand Agarwal Packers and Movers (DRS Group) has been recognized by Limca Books of Records, for CHAPP VAN.
Company has tie ups with major corporates like MRF Limited, CEAT Limited, Micro Labs Limited, Mahindra & Mahindra Limited, Cactus Profiles Private Limited, Amitasha Enterprises Private Limited and PPG Asian Paints Private Limited for their transporting services.
The Company is promoted by Mr. Dayanand Agarwal, Mr. Anjani Kumar Agarwal and Mr. Sanjay Agarwal and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of DRS Dilip Roadlines Limited:
- PAN India presence
- Diversed Business model and Host of Services Offered
- Large Fleet of Owned Vehicles
- Experienced Senior Management
- Strong Customer Base
Business strategies of DRS Dilip Roadlines Limited:
- Enhance operational controls to ensure timely delivery and quality service.
- Develop client relationships
- Improving functional efficiency
- Improving Debt – Equity Ratio
- Enhance customer base by constructing new warehouse
DRS Dilip Roadlines Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 7364.4 | 4926.6 | 4749.3 | 3733.23 | 2447.7 |
| Total Revenue | 7384.6 | 5201.88 | 5187.11 | 7326.55 | 4091.75 |
| Total Expense | 6634.32 | 51.4.64 | 5122.87 | 7258.7 | 4.38.19 |
| Profit After Tax | 500.07 | 63.52 | 43.96 | 44.81 | 44.49 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 6.54 | 0.83 | 0.58 |
From the above statements, one could find that the DRS Dilip Roadlines Limited may perform well.
DRS Dilip Roadlines IPO – Promoters
The Promoter of this company are:
- Mr. Dayanand Agarwal,
- Mr. Anjani Kumar Agarwal
- Mr. Sanjay Agarwal
List of Related Parties (Key Managerial Personnel)
- Rashmi Chauhan, Company Secretary
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
DRS Dilip Roadlines IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Upto 41,18,000 Equity Shares* of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. 75/- per Equity share aggregating up to Rs 31.50 Crores |
| Of which: | |
| Reserved for Market Makers | [●] Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●] /- per Equity share aggregating to Rs. [●] Lakhs |
| Net Issue to the Public | [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at a price of Rs. [●] /- per share aggregating Rs. [●] Lakhs |
| Of which: | |
| Retail Investors Portion | [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company at a cash price of Rs. 75/- per Equity share aggregating Rs. [●] Lakhs will be available for allocation to Investors up to Rs. 2.00 Lakhs |
| Non-Retail Investors Portion | [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of 75/- per Equity Share aggregating Rs. [●] lakhs will be available for allocation to investors above Rs. 2.00 Lakhs |
| Equity Shares outstanding prior to the Issue | 76,45,000 Equity Shares of face value of Rs.10 each |
| Equity Shares outstanding after the Issue | [●] Equity Shares of face value of Rs.10 each |
DRS Dilip Roadlines IPO Issue Object
These are the IPO Issue Objects of the company-
- Funding the Working Capital requirements of our Company
- Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by our company
- General Corporate Purposes
DRS Dilip Roadlines IPO – Basis of the 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:
- PAN India presence
- Diversed Business model and Host of Services Offered
- Large Fleet of Owned Vehicles
- Experienced Senior Management
- Strong Customer Base
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 1.08 | 10.09 | – |
| 31-Mar-17 | 1.62 | 7.69 | – |
| 31-Mar-18 | 3.18 | 39.25 | 12.56 |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | 30.48 |
| Highest | 33.30 |
| Lowest | 27.66 |
- Competitive Peers:
They believe that there is no other listed company which is specifically comparable to us w.r.t their business model, size and financials.
DRS Dilip Roadlines IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001 Tel No.: +91 – 22 – 6216 6999 Fax No.: +91 – 22 – 2263 0434 Email: ipo@afsl.co.in Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Ms. Namrata Ravasia / Ms. Darshana Tapase SEBI Registration No.: INM000011344 |
DRS Dilip Roadlines IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299; Email: ipo@bigshareonline.com; Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com; Contact Person: Mr. Ashok Shetty SEBI Registration No.: INR000001385 |
Other Details:
- Statutory Auditor – M/s. M. Anandam & Co., Chartered Accountants
- Peer Review Auditor – M/S. NSVR & Associates, Chartered Accountants,
- Bankers to the Company – Union Bank of India
DRS Dilip Roadlines IPO Review by Top 10 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 |
DRS Dilip Roadlines IPO Grey Market Premium
The DRS Dilip Roadlines IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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