DRS Dilip Roadlines IPO – Review, Allotment, Subscription, GMP & DRHP

DRS 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.


DRS Dilip Roadlines IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of DRS Dilip Roadlines Limited IPO

DRS Dilip Roadlines IPODRS 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 / DateQIBNIIRIITotal Subscription
    Day 1 – Nov 27, 20180.68x0.07x0.38x
    Day 2 – Nov 28, 20181.72x0.10x0.91x
    Day 3 – Nov 29, 20181.91x0.13x1.02x
    Day 4 – Nov 30, 20182.03x0.25x1.14x
    Shares Offered or Net Issue1,987,2001,987,2003,974,400

    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.


    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-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
    Total Assets7364.44926.64749.33733.232447.7
    Total Revenue7384.65201.885187.117326.554091.75
    Total Expense6634.3251.4.645122.877258.74.38.19
    Profit After Tax500.0763.5243.9644.8144.49

    Earnings per Equity Share (in Lakhs)

    31-Mar-1831-Mar-1731-Mar-16
    Basic & Diluted6.540.830.58

    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:

    1. Mr. Dayanand Agarwal,
    2. Mr. Anjani Kumar Agarwal
    3. 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 Issue76,45,000 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 EPSRONW (%)NAV (Rs.)
    31-Mar-161.0810.09
    31-Mar-171.627.69
    31-Mar-183.1839.2512.56
    • Industry P/E Ratio:
    ParticularsP/E ratio
    Average30.48
    Highest33.30
    Lowest27.66
    • 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 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

    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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      DRS Dilip Roadlines IPO News

      News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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