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
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 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 not known yet.


DRS Dilip Roadlines IPO Subscription

Day / Date QIB NII RII Total Subscription
Day 1 
Day 2
Day 3
Day 4
Day 5
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


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 of the IPO is not yet disclosed. 


DRS Dilip Roadlines IPO Equity Share Offering

41,18,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .


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:

  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. [●]/- per Equity share aggregating to Rs. [●] Lakhs(2).
 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. [●]/- 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 [●]/- 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

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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.


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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:
Website: www.afsl.co.in
Investor Grievance Email:
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: ;
Website: www.bigshareonline.com
Investor Grievance Email: ;
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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DRS Dilip Roadlines IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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