DRS Dilip Roadlines Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,987,200 (47%) | — | ₹1,490 Cr |
| Retail | — | 1,987,200 (47%) | — | ₹1,490 Cr |
| Market Maker | — | 225,600 (5%) | — | ₹17 Cr |
| Σ Total | — | 4,200,000 (100%) | — | ₹31,500 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹120,000 |
| Retail (Max) | 13 | 20,800 | ₹1,560,000 |
| S-HNI (Min) | 14 | 22,400 | ₹1,680,000 |
| B-HNI (Min) | 67 | 107,200 | ₹8,040,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
|---|---|---|---|
| Revenue | 14,262 | 14,191 | 15,308 |
| Profit After Tax | 345 | 108 | 50 |
| Total Assets | 8,299 | 7,815 | 5,299 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment Of Unsecured Loans – 17.50
- 2 Setting up additional Warehouse in the state of Telangana – 5.00
- 3 Acquiring Additional Branch for Expansion of business – 1.50
- 4 Part repayment of the Cash Credit facilities – 3.00
- 5 Part repayment of the Term Loans – 3.00
- 6 General Corporate Purpose – 0.90
Company Overview
Incorporated in 2009, Hyderabad based DRS Dilip Roadlines Limited is a company engaged in the business of logistics services. It offers transportation, packing & moving and warehousing services.
The company carries its packing and moving business under the brand name of 'Agarwal Packers and Movers'. It is a popular name in household relocation across the country.
DRS provides goods transportation services. It operates and owns a fleet of 301 trucks in the name of the Company, have 199 vehicles from the group and can hire 450 vehicles.
The Company owns a composite container vehicle called 'CHAPP VAN' (Car, Households, Artifacts, Plants and Pets). This new-concept composite container vehicle can carry Car, Household, Artifacts, Plants and Pets all at once. The CHAPP VAN has been recognized by Limca Books of Records.
DRS has some of the major corporates in its client list including MRF Limited, CEAT Limited, Mahindra &
Mahindra Limited, PPG Asian Paints, Micro Labs Limited, Cactus Profiles Private Limited and Amitasha Enterprises Private Limited.
Competitive Strengths of the Company-
1. Established brand name in household relocation
2. Pan India presence
3. Owns a large fleet of vehicles
4. Strong financial performance in the last 3-4 years
5. Strong customer base with some of the biggest names in the client list.