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Dhruv Consultancy Services Limited IPO (Dhruv Consultancy IPO) Detail

April 27, 2018 - May 2, 2018

Dhruv Consultancy IPO is a fixed price issue of Rs 23.19 crores.

Dhruv Consultancy IPO bidding started from April 27, 2018 and ended on May 2, 2018. The shares got listed on BSE SME on May 10, 2018.

Dhruv Consultancy IPO price is ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000.

Hem Securities Limited is the book running lead manager of the Dhruv Consultancy IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Dhruv Consultancy IPO RHP for detailed information.

Dhruv Consultancy IPO Details

IPO Date April 27, 2018 to May 2, 2018
Listing Date May 10, 2018
Face Value ₹10 per share
Price ₹54 per share
Lot Size 2000 Shares
Total Issue Size4,300,000 shares
(aggregating up to ₹23.19 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion224,000 shares

Dhruv Consultancy IPO Reservation

Dhruv Consultancy IPO offers 4,520,000 shares. 2,036,000 (45.04%) to NII, 2,036,000 (45.04%) to RII.

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Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered224,000 (4.96%)
Other Shares Offered2,036,000 (45.04%)
Retail Shares Offered2,036,000 (45.04%)
Other Shares Offered224,000 (4.96%)
Total Shares Offered4,520,000 (100%)

Dhruv Consultancy IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹108,000
Retail (Max) 1 2000 ₹108,000
Lot Size Calculator

About Dhruv Consultancy Services Limited

Incorporated in 2003, Mumbai based Dhruv Consultancy Services Limited is engaged in the business of infrastructure consultancy providing design, engineering, procurement, construction and integrated project management services for Highways, Bridges, Tunnels, Architectural, Environmental Engineering, and Ports.

The services of the company include Preparation of DPR and feasibility studies for infrastructure projects, Operations & Maintenance Works, Project Management Consultancy Services, Independent Consultancy, Project Planning, Designing, Estimation, Traffic and Transportation Engineering, Financial Analysis, Technical audits, Structural Audit, Inspection of bridges and Techno-Legal Services.

Dhruv's clientele include Ministry of Road Transport and Highways, National Highways Authority of India, The City and Industrial Development Corporation of Maharashtra Ltd., Jawaharlal Nehru Port Trust, Maharashtra State Road Development Corporation, Mumbai Metropolitan Region Development Authority, Public Works Department, Maharashtra Tourism etc

As on December 31, 2017, the company had over 313 employees on its payroll.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lacs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,050.28 1,792.64 1,250.34 739.22 488.26
Total Revenue 3,046.24 1,515.33 974.39 916.75 510.85
Profit After Tax 308.16 132.21 78.97 112.67 34.52

Objects of the Issue (Dhruv Consultancy IPO Objectives)

The objects of the Issue are-

1. Repayment/ prepayment of certain indebtedness;
2. To Meet Working Capital requirements;
3. General Corporate Expenses;
4. Issue Expenses

Dhruv Consultancy IPO Review (Apply)

[Dilip Davda]  

Considering recent performance, orders on hand and the future prospects for the segment, investment in this issue may be considered.

Read detail review...


Dhruv Consultancy IPO Subscription Status (Bidding Detail)

The Dhruv Consultancy IPO is subscribed 2.64 times on May 2, 2018 5:00:00 PM. The public issue subscribed 2.56 times in the retail category, times in the QIB category, and 2.51 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other2.51
Retail2.56
Total2.64

Dhruv Consultancy IPO Prospectus

Dhruv Consultancy IPO Rating

82
3.7
Rating:Rated 3.7 stars
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Dhruv Consultancy IPO Listing Details

Listing Date May 10, 2018
BSE Script Code 541302
NSE Symbol DHRUV
ISIN INE506Z01015
Final Issue Price ₹54 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹54.00
₹53.40
₹52.55
₹56.05
₹56.05

Check IPO Performance…

Dhruv Consultancy Services Limited Contact Details

Dhruv Consultancy Services Limited
501, Pujit Plaza,
Palm Beach Road, Sector - 11, Opp. K-Star Hotel,
Near CBD Station, CBD Belapur, Navi Mumbai-400614
Phone: +91 22 27570710
Email: cs@dhruvconsultancy.in
Website: http://www.dhruvconsultancy.in

Dhruv Consultancy IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: dcsl.ipo@linktime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Dhruv Consultancy IPO - Buy or Not

Dhruv Consultancy IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Dhruv Consultancy IPO FAQs

Dhruv Consultancy IPO is a SME IPO of 4,300,000 equity shares of the face value of ₹10 aggregating up to ₹23.19 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000 Shares.

The IPO opens on April 27, 2018, and closes on May 2, 2018.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Dhruv Consultancy IPO opens on April 27, 2018 and closes on May 2, 2018.

Dhruv Consultancy IPO lot size is 2000 Shares, and the minimum amount required is ₹108,000.

You can apply in Dhruv Consultancy IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Dhruv Consultancy IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Dhruv Consultancy IPO allotment status.

The Dhruv Consultancy IPO listing date is on May 10, 2018.
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Dhruv Consultancy IPO Message Board

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119 Comments

61. SecTheta |   Link |  Bookmark |May 18, 2018 12:12:29 PM
Solid performance so far!!!
61.1. Mahesh Chavda |   Link |  Bookmark |May 28, 2018 10:08:40 PM
What a Solid Performance ........????????????????????????
60. SecTheta |   Link |  Bookmark |May 14, 2018 11:14:38 PM
Those who didn't apply in this IPO will REGRET..
Those who applied, got the allotment and sold will never forgive themselves... This a multibegger... And it's one of the no-brainer to have in long term portfolio of SME stocks...
60.1. IPOANALYSIS |   Link |  Bookmark |May 16, 2018 3:43:38 PM
True

It is good though for those who are holding this gem and now from weak hands it will move to strong hands.
the volume have increased which means retailers are selling. once the selling from retailer is done the stock is headed higher as this would be in hands of strong players.

59. RAJAKUMAR |   Link |  Bookmark |May 14, 2018 2:36:25 PM (1400+ Posts, 1200+ Likes)
Dear IPOANALYSIS
First time i got allotment in heavy subscription company.
59.1. IPOANALYSIS |   Link |  Bookmark |May 14, 2018 3:14:39 PM
Congrats for e2e allotment
59.2. RAJAKUMAR |   Link |  Bookmark |May 15, 2018 12:31:26 PM (1400+ Posts, 1200+ Likes)
Thank you sir
58. RAJAKUMAR |   Link |  Bookmark |May 14, 2018 2:34:59 PM (1400+ Posts, 1200+ Likes)
Dear IPOANALYSIS
Sorry i sold my lot at 57 on friday after getting allotment of E2E and on that day it releases circuit so i sold.
57. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 3:42:50 PM
hold this stock. huge growth potential and multibagger stock
57.4. IPO Rocks |   Link |  Bookmark |May 11, 2018 3:03:54 PM
Where is the Admin?
57.5. IPOANALYSIS |   Link |  Bookmark |May 11, 2018 3:40:16 PM
Closed day higher at 56.60

keep holding this stock is headed higher and cross 100 within 1 year.
56. DownriteVJ |   Link |  Bookmark |May 11, 2018 12:43:35 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
CMP 56.7
55. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 2:13:57 PM
LETS ALL ENJOY THE LISTING FOR DHRUV.
PEOPLE CREATE FAKE ACCOUNTS AND MISSED AND CRYING OVER IT SHALL BE IGNORED
54. tejasa |   Link |  Bookmark |May 10, 2018 1:12:54 PM
Ipo analysys
What about power and instrument
Sell or hold
Earlier U also said PIGL is a good stock but it contineous falling
54.1. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 1:40:31 PM
Tejasa urf lakshya stop creating different accounts to ask question.do some work please.
53. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 10:48:39 AM
Everyone

few people in this group like lakshya others with little or no knowledge comes in the group to tease others.
in morning he want to tease and look now this stock has hit upper circuit.
they dont know about valuation fundamentals . it is cheapest stock available and fair price is above 120rs.
this is a portfolio stock and i have already given reason
53.2. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 12:18:36 PM
YES
53.3. Bholabhala |   Link |  Bookmark |May 10, 2018 12:29:33 PM
Thanks :)
52. Mahesh Chavda |   Link |  Bookmark |May 10, 2018 11:43:57 AM
Open at 53.40+5%=56.05
51. IPOANALYSIS |   Link |  Bookmark |May 3, 2018 12:13:45 PM
I have put my bets on it

P/E is excellent
Business Model is good
Consultancy business rewards

Morever I dont think HEM securities will fail this time
The would be eager to come back . If this one does not suceed then they would have no chance to come with new sme ipo in future as well.

HEM issues have worked in the past. Lets see. I think this one should do good
51.5. an Investor |   Link |  Bookmark |May 10, 2018 11:24:46 AM (200+ Posts)
I see circuit but not UC. I see only buyers @56.05 [+3.80%]. I hope I am looking at the correct Dhruv.
51.6. SecTheta |   Link |  Bookmark |May 10, 2018 11:28:20 AM
It's UC from the listing price. You're looking at right Dhruv
.
50. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 10:40:00 AM

Lol.

Upper circuit with more than 1 lakh buyers

44. lakshya agg May 9, 2018 10:40:47 PM IST I Like It. | Report Abuse
ready for lower circuit tomorrow
49. RAJAKUMAR |   Link |  Bookmark |May 10, 2018 10:25:34 AM (1400+ Posts, 1200+ Likes)
Upper Circuit 56.05 Dear IPO Analysis,
Thank U Sir. So for i not sell my lot. Usually i sold 50% at discovered price and remaining after 10 am in main line ipo.
49.1. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 10:27:59 AM
hold this stock . i see it double the price within a year.
48. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 10:16:54 AM
everyone please hold this stock tightly.
weak hands are out.
this stock should easily double in 8 to 10 months so dont give it so easily.
reemember its the cheapest stock among its peers which such growth of 72 pc profits.
47. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 10:12:52 AM

Lag gaya bhai upper circuit

44.2. lakshya agg May 10, 2018 9:46:50 AM IST I Like It. | Report Abuse
laga gaya upper ka circuit


IPOANALYSIS
46. lakshya agg |   Link |  Bookmark |May 10, 2018 10:01:38 AM
This message has been removed by a moderator.
46.1. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 10:05:16 AM
check karo jo log Shrenik se first day nikal gaye then at 42 rs. Its now at 815 rs.

SME mein paisa kamana hai toh hold karna padta hai .
jo log listing gain ke liye aate hain they are weak hands.

46.2. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 10:08:39 AM
long term kya ab toh short term mein retrun hai.

always remember sme satrts proper trading from 10 a.m

now all weak hands are out and will go to strong hands.
check the number of buyers increased .

toh ab kya kehna hai . short term and long term both will be happy
45. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 10:06:37 AM
Lakshya ab toh start hua hai 10 baje.

check karo lower circuit toh nahi
par upper circuit par bhag raha hai

lol u r proven wrong again.

always stay with fundamental strong companies

i will show u price of 132 rs in 1 year
44. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 9:33:40 AM
edelweiss have applied in this ipo. add this gem for long term gains
44.1. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 9:56:06 AM
check karo properly before writing any comments. u should verify this and which link are you talking about. its in the list of shareholders. plz check urself
44.2. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 9:58:37 AM
lakshya before commenting check everything urself. u said it will hit lower circuit which it did not. i never said it will hit upper circuit.

so u r proven wrong.
also read my comments i have repeatedly said its a long term stock and not about listing gain
43. lakshya agg |   Link |  Bookmark |May 9, 2018 10:40:47 PM
This message has been removed by a moderator.
43.2. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 9:48:51 AM
kisne kaha tha upper circuit lagega. tumne toh lower circuit kaha tha. kahan laga lc
show my message for upper circuit.

Comments below.

37.4. IPOANALYSIS May 9, 2018 10:22:02 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Keep holding this gem. Not sure about listing but long term it's a multibagger. Company has excellent growth prospects
43.3. IPOANALYSIS |   Link |  Bookmark |May 10, 2018 9:49:38 AM
132 jayega par tumhare price 32 par kabhi nahi aayega. lol
42. RAJAKUMAR |   Link |  Bookmark |May 10, 2018 9:14:04 AM (1400+ Posts, 1200+ Likes)
Now 54