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Dolfin Rubbers Limited IPO (Dolfin Rubbers IPO) Detail

Sep 27, 2018 - Oct 1, 2018

Incorporated in 1995, Ludhiana based Dolfin Rubbers Limited is a company engaged in the business of manufacturing Auto and Animal Driven Vehicle (ADV) tubes.

The company manufactures a range of rubber tubes, for various types of vehicles including Mopeds, Scooters, Motorcycles, Cars, Jeeps, Buses, Trucks and Tractors etc.

It sells auto tubes under the 'Dolfin' Brand. The Brand accounts for one of the highest shares of Auto and ADV tubes in Butyl rubber in replacement market in the country.

The company's manufacturing facility is located at Ludhiana.

It has an established distribution network spread across 27 states and union territories in India.

The company has 284 employees on its payroll.

Competitive Strengths-

1. An established brand 'Dolfin'
2. Robust distribution network across India
3. Wide product portfolio to cater to a large customer base

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Jan-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 1,814.92 1,651.05 1,261.86 1,298.04 1,588.87 1,402.92
Total Revenue 4,220.09 4,308.65 4,092.37 3,255.34 2,856.57 2,503.22
Profit After Tax 102.91 69.56 52.81 67.33 56.83 50.01

Objects of the Issue

The objects of the Issue are-

1. To meet working capital requirements- Rs 367 lakhs
2. General Corporate Purposes- Rs 100 lakhs
3. To meet the Issue Expenses- Rs 53 lakhs

Dolfin Rubbers IPO Details

IPO Date Sep 27, 2018 to Oct 1, 2018
Listing Date Wednesday, October 10, 2018
Face Value ₹10 per share
Price ₹26 per share
Lot Size 4000 Shares
Issue Size2,000,000 shares of ₹10
(aggregating up to ₹5.20 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The Promoters of the company are Kawaljit Singh and Ratinder Kaur. They hold 16,48,664 Equity Shares representing 29.85% of the issued and paid-up Equity Share capital of the Company.

Dolfin Rubbers IPO Lot Size

The Dolfin Rubbers IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹104,000).

Application Lots Shares Amount
Retail (Min) 1 4000 ₹104,000
Retail (Max) 1 4000 ₹104,000

Dolfin Rubbers IPO Review

DRL has shown consistent growth in top line. Growing demand for tubeless tyres causes concern. Considering fully priced issue, investors may consider investment for long term.

Read detail review...


Dolfin Rubbers IPO Subscription Status (Bidding Detail)

The Dolfin Rubbers IPO is subscribed 1.25 times on Oct 1, 2018 6:50:02 PM. The public issue subscribed 0.68 times in the retail category, times in the QIB category, and 1.82 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.82
Retail0.68
Total1.25

Dolfin Rubbers IPO Prospectus

Dolfin Rubbers IPO Rating

27
2.2
Rating:Rated 2.2 stars
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Dolfin Rubbers IPO Listing Date

Listing Date Wednesday, October 10, 2018
BSE Script Code 542013
NSE Symbol
Listing In
ISIN INE666Y01010
IPO Price ₹26 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹26.00
₹27.50
₹27.00
₹27.60
₹27.05

Company Contact Information

Dolfin Rubbers Limited
79/1, Block-H
Sarabha Nagar,
Ludhiana Punjab 141002
Phone: 0161-5031030, 2456880
Email: dolfintube@gmail.com
Website: http://www.dolfin.co.in

Dolfin Rubbers IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Dolfin Rubbers IPO Review

Dolfin Rubbers IPO Recommendation Summary

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Dolfin Rubbers IPO FAQs

Dolfin Rubbers IPO is a SME IPO of 2,000,000 equity shares of the face value of ₹10 aggregating up to ₹5.20 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000 Shares.

The IPO opens on Sep 27, 2018, and closes on Oct 1, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Dolfin Rubbers IPO opens on Sep 27, 2018 and closes on Oct 1, 2018.

Dolfin Rubbers IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in Dolfin Rubbers 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

The Dolfin Rubbers IPO listing date is on Wednesday, October 10, 2018.
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Dolfin Rubbers IPO Message Board

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1 Comments

1. GrowYourMoney |   Link |Sep 25, 2018 5:22:13 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Looking Avg...
But can be avoid as well...
Better options available in Market...