The Dhruv Consultancy date has been confirmed from April 27, 2018 and ended on May 2, 2018.
Dhruv Consultancy Developers IPO is a fixed price issue of Rs 23.19 crores. The 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.
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Bidding Dates
April 27-May 2
Price Range
₹54 per share
Face Value
₹10 per share
GMP
₹60.00
Dhruv Consultancy IPO GMP
The Dhruv Consultancy IPO GMP is ₹60.00.
IPO Overview
Dhruv Consultancy’s initial public offering (IPO) has a set price of Rs 23.19 crores. The IPO bidding for Dhruv Consultancy began on April 27, 2018 and closed on May 2, 2018. On May 10, 2018, the shares were listed on the BSE SME. The IPO price for Dhruv Consultancy is 54 per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of ₹100,000.
Dhruv’s clients include the Ministry of Road Transport and Highways, the National Highways Authority of India, the City and Industrial Development Corporation of Maharashtra Ltd., the Jawaharlal Nehru Port Trust, the Maharashtra State Road Development Corporation, the Mumbai Metropolitan Region Development Authority, the Public Works Department, and Maharashtra Tourism, among others. As on December 31, 2017, the company had over 313 employees on its payroll.
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 Size | 4,300,000 shares (aggregating up to ₹23.19 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 224,000 shares |
Dhruv Consultancy Company Financials
| 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 | |
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 |
Company Profile
Preparation of DPR and feasibility studies for infrastructure projects, Operations and Maintenance Works, Project Management Consultancy Services, Independent Consultancy, Project Planning, Designing, Estimation, Traffic and Transportation Engineering, Financial Analysis, Technical audits, Structural Audit, Bridge Inspection, and Techno-Legal Services are among the company’s services. Dhruv consultation Services Limited, based in Mumbai, was created in 2003 to provide infrastructure consultation services such as design, engineering,
procurement, construction, and integrated project management for Highways, Bridges, Tunnels, Architectural, Environmental Engineering, and Ports. 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, Bridge Inspection, and Techno-Legal Services are among the company’s services.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | dcsl.ipo@linktime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Dhruv Consultancy Services Limited |
| Phone number | +91 22 27570710 |
| Email ID | cs@dhruvconsultancy.in |
| Website | dhruvconsultancy.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.