Incorporated in 2014, Dhyaani Tile And Marblez Limited is involved in the business of trading and producing tiles for floors, bathrooms, kitchens, balconies, and stairwells. The company offers two categories of products: Double Charge Vitrified Tiles and Glazed Vitrified Tiles. The company warehouse and the physical store are located in Ahmedabad. Dhyaani Tile And Marblez produces rustic, polished glazed, polished, and textured tiles. The company identifies its customer’s needs and allows them to choose the perfect design from its wide range of tiles samples. The company has well-known brand suppliers located all over India.
Competitive Strengths:
- Widespread distribution network.
- Experienced management and dedicated employee base.
- Quality assurance.
- Strategically beneficial location.
Company Promoters:
Mr. Chintan Nayan Bhai Rajyaguru is the company promoter.
Company Financials:
| Particulars | For the year/period ended (Rs in Lakhs) | |||
|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 1,808.19 | 636.77 | 1,431.23 | 1,017.30 |
| Total Revenue | 1,041.30 | 1,511.33 | 712.77 | 935.64 |
| Profit After Tax | 24.30 | 26.96 | (7.25) | 9.76 |
Objects of the Issue:
The company proposes to utilize the funds towards the following objects:
- Funding the working capital requirements of the company.
- General Corporate Purposes.
Dhyaani Tile IPO Details
| IPO Opening Date | Mar 30, 2022 |
| IPO Closing Date | Apr 4, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | 480,000 Eq Shares of ₹10 (aggregating up to ₹2.45 Cr) |
| Fresh Issue | 480,000 Eq Shares of ₹10 (aggregating up to ₹2.45 Cr) |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Dhyaani Tile IPO Tentative Timetable
The Dhyaani Tile IPO open date is Mar 30, 2022, and the close date is Apr 4, 2022. The issue may list on Apr 12, 2022.
| IPO Open Date | Mar 30, 2022 |
| IPO Close Date | Apr 4, 2022 |
| Basis of Allotment Date | Apr 7, 2022 |
| Initiation of Refunds | Apr 8, 2022 |
| Credit of Shares to Demat Account | Apr 11, 2022 |
| IPO Listing Date | Apr 12, 2022 |
Dhyaani Tile IPO Lot Size
The Dhyaani Tile IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹102,000 |
| Maximum | 1 | 2000 | ₹102,000 |
Dhyaani Tile IPO Promoter Holding
| Pre Issue Share Holding | 96.92% |
| Post Issue Share Holding | 66.32% |
Dhyaani Tile IPO Review
The company is operating in a highly competitive and fragmented segment. Its financial performance is not in line with the asking price. Post-IPO small paid-up equity indicates longer gestation for migration to the main board. Simply avoid this pricy issue.
Dhyaani Tile IPO Subscription Status (Bidding Detail)
The Dhyaani Tile IPO is subscribed 0.88 times on Apr 1, 2022 3:23:00 PM. The public issue subscribed 0.78 times in the retail category, times in the QIB category, and 0.98 times in the NII category.
| Category | Subscription (times) |
|---|---|
| NII | 0.98 |
| Retail | 0.78 |
| Total | 0.88 |
Company Contact Information
Dhyaani Tile And Marblez Limited
420, Times Square Arcade,
Opp. Rambaug, Thaltej-Shilaj Road,
Ahmedabad – 380059
Phone: 079-41005865
Email: cs@dhyaaniinc.com
Website: https://www.dhyaaniinc.com/
Dhyaani Tile IPO Registrar
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: dhyaani.ipo@kfintech.com
Website: https://karisma.kfintech.com/