Dhyaani Tile And Marblez Limited IPO (Dhyaani Tile IPO) Detail

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:

  1. Widespread distribution network.
  2. Experienced management and dedicated employee base.
  3. Quality assurance.
  4. Strategically beneficial location.

Company Promoters:

Mr. Chintan Nayan Bhai Rajyaguru is the company promoter.

Company Financials:

ParticularsFor the year/period ended (Rs in Lakhs)
Total Assets1,808.19636.771,431.231,017.30
Total Revenue1,041.301,511.33712.77935.64
Profit After Tax24.3026.96(7.25)9.76

Objects of the Issue:

The company proposes to utilize the funds towards the following objects:

  1. Funding the working capital requirements of the company.
  2. General Corporate Purposes.

Dhyaani Tile IPO Details

IPO Opening DateMar 30, 2022
IPO Closing DateApr 4, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹51 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME
Issue Size480,000 Eq Shares of ₹10
(aggregating up to ₹2.45 Cr)
Fresh Issue480,000 Eq Shares of ₹10
(aggregating up to ₹2.45 Cr)
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% 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 DateMar 30, 2022
IPO Close DateApr 4, 2022
Basis of Allotment DateApr 7, 2022
Initiation of RefundsApr 8, 2022
Credit of Shares to Demat AccountApr 11, 2022
IPO Listing DateApr 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).

ApplicationLotsSharesAmount (Cut-off)

Dhyaani Tile IPO Promoter Holding

Pre Issue Share Holding96.92%
Post Issue Share Holding66.32%

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.

CategorySubscription (times)

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

Dhyaani Tile IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: dhyaani.ipo@kfintech.com

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