About the Company:
Dolfin Rubbers is engaged into manufacturing of Auto and ADV (Animal Driven Vehicle) tubes supporting the tyre industry.
Company’s range of rubber tubes are suitable for tyres of various types of vehicles viz., Mopeds, Scooters, Motorcycles, Cars, Jeeps, Buses, Trucks and Tractors with the use of Butyl rubber.
Company’s manufacturing facility is well equipped where multiple range of tubes are being manufactured and with over 2 decades of experience.
Company initially catered to the two-wheeler and three-wheeler segment in the automotive sector with major dependency on very few customers. Further, with a view to expand the business, Company started targeting the market of four wheelers industry.
Company’s Products:
Company offers the wide range of tubes for almost all the fast-moving sizes tubes for Mopeds, Scooters, Motorcycles, Cars, Jeeps, Tractors, Small Commercial Vehicles, Light Commercial Vehicles, Animal Driven Vehicles(ADV) and Trucks. Company offers tubes made with Butyl Rubber in Heat Resistant Compound.
Company’s Distribution Network:
In order to reach to the users, Company has established distribution network across India. Company has footsteps in most parts of India through wide network of distributors.
Company has presence in 27 states and union territories in India through these distributors who assist them in supplying their products to a wide network of retail suppliers.
Management Team:
- Mr. Kanwaljit Singh (Designation: Managing Director)
- Mr. Surinder Pal Singh (Designation: Joint Managing Director)
Objectives of the Issue:
- To meet working capital requirements
- General Corporate Purposes
- To meet the Issue Expenses
Peer Group Comparison:
We believe that there are no listed Companies in India which are engaged in business similar to Dolfin Rubbers Ltd ie. manufacturing only Tubes. Hence we cannot make any comparison.
Financials of the Company:
| (in Crores) | FY 14 | FY 15 | FY 16 | FY 17 | FY 18 |
|---|---|---|---|---|---|
| Revenue | 28.56 | 32.55 | 40.92 | 43.08 | 54.01 |
| Net Profit | 0.56 | 0.67 | 0.52 | 0.69 | 1.33 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 27th September 2018 |
| Issue Closes on:. | 1st October 2018 |
| Issue Price | Rs.26 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 Shares |
| Minimum Investment | Rs.1,04,000 |
| Issue Constitutes | 26.59% |
| Issue Size | Rs.5.2 cr |
| Market Cap | Rs.19.5 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 20,00,000 |
| Equity Shares Prior to the Issue | 55,22,496 |
| Equity Shares after the Issue | 75,22,496 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 2.42 | 10.74 | 17.83% | 13.59 |
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| Dolfin Rubbers Ltd 79/1, Block-H, Sarabha Nagar, Ludhiana-141002 Punjab India Tel: 0161-5031030 / 2456880 Email: dolfintube@gmail.com Website: www.dolfin.co.in |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai-400059 Tel : +91-22-62638200; Fax :+91-22-62638299; E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| GUINESS CORPORATE ADVISORS PRIVATE LIMITED 18 Deshapriya Park Road, Kolkata – 700 026, West Bengal, India Tel: +91 – 33 – 3001 5555; Fax: +91 – 33 – 3001 5531 Investor Email: gcapl.mbd@guinessgroup.net Website: www.guinessonline.net |
