DRS Dilip Roadlines IPO Review (Date, Price, DRHP)

DRS Dilip Roadlines Limited is engaged in the business of providing high-quality logistics services including transportation, packing and moving and renting of warehouses. It is a Hyderabad based company. The article is going to cover DRS Dilip Roadlines IPO Review. To know about drs dilip roadlines ipo review goes through the following points.

DRS Dilip Roadlines Limited IPO Review Issue Details :

  • IPO Opens on – Nov 27, 2018.
  • IPO Closes on – Nov 30, 2018.
  • Issue Type – Fixed Price Issue IPO.
  • Face Value – Rs.10 per Equity Share.
  • Issue Price – Rs. 75 Per Equity Share.
  • Min Order Quantity – 1600 shares.
  • Market Lot – 1600 shares.
  • Issue Size – 4,200,000 Equity Shares of Rs. 10 aggregating up to Rs. 31.50 Cr.
  • Listing Exchange At – NSE SME Exchange.
  • Draft Prospectus – Download.

Objectives of the issue of the Company :

  • The main objectives of the issue of DRS Dilip Roadlines limited is repayment of Unsecured Loans.
  • Setting up Additional Warehouse in the state of Telangana of this company.
  • One of the objectives of the issue is acquiring Additional Branches for Expansion of business.
  • Another objective of the issue of this company is part repayment of this company’s cash credit facilities.
  • Part repayment of this term loans is the objectives of the issue of DRS Dilip Roadlines limited.
  • General corporate purposes of this company.

About The Company –

  • DRS Dilip Roadlines Limited is incorporated in 2009.
  • This company is a surface transporter and provide only goods transportation services.
  • DRS Dilip Roadlines Limited provides Full truck loaded ‘FTL’ services to all their customers for transporting goods.
  • This company also owns warehouses in South India.
  • DRS Dilip Roadlines Limited have currently rented their warehouses to some of the major corporates.
  • This company has tie-ups with some of the major corporate houses for their transporting services.
  • DRS Dilip Roadlines Limited is an ISO 9001:2015 certified company.
  • This company operate and own a fleet of 327 trucks in the name of this company and also have the capacity to hire 649 vehicles.

DRS Dilip Roadlines Limited

Services of DRS Dilip Roadlines Limited :

  • Transportation Services –

DRS Dilip Roadlines Limited are IBA (India Bank Association) accredited Transportation Company. This company also engaged in the transportation of goods catering to a variety of industries like FMCG, Steel, Construction, Infrastructure etc. DRS Dilip Roadlines Limited has a strong customer base and they are relied on by their clients for their qualitative, time oriented and damage free transportation services. This company has an in-house preventive maintenance department wherein regular remedial measures are taken for the company’s fleet. This mainly includes regular checking of tire quality and servicing of key components of the trucks they operate.

  • Full Truck Loaded (FTL) services –

This company provides FTL services to all their customers which is both commercials as well as individual households. DRS Dilip Roadlines Limited render FTL services on both Intra as well as an Inter-State basis, depending on the demand of the customers. The FTL services of this company consist of porting fully loaded cargo from one location to another as per the terms of booking and requirement of their customers.

  • Packing And Moving Services –

DRS Dilip Roadlines Limited is famous in the field of packers and movers. This company operates under the brand name ‘Agarwal Packers and Movers’. DRS Dilip Roadlines Limited has a wide range of customers in the field of packing and moving which include Multinational Companies viz. Mahindra & Mahindra, CEAT Limited etc. as same as retail or individual household customers which include HNI`s, actors, cricketers, professionals, and other individuals. Packers and movers services of this company include shifting of houses, offices, cars etc. DRS Dilip Roadlines Limited use their specially designed container CHAPP Van for packing and moving of households. This CHAPP Van can together transport Car, Household, Artifacts, Pets, and Plants and can also accommodate individual if the customer so demands.

  • Warehouse Services –

DRS Dilip Roadlines Limited owns warehouses in South India. This company has currently given all warehouses on rent to ITC, KSV Engineering Industries, and Paragon Polymers Products Private Limited.

Location :

DRS Dilip Roadlines Limited

220, 221, 222, 223, 224, Kabra Complex,

61, M. G. Road, Secunderabad,

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Telangana – 500003.

Phone No. : +91-40-39818800 / 811 / 822.

Fax No. : +91-40-66200059.

Email: [email protected]

Website : www.drsindia.in.

The promoter of DRS Dilip Roadlines Limited :

  • Mr. Dayanand Agarwal, aged 67 years, is the Promoter, Chairman and Managing Director of this Company.
  • Mr. Anjani Kumar Agarwal, aged 43 years is one of the founding Promoters of this Company.
  • Mr. Sanjay Agarwal, aged 41 years is another founding Promoters of this Company.

The Board of Directors of this company :

  • Mr. Dayanand Agarwal, aged 67 years, is the Promoter, Chairman and Managing Director of this Company.
  • Mr. Sugan Chand Sharma, aged 56 years, is the Whole Time Director of this company.
  • Mrs. Shamantha Dodla, aged 50 years, is the Non-Executive Director of this company.
  • Mr. Ajai Kumar Agarwal, aged 61 years is the Non-Executive Independent Director of this company.
  • Mr. M B Suneel, aged 30 years is the Non-Executive Independent Director of this company.

Competitive Strengths of DRS Dilip Roadlines Limited :

  • The main strength is PAN India Presence of DRS Dilip Roadlines Limited.
  • One of the strength is a diversified business model and host of services offered this company.
  • Large fleet of owned vehicles is another strength of DRS Dilip Roadlines Limited.
  • This company has experienced Senior Management and this is the very positive strength of this company.
  • One of the strength is strong customer base of DRS Dilip Roadlines Limited.

Business Strategies for this company :

  • Enhance operational controls to ensure timely delivery and quality service of DRS Dilip Roadlines Limited.
  • The business strategies of this company are developing client relationships.
  • Improving functional efficiency is one of the business strategies of DRS Dilip Roadlines Limited.
  • Improving Debt – Equity Ratio is another strategy of this company.
  • One of the business strategies of DRS Dilip Roadlines Limited is enhancing customer base by constructing a new warehouse.

Company Financials :

DRS Dilip Roadlines IPO

DRS Dilip Roadlines Limited IPO Review:

Now, come to the section of drs dilip roadlines ipo review. The above attachment is the profit-loss statement of the company. The data represents an abrupt movement of the profit-loss. Before, stepping into the conclusion, let’s go through the prospectus of the company. According to the 2017-18 fiscal year, earnings per share or EPS stands at the level of 3.18. The company has not opened up the P/E ratio of the company. RoNW and NAV/Share of the company (based on the 2018 FY) are 39.25 and 12.56 respectively. Hence, based on our analysis it is one of the avoidable IPO. So, DRS Dilip Roadlines IPO Review is NEGATIVE. Investors should avoid the stock.

Ankita has done her Diploma Engineering in Computer Science & Technology. She is pursuing her degree in Engineering and also well experienced in the equity market and real estate related content writing. She is the one who has developed the technical indicators section of our site.



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