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Issue Open Date
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31-Aug-17
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Issue Closing Date
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04-Sep-17
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Application Money
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100
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Allotment Money
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Price Band
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20
-
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Minimium Application No.
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6000
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Issue Size (Shares)
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2784000
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Market Lot
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1
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Objective
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The objects of the Issue are:1. Working capital requirement;2. General Corporate Purpose;3. Meeting Public Issue Expenses.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description
Our Company was incorporated as "Dhruv Wellness Private Limited" at Mumbai under the provision of theCompanies Act, 2013 vide certificate of incorporation dated March 27, 2015 issued by the Registrar ofCompanies, Maharashtra. Consequent upon the conversion of our Company to public limited company, thename of our Company was changed to ?Dhruv Wellness Limited" and fresh certificate of incorporation datedJuly 2, 2017 was issued by the Registrar of Companies, Mumbai. The Corporate Identification Number of ourCompany is U74900MH2015PLC263089.We are in the business of wholeselling and distributorship of general, pharmaceutical and cosmetic products.Our Company also functions as a stockist of medical, general cosmetics and pharmaceutical products. OnJanuary 1, 2016, our Company acquired the business, all the assets including debts, stock, stock-in-trade,movable plant and machinery, trade-marks, designs, patents and licenses and all credits etc. of Dhruv Agencywhich was in a market for about a decade and had been promoted by our promoter director, Ms. Anita Prajapatiin the year 2005 resulting into reaching the next level in short span of time. The Proprietorship firm havingagencies of various renowned agencies was engaged in the business of wholeselling, and distributorship ofgeneral, healthcare, pharmaceutical products and cosmetic productsetc. Our Company acquired the said DhruvAgency and settled the sales consideration as follows:Particulars Amount (In Rs.)Issue of 9,90,000 Equity Shares at an Issue Price of `55 per Equity Share 5,44,50,000Issue of 57,996(0% optionally Convertible Debentures) at an Issue price of Rs. 100 per Debenture57,99,600Cash 75Total 6,02,49,675We believe that our Company has multiplied its growth by acquisition of Dhruv Agency. As at March 31, 2017,the revenue of our Company which was Rs. 2,271.89 Lacs in FY 2015-16 has increased to Rs 10,191.88 Lacs.We have worked withmany renowned distributors in cosmetic and pharma sectors and all of which supplydifferent line of products to our Company. The product ranges from small sachets of shampoos and othertoiletries to pharmaceutical products that become a part of every household. Our products are distributedamongst an extensive chain of retailers across the area starting from Jogeshwari to Dhanu in Mumbai. We haveconstituted a widespread tie-up with general and medical stores in Mumbai‘s suburban areas and have not lostany opportunity to be an Ace in the field.In its market presence of over 2 (two) years, we have worked formanywholesellers across Mumbai, ourcompany deals with approx.2500 products. Delivering cosmetic and pharma products, day and night, all-dayevery-week, our Company procures a turnover of Rs.10,191.88Lacsby March 31, 2017.By adding client, Dettol in 2016 has given valuable prosperity to the business and took our Company to newhorizon. We believe that our Company wasrecognised contributor in west region of Mumbai in 2016. Also,addition of Fogg in its list of esteemed brand products, gave way for further connection with many retail storesacross Mumbai in limited areas.We intend to acquireCNF agencies
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Promoter's Holding
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Total Share Capital
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Offered to Public
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Promoter's Holding (Pre-Issue)
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Promoter's Holding (Post-Issue)
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Address |
207 Royal Appartment Jai Bhavani Lane Kasam Baug Malad East
Mumbai,
Maharashtra,
400097
Phone : 9825980950
Email : pravinbhaiprajapati1974@gmail.com
Website : www.dhruvwellness.com
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Registrar |
Purva Shareregistry (India) Pvt Ltd
33 Printing House 28 D Police Court Lane Behind Old Handloom House Fort Mumbai
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Listed at |
BSE
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Lead Manager |
Gretex Corporate Services Pvt Ltd.
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Promoters |
Anita Prajapati Pravinkumar Prajapati
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