DK Enterprises Global SME
SME₹7.99 Cr issue
+5.00%
Listing gain over issue price
Issue size
₹7.99 Cr
1 lot at cut-off
₹1,20,000
Lot size
3,000shares
Open
07 Oct 2021
Close
12 Oct 2021
Allotment
18 Oct 2021
Listing
22 Oct 2021
Listing performance
Issue price
₹40
Listed at
₹42
Listing-day close
₹43.30
Latest price
₹69.50
Close on 30 Sep 2026
Listing gain
+5.00%
Return since issue
+73.75%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 07 Oct 2021 – 12 Oct 2021
- Listing date
- 22 Oct 2021
- Face value
- ₹10 per share
- Issue price
- ₹40 per share
- Lot size
- 3,000 shares
- Total issue size
- ₹7.99 Cr
- Market cap at offer price
- ₹30.03 Cr
- Promoter holding
- 99.88% → 73.30% pre-issue → post-issue
- ISIN
- INE0GN101014
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead managers
- Beeline Broking Ltd.
- Registered office
- Plot No-235, Industrial Area, Phase-2, Haryana
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 1,02,000 | — | — |
Application size
Minimum 3,000 shares per lot, in multiples, at ₹40
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3,000 | ₹1,20,000 |
| S-HNI (min) | 2 | 6,000 | ₹2,40,000 |
| S-HNI (max) | 8 | 24,000 | ₹9,60,000 |
| B-HNI (min) | 9 | 27,000 | ₹10,80,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
₹40 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| Market cap | — | ₹30.03 Cr |
About DK Enterprises Global SME
D.K. Enterprises Global Limited is a manufacturer of packaging materials and specialty tapes. The company was incorporated on February 26, 2019, and acquired the running business of D.K. Enterprises (a proprietorship of Mrs. Rekha Bansal operating for two decades) on May 15, 2019, including manufacturing facilities in Panchkula, Haryana and Vadodara, Gujarat. The company is ISO 9001:2015 and 45001:2018 certified and works almost exclusively with major multinational corporations in the consumer space. Revenue for FY 2020-21 (consolidated) was ₹6,483.89 Lakhs with a profit after tax of ₹243.86 Lakhs. The company holds an 80% stake in M/s. Satguru Engravures, a partnership firm engaged in manufacturing soap stiffeners, soap wrappers, banding BOPP tapes, and laminates.
Company Analysis
from RHPD.K. Enterprises Global Limited manufactures paper-based packing materials, self-adhesive specialty tapes (masking, siliconized, medical, surface protection), laminated products, and flexible packaging.
D.K. Enterprises Global Limited is a manufacturer of packaging materials and specialty tapes. The company was incorporated on February 26, 2019, and acquired the running business of D.K. Enterprises (a proprietorship of Mrs. Rekha Bansal operating for two decades) on May 15, 2019, including manufacturing facilities in Panchkula, Haryana and Vadodara, Gujarat. The company is ISO 9001:2015 and 45001:2018 certified and works almost exclusively with major multinational corporations in the consumer space. Revenue for FY 2020-21 (consolidated) was ₹6,483.89 Lakhs with a profit after tax of ₹243.86 Lakhs. The company holds an 80% stake in M/s. Satguru Engravures, a partnership firm engaged in manufacturing soap stiffeners, soap wrappers, banding BOPP tapes, and laminates.
Packaging materialsSpecialty tapesFlexible packagingPaper-based products
Objects of the Issue
- Setting up of new Manufacturing Unit at Baddi, Himachal Pradesh ₹690.00 Lakhs p.14
- Incremental Working Capital Requirements ₹415.00 Lakhs p.14
- Purchase of Plant and Machinery for Vadodara Unit ₹260.00 Lakhs p.14
- General Corporate Purposes ₹105.00 Lakhs p.14
- Public Issue Expenses ₹79.20 Lakhs p.14
- Setting up of new Manufacturing Unit at Baddi, Himachal Pradesh ₹690.00 Lakhs p.66
- To Meet Incremental Working Capital Requirements ₹415.00 Lakhs p.66
- For General Corporate Purposes ₹105.00 Lakhs p.66
- To meet Public Issue Expenses ₹79.20 Lakhs p.66
- Purchase of Plant and Machinery for Vadodara Unit ₹260.00 Lakhs p.66
Issue Structure
- Total Issue
- ₹799.20 Lakh
- Fresh Issue
- 1,998,000 Equity Shares of ₹10 face value at ₹40 per share aggregating to ₹799.20 Lakh
- Price Band
- ₹40 per Equity Share
- Face Value
- ₹10 per Equity Share
Business Model
The company earns revenue through manufacturing and selling paper-based packing materials, self-adhesive specialty tapes, laminated products, and flexible packaging materials to multinational corporations in the consumer space on a business-to-business basis.
Business Segments
Manufacturing of paper-based packing materials
Manufacturing of specialty tapes including masking, siliconized, medical and surface protection tapes
Manufacturing of laminated products
Manufacturing of flexible packaging materials
Manufacturing and sale of soap stiffeners, soap wrappers, banding BOPP tapes, laminates
These tapes are used for Promotional Marketing in soap Packs printed as per customer requirements.
Includes Plain/Printed BOPP Tapes, Masking Tapes, Medical Tapes, Tamper Evident Tapes, Surface Protection Tapes, Siliconized Tapes, Promotional BOPP Tapes
Boxes provide product protection by containing the product from manufacturing through distribution to sale and sometimes end-use, providing crush resistance and adequate strength for stacking in warehouses.
Corrugated fiberboard material consisting of fluted corrugated sheet and flat linerboards, used for making cardboard boxes.
Heat sealable laminates for various applications including mosquito repellant coils, copier paper, masala liners, chips, noodles, soap wrappers, and sandwich lamination products.
Produces BOPP Tape, Laminate and liner
Manufactures Corrugated sleeves, sheets and Boxes
Manufactures soap paper and stiffeners
The 'BOPP Tape and laminates' segment produces BOPP Tape, Laminate and liner
The 'Corrugated sheets and boxes' segment manufactures Corrugated sleeves, sheets and Boxes
SWOT Analysis
Strengths
- • ISO certified manufacturing with multinational customer base(p.13)
- • Established two-decade operating history through acquisition(p.13)
- • Diversified product portfolio across packaging materials(p.13)
- • Strategic geographic presence with multiple manufacturing units(p.13)
- • Experienced management team with decades of industry expertise(p.88)
- • Long-term relationships with major MNC customers(p.88)
- • ISO certifications demonstrating quality and safety standards(p.88)
- • Established integrated manufacturing capabilities across multiple locations(p.88)
- • Quality-driven operations with consistent customer retention(p.88)
- • Customized product solutions matching specific customer requirements(p.89)
- • Established manufacturing capabilities with ISO certifications across multiple facilities(p.148)
- • Diverse product portfolio across paper-based packaging, BOPP tapes, and specialty products(p.148)
- • Strong customer base of major multinational corporations in consumer space(p.148)
- • Established leadership with significant industry experience and track record(p.132)
- • Multi-location manufacturing presence providing geographic diversification(p.148)
- • Revenue growth trajectory with increasing profitability(p.145)
- • Subsidiary firm generating significant revenue and profitability(p.213)
- • Strong debt service coverage improving over time(p.202)
- • Improving current ratio and operational performance(p.202)
- • Revenue growth from operations(p.216)
- • Established promoter experience in the business(p.229)
- • ISO certifications and quality standards(p.213)
Weaknesses
- • Heavy dependence on few major customers(p.24)
- • High dependence on few suppliers for raw materials(p.25)
- • Working capital intensive business model(p.25)
- • Under-utilized manufacturing capacity(p.26)
- • No long-term contracts with customers(p.27)
- • Reliance on key promoters and management(p.29)
- • Promoter group retains controlling majority post-IPO(p.30)
- • Rising raw material costs pressuring margins(p.89)
- • High capital intensity of the packaging manufacturing industry(p.89)
- • Company has not identified land yet for proposed Baddi facility(p.68)
- • No construction quotations obtained for Baddi facility(p.69)
- • No plant and machinery orders placed as of prospectus date(p.70)
- • Dependence on third-party transporters for logistics(p.98)
- • High dependence on a concentrated customer base of multinational corporations(p.148)
- • Significant debt obligations relative to equity base(p.164)
- • Limited working capital management with high inventory levels relative to sales(p.143)
- • Ongoing expansion project with substantial capital work in progress not yet operational(p.148)
- • Substantial related-party transactions and family-owned promoter structure creating potential governance concerns(p.169)
- • Heavy dependence on top customers(p.218)
- • Significant dependence on top suppliers(p.218)
- • High leverage ratio despite improvements(p.197)
- • Outstanding Income Tax demands against promoters(p.220)
- • Very recent company incorporation with limited operating history(p.213)
Opportunities
- • Expansion of manufacturing footprint to high-growth regions(p.13)
- • Growth from India's surging e-commerce sector(p.13)
- • Expansion of Indian packaging industry(p.14)
- • Growing consumer preference shift to online shopping post-pandemic(p.13)
- • Expansion into new geographical markets(p.89)
- • Growth through increased product portfolio expansion(p.89)
- • Rising e-commerce sector driving packaging demand(p.83)
- • Rapid growth in Indian packaging industry(p.83)
- • Setup of new manufacturing unit at Baddi to expand capacity(p.90)
- • Opportunity to add machinery to Vadodara unit for expanded product range(p.90)
- • Expansion into new manufacturing locations to increase production capacity(p.148)
- • Growth in export markets with existing international customer relationships(p.153)
- • Increasing revenue per customer and geographic market penetration across India(p.153)
- • Planned manufacturing capacity expansion at multiple locations(p.213)
- • Growing demand from multinational customers in consumer space(p.213)
- • Increasing equity base to support growth(p.229)
- • Public listing enabling access to capital markets(p.232)
Threats
- • Raw material price volatility and supply unavailability(p.24)
- • Intense competition from local and multinational players(p.27)
- • Regulatory compliance risks and license renewal requirements(p.23)
- • COVID-19 pandemic impacts and supply chain disruptions(p.34)
- • Transportation dependency and logistics risks(p.27)
- • Quality maintenance and technology advancement requirements(p.27)
- • Interest rate and foreign exchange fluctuation risks(p.33)
- • Economic and political uncertainty affecting business(p.89)
- • Highly competitive market with numerous players(p.97)
- • Low barriers to entry enabling intensified competition(p.97)
- • Global economic uncertainty from ongoing pandemic impacts(p.80)
- • Mixed impact on packaging from economic shifts(p.84)
- • Raw material price volatility and supply chain disruptions impacting margins(p.145)
- • Working capital financing requirements growing faster than operational cash generation(p.143)
- • Cyclicality and seasonality of consumer goods packaging demand(p.167)
- • Regulatory and compliance risks related to manufacturing operations and environmental standards(p.148)
- • Competition from domestic and international players in fragmented market(p.218)
- • Dependence on raw material availability and price fluctuations(p.214)
- • Vulnerability to economic cycles and recession(p.214)
- • Exposure to interest rate and inflation risks(p.217)
- • Dependence on regulatory and government policy compliance(p.214)
- • Technology obsolescence risk in packaging industry(p.214)
- • Exposure to natural disasters and environmental events(p.214)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Rakesh Kumar | Promoter | 13.16% | 9.65% |
| Mrs. Rekha Bansal | Promoter | 78.49% | 57.60% |
| Mr. Dhruv Rakesh | Promoter | 8.23% | 6.04% |
| Rakesh Kumar | Promoter/Chairman cum Managing Director | 13.16% | 9.65% |
| Rekha Bansal | Promoter/Whole-time Director | 78.49% | 57.60% |
| Dhruv Rakesh | Promoter/Executive Director | 8.23% | 6.04% |
| Mr. Rakesh Kumar | Promoter/Chairman Cum Managing Director | 13.16% | — |
| Mrs. Rekha Bansal | Promoter/Whole Time Director | 78.49% | — |
| Mr. Dhruv Rakesh | Promoter/Executive Director | 8.23% | — |
| Rakesh Kumar | Promoter | — | — |
| Rekha Bansal | Promoter | — | — |
| Dhruv Rakesh | Promoter | — | — |
Leadership
Mr. Rakesh Kumar · Chairman Cum Managing Director
Mrs. Rekha Bansal · Whole-Time Director
Mr. Dhruv Rakesh · Executive Director
Ms. Amanpreet Kaur · Company Secretary and Compliance Officer
Mr. Baljeet Singh · Chief Financial Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
DK Enterprises Global SME IPO FAQs
What is the lot size of DK Enterprises Global SME IPO?
The minimum lot size of DK Enterprises Global SME IPO is 3,000 shares. One lot costs ₹1,20,000 at the cut-off price.
When does DK Enterprises Global SME IPO open and close?
DK Enterprises Global SME IPO opened for subscription on 07 Oct 2021 and closed on 12 Oct 2021.
What is the listing date of DK Enterprises Global SME IPO?
DK Enterprises Global SME IPO listed on 22 Oct 2021.