Skip to main content

Rajasthan’s Dhabriya Polywood Ltd lists on SME platform of BSE

Oversubscribed by 1.65 times

17th October, 2014: One of country’s leading interior solutions manufacturer and retailer, Dhabriya Polywood Ltd., (Formerly known as Dhabriya Agglomerates Limited), incorporated under the companies Act of 1956 has now been listed on the SME platform of the Bombay Stock Exchange. The company’s public issue has been oversubscribed by 1.65 times. Mr. Digvijay Dhabriya, Managing Director was present at the ceremony and rang the ‘Opening Bell’ during the listings ceremony today.

Speaking on the company’s IPO and its issue being oversubscribed Mr. Digvijay Dhabriya said, “We believe that listing will enhance our corporate image and visibility of brand name of our Company. We also believe that our Company will receive the benefits from listing of Equity Shares on the SME Platform of BSE. We are extremely delighted for such an overwhelming response and faith in our organization from our investors who have invested.”

The company intends to utilize the proceeds of the issue to meet the objectives of funding its expansion plans, setting up Polywood Application Centers in Rajasthan, Meet the issue expenses and for the corporate purpose.

About Polywood

Established in the year 1992, M/s Dhabriya Polywood Ltd (earlier known as Dhabriya Agglomerates Pvt Ltd.), is country’s largest manufacturer and retailer of PVC & uPVC profiles, windows and doors. The company has a registered brand name, Polywood which is country’s largest interior solutions brand that provides wood substitute solutions. With an intense motive, company saves nearly 5 lakh trees every year and reduces the usage of wood by providing the alternate solutions and applications along with energy efficient interior and exterior solutions to Builders, Architects and Interior Designers.

Commenced with a seed capital of Rs. 3 lakhs, the Dhabriya Polywood Ltd has an annual turnover of Rs. 70 crores as per FY 2013-14. Initiated its business with just manufacturing of PVC doors, Dhabriya Polywood Ltd., is now manufacturing and also retailing a wide range of PVC and uPVC products with various designs to suit the complete fabrication requirements like Doors, Windows, Partitions, False Ceilings, Wall Paneling, Pelmet, Modular Kitchen and wardrobe Shutters & other interiors related products
.
In the year 2007 the company initiated its first uPVC window manufacturing unit which comprised of just one fabrication line with a capacity of 55,000 sq.ft. every month. In 2011, the firm doubled its production capacity from 55,000 sqft to about 1,10,000 sqft every month with the establishment of two lines. By 2014, the company further expanded its potential to establish 2 more lines.  Currently Dhabriya Polywood Ltd functions with 4 lines in Jaipur to fabricate uPVC windows and doors itself.  Today, Dhabriya Polywood Ltd has six window fabrication lines in total which include two lines in Coimbatore and 4 lines in Jaipur, Rajasthan, generating a total manufacturing capacity of approximately 3,00,000 sq ft per month considering about 60-70% efficiency utilization in just one shift.

Polywood is recognized for its customized solutions, superior quality as well as highly efficient and robust products. It subscribes to the Quality Management Standards ISO 9001:2008 and Environmental Management Systems ISO 14001:2004. Amongst the many Awards that the company has received includes a National Award for Manufacturing of Outstanding Quality Products, Award for Outstanding Entrepreneurship, Award for Meritorious Industrial Development, The Samaj Ratna Award etc. Mr. Digvijay Dhabriya has been elected as president of Laghu Udyog Bharti (LUB) for Sitapura-Ramchandrapura Extension for Jaipur, Rajasthan.

Polywood has a nationwide network of more than 100 distributors and 300 retail partners. Including Jaipur and Coimbatore, Polywood has a retail network of application centers in Gujarat, Maharashtra, Karnataka, Kerala, Andhra Pradesh and West Bengal. Company aims to set-up more application centers in the states like Rajasthan, Orissa, MPCG, Uttar Pradesh, Bihar, Madhya Pradesh and few more cities in coming two years.

Dhabariya Polywood Limited has marked its charisma in institutional, commercial and residential application segments. In commercial segment, the Polywood brand has earned a very prestigious business partners like Shapoorji Paloonji, Emmar MGF, ONGC, Airport Authority of India, L&T, PWD, Omaxe, CHD etc.

The company seeks to become the number interior solutions and the largest retailer of PVC and uPVC products.


Comments

Post a Comment

Popular posts from this blog

CARE Ratings shares list at 25% premium on NSE

Credit Analysis and Research Limited (  CARE ) has listed at Rs 940, a 25% premium against its issue price of Rs 750 per share on the National Stock Exchange (NSE). The stock hit a high of Rs 955 and low of Rs 930 so far. A combined 1.41 million shares have changed hands on the counter in opening deals on the NSE and BSE. CARE, the second-largest credit rating agency in India, has raised Rs 540 crore by issuing 7.2 million shares through initial public offer (IPO). The company has fixed the issue price at higher price band at Rs 700-750 per share. The IPO attracted bids for 245.56 million shares against 7.2 million shares on offer, translating to 34.11 times subscription, according to information available in basis of allotment.   The category reserved for qualified institutional buyers (QIBs) was subscribed 43 times, while non-institutional investor’s portion received 110 times subscription. Shares reserved for retail investors got subscribed 6.11 tim...
Post a Comment
Read more

Tree House features as India’s Most Trusted Pre-School Brand

: Tree House Education & Accessories Limited (Tree House) , a leading educational service provider operating the largest number of branded self-operated pre-schools in India, today announced that it has been listed among the country’s most trusted educational institutes. In the first ever study conducted by TRA (formerly Trust Research Advisory), Tree House received the highest rank for any pre-school in India. Commenting on this, Mr. Rajesh Bhatia, Managing Director of Tree House, said “Over the last ten years, the Tree House team has focused on creating a high quality knowledge platform for Indian children, with the belief that education is one of life’s most important investments. It is our sincere endeavour to inspire and nurture young talent to grow and accomplish great things. This accolade of being India’s most trusted pre-school brand recognizes our commitment and accomplishments in the field of education.”  The report was based on findings from 7 million data...
Post a Comment
Read more

GJF launches monthly B2B magazine – ‘G&J Times’

Empowering members with latest Information on Gold & Jewellery trade The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, hosted an exciting 6 th edition of its signature GJF NITE 2014 amid gusto and glitter at Renaissance Hotel, Powai, Mumbai. The fun filled, entertaining and musical fashion extravaganza event, presented by R. M. Jewellery and powered by CVM, was attended by over 1500 members, industry dignitaries and foreign delegates, who used the platform to engage and network with the fellow industry people. Amid the applauding celebration, GJF announced the  launch of its monthly B2B magazine – ‘G&J Times’ on the domestic gems & jewellery business covering the latest trend, development and challenges in the industry.  The magazine was unveiled by Ms Rupa Dutta, Economic Advisor, Ministry Of Commerce, Government of Indi...
Post a Comment
Read more