DRS Dilip Roadlines has listed on the NSE-Emerge after successful completion of its initial public offerings.
The company, a member of the DRS Group (Agarwal Packers and Movers) and one of its flagship companies, had launched its IPO on the SME platform NSE-Emerge. The IPO was open between November 27 and 30, wherein 42 lakh shares were offered to the public to raise ₹31.5 crore. The issue was oversubscribed.
The group, with a history of more than 30 years, has established itself in the logistics industry with pan-India presence. It is engaged in the business of providing logistics services, including transportation, packing and moving and leasing of warehouses. The warehousing business is primarily based in southern India.
DRS is an ISO 9001:2015 certified company for providing quality management system in the field of household relocation and logistics.
It provides services for transporting household goods in different types of closed container trucks. Its packing and moving business is carried under the brand name ‘Agarwal Packers and Movers’ — a renowned name in household relocation across the country.
It undertakes more than 40,000 relocations every year, transferring corporate and government employees and moving individual customers with the help of more than 100 self-owned branches across India.
Dayanand Agarwal, CMD of the company, said his journey started with a single vehicle to a listed company.
On Monday, Dilip Roadlines’ stock closed at ₹75.15.