Dindigul Farm Product IPO will open for subscription from 20 June 2024. The company aims for an issue size of ₹34.83 Cr through this IPO.
Company Overview
| Full name | Dindigul Farm Product Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Consumer Food |
| Company Website | https://ennutrica.com/ |
About Company
Established in 2010, Dindigul Farm Product’s main focus is processing whole milk and skimmed milk to create dairy ingredients such as milk protein concentrates, skimmed milk powder, dairy whitener, whey protein concentrate, milk whey powder, casein, unbranded cream, butter, and fat-filled powders for infant milk formula is Located in Dindigul, the company processing facility spans 15 acres.
It procures an average of about 50,000 liters per day of milk directly from farmers, and 30,000 to 100,000 liters per day of whole milk from open markets or third-party suppliers. With over 150 village collection centers, the company has direct access to more than 4,000 farmers and 50 dairy farms.
The company’s key products undergo regular testing by NABL-approved food testing labs to meet the quality standards of certifying bodies like FSSC. Marketed under the brand name ENNUTRICA, its products are sold in over 15 domestic states and 3 international countries. As of 23 December 2023, the company had 101 employees.
The Objectives of the Issue
- Capital Expenditure
- Working Capital Requirements
- General Corporate Purposes
Dindigul Farm Product IPO Timetable
| IPO Opening date | 20 June 2024 |
| IPO Closing | 24 June 2024 |
| Basis of Allotment | 25 June 2024 |
| Initiation Refund | 26 June 2024 |
| Credit to Demat Account | 26 June 2024 |
| Listing Date | 27 June 2024 |
Dindigul Farm Product IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹34.83 Cr – 6,450,000 shares |
| Fresh Issue | ₹34.83 Cr – 6,450,000 shares |
| Offer for sale | – |
| Face value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 326,000 shares |
| Shareholding pre-issue | 17,979,280 |
| Shareholding post-issue | 24,429,280 |
| Listing Exchange | BSE SME |
Dindigul Farm Product IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| HNI (Min) | 2 | 4,000 | ₹216,000 |
Dindigul Farm Product Offer Documents
Dindigul Farm Product IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,834,000 (28.43%) |
| Market Maker Shares Offered | 326,000 (5.05%) |
| QIB Shares Offered | 1,226,000 (19.01%) |
| NII (HNI) Shares Offered | 920,000 (14.26%) |
| Retail Shares Offered | 2,144,000 (33.24%) |
| Total Shares Offered | 6,450,000 (100%) |
Dindigul Farm Product Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 1 Apr – 23 Dec 2023 | |
| Revenue | 17.63 | 28.32 | 81.58 | 68.75 |
| Expenses | 23.03 | 34.35 | 76.83 | 62.88 |
| Net income | (4.61) | (4.20) | 5.26 | 5.88 |
Dindigul Farm Product Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (3.21) | (2.90) | 3.59 |
| PE ratio | – | – | 14.21 – 15.04 |
| RONW (%) | Negative | Negative | NA |
| NAV | (12.12) | (15.04) | (11.39) |
| ROCE (%) | Negative | Negative | Negative |
| EBITDA (%) | (4.76) | (5.41) | 11.37 |
| Debt/Equity | (1.23) | (0.91) | (1.21) |
Company Promoters
- R Rajasekaran
- Rajadharshini Rajasekaran
- Indrayani Biotech Limited.
Promoter Holding
| Pre Issue Share Holding | 80.66% |
| Post Issue Share Holding | 59.36% |
Dindigul Farm Product IPO GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 26 June 2024 | 68 | – | 1,05,000 |
| 25 June 2024 | 68 | – | 1,05,000 |
| 24 June 2024 | 68 | – | 1,05,000 |
| 22 June 2024 | 65 | – | 1,02,500 |
| 21 June 2024 | 70 | – | 1,06,000 |
| 20 June 2024 | 70 | – | 1,02,500 |
| 19 June 2024 | 64 | – | 98,000 |
| 18 June 2024 | 26 | – | 39,000 |
| 17 June 2024 | 26 | – | 39,000 |
Dindigul Farm Product IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 12,26,000 | 9,20,000 | 21,44,000 | 42,90,000 |
| 24 Jun 2024 | 145.62 | 207.05 | 201.44 | 188.13 |
| 21 Jun 2024 | 0.08 | 22.26 | 42.40 | 25.72 |
| 20 Jun 2024 | 0.01 | 3.46 | 10.21 | 5.68 |
Dindigul Farm Product IPO Allotment Status
Dindigul Farm IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Dindigul Farm Product IPO Listing Details
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Dindigul Farm Product IPO Listing Day Update
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Dindigul Farm Product Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath
Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat, India.
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
Dindigul Farm Product Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: dindigulfarm.ipo@linkintime.co.in
Website: www.linkintime.co.in
Dindigul Farm Product Contact Details
DINDIGUL FARM PRODUCT LIMITED
2/52-3, Pillaiyarnatham Pithalaipatty Post,
Dindigul, Tamil Nadu, India, 624002
Phone: 045 4429 0099/+91 94980 99930
E-mail: cs@ennutrica.com
Website: www.ennutrica.com
Dindigul Farm Product IPO FAQs
What is the Dindigul Farm offer size?
Dindigul Farm’s offer size is ₹ 32.90 – 34.83 crores.
What is the Dindigul Farm offer price band?
Dindigul Farm public offer price is ₹ 51 – 54 per share.
What is the lot size of the Dindigul Farm IPO?
Dindigul Farm offer a lot size is 2,000 shares.
What is Dindigul IPO GMP today?
Dindigul Farm IPO GMP today is ₹ 68 per share.
What is the Dindigul Farm kostak rate today?
Dindigul Farm kostak rate today is ₹ NA per application.
What is Dindigul Farm Subject to the Sauda rate today?
Dindigul Farm is Subject to the Sauda rate today is ₹ 1,05,000 per application.
Final thoughts
Dindigul Farm Product IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
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