Dindigul Farm Product Limited SME IPO
Issue Size (Net)
up to ₹ 34.83 Cr
Price Band
₹ 51.00-54.00 per share
Issue Opens
Jun 20, 2024
Issue Closes
June 24, 2024
Company Information
Dindigul Farm Product Limited was established in September 2010 and is mainly engaged in the processing of whole milk and skimmed milk into dairy ingredients such as milk protein concentrates, skimmed milk powder, milk white, whey protein concentrate, milk whey powder, casein, unbranded cream, butter and fat-filled powder for infant formula. They also follow and fulfil the requirements of various relevant authorities in their industry like FSSAI, Halal, Kosher, Export Import Council of India, Europe Regulations in respect of certain of their products.
It’s procurement operations consist of an average procurement of approximately 50,000 litres of milk per day directly from farmers and approximately 30,000-1,00,000 litres of whole milk per day from open market or third party vendors. At the time of writing the RHP, they have established a network of more than 150 village collection points that have direct access to more than 4,000 farmers and more than 50 dairy farms. They buy whole milk either directly from the farmers or via third-party suppliers. We purchase skimmed milk from third-party suppliers, mainly from their group company A R Dairy Food Private Limited.
They market their products under the brand name ENNUTRICA, Activday and currently supply a large number of customers from various industries. In FY 2022-23, the company has sold products in more than 15 states domestically and 3 countries abroad. However, the company is looking to expand its international operations by reaching out to more ASEAN and European countries. The company mainly supplies products to the dairy industry, food ingredient industry, nutrition industry, dairy industry, ice cream industry and bakery industry.
EnNutrica SME IPO Strengths
- Diverse product basket.
- Milk procurement process.
- Manufacturing facility.
- Quality assurance and standards.
- Experienced promoters and management team.
EnNutrica SME IPO Objective
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Capital Expenditure
- Working Capital Requirements
- General Corporate Purposes
Dindigul Farm Product Limited Financial Information (Restated Consolidated)
Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|---|
Assets | 5,123.46 | 2,899.84 | 2,995.07 | 2,995.07 |
Revenue | 6,876.65 | 8,199.34 | 2,845.07 | 1,840.72 |
Profit After Tax | 588.40 | 525.79 | -420.08 | -461.19 |
Net Worth | 393.94 | -1,638.46 | -2,162.72 | -1,742.64 |
Total Borrowing | 2,263.87 | 2,398.37 | 2,579.25 | 2,716.23 |
Amount in ₹ Lakhs |
Dindigul Farm Product Limited Day-wise IPO GMP Trend
GMP Date | IPO Price | GMP Movement | Estimated Listing Price | Last Updated |
---|---|---|---|---|
27-06-2024 Listing | 54.00 | ₹68 – No Change | ₹122 (125.93%) | 27-Jun-2024 10:30 |
26-06-2024 | 54.00 | ₹68 – No Change | ₹122 (125.93%) | 26-Jun-2024 11:58 |
25-06-2024 Allotment | 54.00 | ₹68 – No Change | ₹122 (125.93%) | 25-Jun-2024 12:26 |
24-06-2024 Close | 54.00 | ₹68 – No Change | ₹122 (125.93%) | 24-Jun-2024 10:30 |
23-06-2024 | 54.00 | ₹68 – No Change | ₹122 (125.93%) | 24-Jun-2024 0:32 |
22-06-2024 | 54.00 | ₹68 – No Change | ₹122 (125.93%) | 23-Jun-2024 0:24 |
21-06-2024 | 54.00 | ₹68 – Up | ₹122 (125.93%) | 22-Jun-2024 0:23 |
20-06-2024 Open | 54.00 | ₹65 – Down | ₹119 (120.37%) | 20-Jun-2024 12:27 |
19-06-2024 | 54.00 | ₹70 – Up | ₹124 (129.63%) | 19-Jun-2024 11:24 |
18-06-2024 | 54.00 | ₹64 – Up | ₹118 (118.52%) | 18-Jun-2024 10:01 |
17-06-2024 | 54.00 | ₹45 – Up | ₹99 (83.33%) | 17-Jun-2024 10:56 |
16-06-2024 | 54.00 | ₹27 – Up | ₹81 (50%) | 17-Jun-2024 0:27 |
15-06-2024 | 54.00 | ₹25 – Up | ₹79 (46.3%) | 16-Jun-2024 0:23 |
14-06-2024 | 54.00 | ₹0 – No Change | ₹54 (0%) | 15-Jun-2024 0:32 |
Dindigul Farm Product Limited SME IPO Details
SME IPO Issue Opening Date: | June 20, 2024 |
SME IPO Issue Closing Date: | June 24, 2024 |
SME IPO Issue Price: | ₹51.00-54.00 Per Share |
Face Value | ₹10 Per Equity Share |
Lot Size | 2000 Shares |
Issue Size | ₹34.83 Cr |
Fresh Issue | ₹34.83 Cr |
Issue Type | Book Build Issue |
IPO Listing At: | BSE SME |
Dindigul Farm Product Limited SME IPO Timeline (Tentative Schedule)
Event | Tentative Date |
---|---|
Opening Date | 20th Jun 2024 |
Closing Date | 24th Jun 2024 |
Basis of Allotment | 25th Jun 2024 |
Initiation of Refunds | 26th Jun 2024 |
Credit of Shares to Demat | 26th Jun 2024 |
Listing Date | 27th Jun 2024 |