Dindigul Farm Product Limited IPO
Dindigul Farm Product Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹51–₹54 per share. The stock debuted at ₹102.6, delivering a listing gain of 90.0%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,08,000.
Dindigul Farm Product Limited IPO
- IPO Dates
- Jun 20, 2024 – Jun 24, 2024
- Price band
- ₹51-54 per equity share
- Minimum Investment
- ₹1,08,000
- Issue size
- ₹34.83 Cr
- Lot size
- 2000
- Allotment Date
- Jun 25, 2024
- Listing
- Jun 27, 2024
- Listing At
- BSE SME
IPO timeline
-
Jun 20, 2024
Open Date
Completed
-
Jun 24, 2024
Close Date
Completed
-
Jun 25, 2024
Allotment Date
Completed
-
Jun 27, 2024
Listing Date
Completed
Dindigul Farm Product Limited IPO Essentials
Dindigul Farm Product Limited IPO Details
Dindigul Farm Product Limited IPO is priced at ₹51-54 per share with a total issue size of 34.83 crore. The IPO has a lot size of 2000 shares and is listed on BSE SME.
- Issue price
- ₹51-54 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,450,000 shares(aggregating up to ₹34.83 Cr)
- Total issue size
- 64,50,000 shares
(aggregating up to ₹34.83 crore) - Fresh issue
- 64,50,000 shares
(aggregating up to ₹34.83 crore) - Listing at
- BSE SME
- List price
- 102.6
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Beeline Capital Advisors Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,08,000 |
| Retail(max) | 1 | 2000 | ₹1,08,000 |
| NII (min) | 2 | 4000 | ₹2,16,000 |
Dindigul Farm Product Limited IPO Reservation
Dindigul Farm Product Limited IPO reservation details show category-wise allocation of shares. Out of the total 6,450,000 shares, approximately 19.01% are reserved for QIB, 14.26% for NII, 33.24% for retail investors, 5.05% for market maker, and 28.43% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| 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 Limited IPO Analytics
Dindigul Farm Product Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Dindigul Farm Product Limited IPO Subscription Status
Dindigul Farm Product Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,226,000 / 920,000 | 2,144,000 | 4,290,000 |
|
Day 1
20-06-24 06:00 PM
|
(0.01 / 4.68) x | 10.21 x | 6.11 x |
|
Day 2
21-06-24 06:00 PM
|
(0.08 / 29.79) x | 42.36 x | 27.58 x |
|
Day 3
24-06-24 06:00 PM
|
(145.62 / 207.05*) x | 201.44 x | 188.13 x |
Dindigul Farm Product Limited Valuations
Earnings
- EPS Pre IPO
- ₹2.92/-
- EPS Post IPO
- ₹3.21/-
- P/E Pre IPO
- 18.47
- P/E Post IPO
- 16.81
Returns
- ROE
- -0.95%
- ROCE
- 0.62%
- RoNW
- 149.49%
- PAT Margin
- 8.57
Fundamentals
- Debt / Equity
- 4.63
- Price / Book
- 23.58
Dindigul Farm Product Limited Financials( In Lakhs)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 2,899.84 | 2,995.07 | 2,995.07 |
| Revenue | 8,199.34 | 2,845.07 | 1,840.72 |
| Profit After Tax | 525.79 | -420.08 | -461.19 |
Dindigul Farm Product Limited Company & Offer Insights
About Dindigul Farm Product Limited
Incorporated in 2010, Dindigul Farm Product Limited manufactures dairy ingredients such as whole milk and skimmed milk. The products include 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.
The company has a processing unit in Dindigul that covers an area of 15 acres.
Dindigul Farm Product Limited adheres to and complies with the various requirements of relevant authorities in the industry, including FSSAI, Halal, Kosher, Export Import Council of India, and Europe Regulations in respect of certain of our products. We have also received a registration cum membership certificate from APEDA.
It has established over 150 village collection centers and thereby has a direct reach to over 4,000 farmers and 50 dairy farms.
It sells its products under the brand names ENNUTRICA and Activday. currently caters to a very wide range of customers coming from various industries.
Products have been sold in over 15 states within the country and 3 internationally.
The company, as of December 23, 2023, had 101 employees. Besides that, contractual labourers had been employed according to the needs of the business.
Dindigul Farm Product Limited Promoter(s)
R Rajasekaran, Rajadharshini Rajasekaran, Indrayani Biotech Limited are the company's promoters of Dindigul Farm Product Limited.
Dindigul Farm Product Limited IPO Issue Objectives
- •
- Capital Expenditure
- •
- Working Capital Requirements
- •
- General Corporate Purposes
Dindigul Farm Product Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Dindigul Farm Product Limited | N/A | 3.59 | -11.39 | N/A | N/A | N/A | Standalone |
| Dodla Dairy Limited | N/A | 15.84 | 148.44 | 29.36 | 10.76 | 3.13 | Standalone |
| Parag Milk Foods Ltd | N/A | 6.34 | 69.81 | 11.55 | 8.37 | 1.05 | Standalone |
| Modern Dairies Ltd. | N/A | 5.21 | -41.06 | 3.61 | -12.64 | -0.46 | Standalone |
Notes:
- P/E Ratio has been computed based on the closing market price of equity shares on the NSE and BSE on March 31, 2023, divided by the Basic EPS.
- RoNW is computed as net profit after tax divided by the closing net worth, which has been computed as the sum of share capital, reserves, and surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Contact Information
Contact Details
Dindigul Farm Product Limited
+91 94980 99930
2/52-3, Pillaiyarnatham Pithalaipatty, Post, Dindigul, Dindigul,-624002
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Dindigul Farm Product Limited IPO is a book-built IPO worth ₹34.83 crore. The price band is ₹51–₹54 per share. The IPO opens on Jun 20, 2024 and closes on Jun 24, 2024. It will be listed on BSE SME Platform. Link Intime India Private Ltd is the registrar.
The price band of Dindigul Farm Product Limited IPO is ₹51 to ₹54 per share.
The lot size of Dindigul Farm Product Limited IPO is 2000 shares.
The minimum investment for Dindigul Farm Product Limited IPO is approximately ₹1,08,000 based on the upper price band .
Dindigul Farm Product Limited IPO opens on Jun 20, 2024 and closes on Jun 24, 2024.
The allotment date of Dindigul Farm Product Limited IPO is Jun 25, 2024.
Dindigul Farm Product Limited IPO is expected to be listed on Jun 27, 2024, on BSE SME Platform.
Dindigul Farm Product Limited IPO valuation snapshot: P/E 16.81, EPS ₹3.21/-, P/B 23.58, RoNW 149.49%, and market cap N/A.
To apply for Dindigul Farm Product Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Dindigul Farm Product Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Dindigul Farm Product Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Dindigul Farm Product Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Dindigul Farm Product Limited IPO allotment status on IPO Ji for quick and easy access.