Dindigul Farm Product Limited IPO
BSE SMEListed On: Jun 27, 2024 at ₹ 102.6
₹ 216000
/4000 Shares
*Min Investment
20 Jun, 2024
Open Date24 Jun, 2024
Close Date25 Jun, 2024
Allotment Date27 Jun, 2024
Listing DateDindigul Farm Product Limited IPO Issue Details
- Issue Price ₹51-54 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 64,50,000 shares(aggregating up to ₹34.83 crore)
- Fresh Share 64,50,000 shares(aggregating up to ₹34.83 crore)
- Listing at BSE SME
- List Price 102.6
- Listing Date 2024-06-27
- Lead Manager Beeline Capital Advisors Pvt Ltd
- Registrar Link Intime India Private 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 offers total 6,450,000 shares. Out of which 1,226,000 (19.01%) allocated to QIB, 920,000 (14.26%) allocated to NII,2,144,000 (33.24%) allocated to RII, NA (NA%) allocated to employees and 1,834,000 (28.43%) allocated to 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 Details
Dindigul Farm Product Limited IPO is an SME IPO, priced at ₹51-54 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 64,50,000 equity shares, aggregating up to ₹34.83 crores..
The IPO bidding window is open from Jun 20, 2024 to Jun 24, 2024. The allotment is expected to be finalized on Jun 25, 2024, and the tentative listing date is Jun 27, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,08,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,16,000.
Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.
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Dindigul Farm Product Limited IPO Subscription Analysis And Details
| 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
Dindigul Farm Product Limited Company Financials
| 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 |
About Dindigul Farm Product Limited Company
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
Pre Issue Share Holding : 80.66%
Post Issue Share Holding : 59.36%
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 Details
Dindigul Farm Product Limited
2/52-3, Pillaiyarnatham Pithalaipatty, Post, Dindigul, Dindigul,-624002
+91 94980 99930
Registrar Contact Details
Dindigul Farm Product Limited IPO - FAQs
Ans. Dindigul Farm Product Limited IPO is a SME IPO. The issue is priced at ₹51-54 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jun 20, 2024, and closes on Jun 24, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Dindigul Farm Product Limited IPO opens on Jun 20, 2024 and closes on Jun 24, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Dindigul Farm Product Limited IPO is 6,450,000 shares(aggregating up to ₹34.83 Cr).
Ans. The Dindigul Farm Product Limited IPO price band is set between ₹51-54 per equity share.
Ans. To apply for Dindigul Farm Product Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Dindigul Farm Product Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Dindigul Farm Product Limited IPO is Jun 25, 2024.
Ans. The Dindigul Farm Product Limited IPO will be listed on Jun 27, 2024.
Ans. Follow the steps to check the Dindigul Farm Product Limited IPO allotment status online.
