Fixed Price IPO | ₹20 Cr | Listed at NSE SME | Mon, Aug 20, 2018 - Fri, Aug 24, 2018
Dangee Dums IPO is a fixed price issue of ₹20.07 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹20.07 crore.
Dangee Dums IPO bidding started from Aug 20, 2018 and ended on Aug 24, 2018. The allotment for Dangee Dums IPO was finalized on Aug 29, 2018. The shares got listed on NSE SME on Sep 3, 2018.
Dangee Dums IPO price is ₹74 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,18,400 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,36,800.
Monarch Networth Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Monarch Networth Capital Ltd..
Refer to Dangee Dums IPO RHP for detailed Information.
IPO Open
Mon, Aug 20, 2018
IPO Close
Fri, Aug 24, 2018
Issue Price
₹74 per share
Market Cap (Pre-IPO)
₹75.96 Cr
| IPO Date | 20 to 24 Aug, 2018 |
| Listed on | Mon, Sep 3, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹74 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 27,12,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 1,36,000 shares Monarch Networth Capital Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 25,76,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 25,76,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 75,53,000 shares |
| Share Holding Post Issue | 1,02,65,000 shares |
| NSE Symbol | DANGEE |
| ISIN | INE688Y01014 |
Dangee Dums IPO comprises a total issue size of 27,12,000 shares. The net offer to the public is 25,76,000 shares, after excluding 1,36,000 shares allotted on a firm basis. Of the Net offer 12,88,000 (50.00%) allocated to NII 12,88,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,88,000 | 50.00% | 47.49% |
| Retail Shares Offered | 12,88,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,36,000 | 5.01% | |
| Total Shares Offered | 27,12,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,18,400 |
| Retail (Max) | 1 | 1,600 | ₹1,18,400 |
| HNI (Min) | 2 | 3,200 | ₹2,36,800 |
Incorporated in 2010, Ahmedabad based Dangee Dums Limited is a company engaged in the business of cakes, chocolates, and desserts.
The company manufactures the following products:
1. Cakes and Pastries
2. Designer Cake
3. Chocolates
4. Cupcakes and Ice creams
5. Other Bakery Products
Dangee Dums has recently introduced ice cream which is receiving a very good response from the customers. The
other products are Artisan Breads, Candies, Cookies, Khari Toast, Thick shakes, Softies, Savouries, and beverages.
The company has a 25000 square feet manufacturing facility in Ahmedabad. It has 87 outlets across Gujarat with 46 outlets in Ahmedabad, 23 in Surat, 12 in Vadadora, 3 each in Gandhinagar and Surat.
Dangee Dums was awarded as the "best dessert place in Ahmedabad" in Times Food Award on February 12, 2012.
The company has 254 permanent employees on its payroll.
Strengths of the Company-
1. Widespread footprint across Gujarat with 81 stores
2. Sales growth of 60% CAGR on a YoY basis
3. Established brand in Gujarat
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Existing Secured Loans | 11.00 |
| 2 | Purchase of Fixed Assets | 4.77 |
| 3 | General Corporate Expenses | 3.80 |
The Dangee Dums IPO is subscribed 63.98 times on August 24, 2018 6:25:01 PM (Day 4). The public issue subscribed 23.85 times in the retail category, [.] times in the QIB category, and 104.01 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 104.01 | 12,88,000 | 13,39,69,600 |
| Retail | 23.85 | 12,88,000 | 3,07,15,200 |
| Total | 63.98 | 25,76,000 | 16,48,11,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and Underwriting | 0.32 |
| 2 | Regulatory expenses and payment to other intermediaries, Advertisement & Marketing Expenses and other out of pocket expenses, selling commissions, brokerages | 0.18 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹74.00 |
| Open | ₹89.90 |
| Low | ₹89.50 |
| High | ₹94.35 |
| Last Trade | ₹94.35 |
Lead Manager Reports
Dangee Dums IPO is a SME IPO of 27,12,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹74 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Aug 20, 2018, and closes on Fri, Aug 24, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Dangee Dums IPO using UPI as a payment gateway. Zerodha customers can apply in Dangee Dums IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dangee Dums IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dangee Dums IPO opens on Mon, Aug 20, 2018 and closes on Fri, Aug 24, 2018.
Dangee Dums IPO lot size is 1600, and the minimum amount required for application is ₹1,18,400.
You can apply in Dangee Dums IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dangee Dums IPO will be done on Wednesday, August 29, 2018, and the allotted shares will be credited to your demat account by Fri, Aug 31, 2018. Check the Dangee Dums IPO allotment status.
The Dangee Dums IPO listing date is on Mon, Sep 3, 2018.
