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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 ₹74.00 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). The minimum lot size investment for 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 Date | August 20, 2018 to August 24, 2018 |
| Listing Date | September 3, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹74 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,12,000 shares (aggregating up to ₹20.07 Cr) |
| Reserved for Market Maker | 1,36,000 shares Monarch Networth Capital Ltd. (aggregating up to ₹1.01 Cr) |
| Net Offered to Public | 25,76,000 shares (aggregating up to ₹19.06 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 75,53,000 shares |
| Share Holding Post Issue | 1,02,65,000 shares |
Dangee Dums IPO offers total 27,12,000 shares. Out of which 12,88,000 (47.49%) allocated to NII, 12,88,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,36,000 (5.01%) |
| NII (HNI) Shares Offered | 12,88,000 (47.49%) |
| Retail Shares Offered | 12,88,000 (47.49%) |
| Total Shares Offered | 27,12,000 (100.00%) |
Dangee Dums IPO opens on August 20, 2018, and closes on August 24, 2018.
| IPO Open Date | Mon, Aug 20, 2018 |
| IPO Close Date | Fri, Aug 24, 2018 |
| Tentative Allotment | Wed, Aug 29, 2018 |
| Initiation of Refunds | Thu, Aug 30, 2018 |
| Credit of Shares to Demat | Fri, Aug 31, 2018 |
| Tentative Listing Date | Mon, Sep 3, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 24, 2018 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 4,367.23 | 2,716.77 | 1,552.91 | 845.43 | 309.28 | |
| Total Revenue | 3,657.86 | 1,996.12 | 1,153.12 | 598.39 | 295.34 | |
| Profit After Tax | 154.77 | 90.52 | (513.16) | (288.03) | (127.59) | |
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | ||||||
| Total Assets | 2,716.49 | |||||
| Total Revenue | 1996.12 | |||||
| Profit After Tax | 90.50 | |||||
The objects of the issue are-
1. Repayment of Existing Secured Loans
2. Purchase of Fixed Assets
3. General Corporate Expense
4. Issue Expenses
[Dilip Davda] <p>Company’s top line has shown gradual increase with bottom line too marking some improvement. Thanks to hefty premiums kitty that is saving it from negative book value. Based on its spread across Gujarat and the product basket, outlook appears fairly promising. But being fully priced issue, risk savvy investors may consider investment at their own risk.</p> Read detail review...
| Listing Date | September 3, 2018 |
| BSE Script Code | |
| NSE Symbol | DANGEE |
| ISIN | INE688Y01014 |
| Final Issue Price | ₹74 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹74.00 |
| Open | ₹89.90 |
| Low | ₹89.50 |
| High | ₹94.35 |
| Last Trade | ₹94.35 |
Dangee Dums Ltd.
4/A, Ketan Society,
Nr. Sardar Patel Colony,
Naranpura,
Ahmedabad, Gujarat, 380014
Phone: 079-27681878
Email: cs@dangeedums.com
Website: http://www.dangeedums.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Dangee Dums IPO is a SME IPO of 27,12,000 equity shares of the face value of ₹10 aggregating up to ₹20.07 Crores. The issue is priced at ₹74 per share. The minimum order quantity is 1600.
The IPO opens on August 20, 2018, and closes on August 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 August 20, 2018 and closes on August 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 Friday, August 31, 2018. Check the Dangee Dums IPO allotment status.
The Dangee Dums IPO listing date is on Monday, September 3, 2018.
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