Bookbuilding IPO | ₹35 Cr | Listed at BSE SME | Thu, Jun 20, 2024 - Mon, Jun 24, 2024
Dindigul Farm Product IPO is a book build issue of ₹34.83 crores. The issue is entirely a fresh issue of 0.65 crore shares of ₹34.83 crore.
Dindigul Farm Product IPO bidding started from Jun 20, 2024 and ended on Jun 24, 2024. The allotment for Dindigul Farm Product IPO was finalized on Jun 25, 2024. The shares got listed on the BSE SME on Jun 27, 2024.
Dindigul Farm Product IPO is set final issue price at ₹54 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,16,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Dindigul Farm Product IPO RHP for detailed Information.
IPO Open
Thu, Jun 20, 2024
IPO Close
Mon, Jun 24, 2024
Issue Price
₹54 per share
Market Cap (Pre-IPO)
₹131.92 Cr
| IPO Date | 20 to 24 Jun, 2024 |
| Listed on | Thu, Jun 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 64,50,000 shares (agg. up to ₹35 Cr) |
| Reserved for Market Maker | 3,26,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 61,24,000 shares (agg. up to ₹33 Cr) |
| Net Offered to Public | 61,24,000 shares (agg. up to ₹33 Cr) |
| Share Holding Pre Issue | 1,79,79,280 shares |
| Share Holding Post Issue | 2,44,29,280 shares |
| BSE Script Code | 544201 |
| ISIN | INE0S6R01027 |
Dindigul Farm Product IPO comprises a total issue size of 64,50,000 shares. The net offer to the public is 61,24,000 shares, after excluding 3,26,000 shares allotted on a firm basis. Of the Net offer 30,60,000 (49.97%) are allocated to QIB, 9,20,000 (15.02%) allocated to NII 21,44,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,60,000 | 49.97% | 47.44% |
| − Anchor Investor Shares Offered | 18,34,000 | 28.43% | |
| − QIB (Ex. Anchor) Shares Offered | 12,26,000 | 19.01% | |
| NII (HNI) Shares Offered | 9,20,000 | 15.02% | 14.26% |
| Retail Shares Offered | 21,44,000 | 35.01% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,26,000 | 5.05% | |
| Total Shares Offered | 64,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,08,000 |
| Retail (Max) | 1 | 2,000 | ₹1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹2,16,000 |
Dindigul Farm Product IPO raises ₹9.90 crore from anchor investors. Dindigul Farm Product IPO Anchor bid date is June 19, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jun 19, 2024 |
| Shares Offered | 18,34,000 |
| Anchor Portion (₹ Cr.) | 9.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jul 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Sep 23, 2024 |
Incorporated in 2010, Dindigul Farm Product Limited processes whole milk and skimmed milk to produce various dairy ingredients, including 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 follows and complies with the requirements of various relevant authorities in the industry, such as FSSAI, Halal, Kosher, Export Import Council of India, and Europe Regulations in respect of certain of our products. We have also obtained a registration cum membership certificate from APEDA.
The company has established a network of over 150 village collection centers, providing direct access to more than 4,000 farmers and 50 dairy farms.
The company sells its products under the brand names ENNUTRICA and Activday, and it currently serves a broad range of customers across various industries.
The company has sold its products in over 15 states within the country and 3 countries internationally.
As of December 23, 2023, the company had 101 employees, and they had also employed contractual labourers based on business requirements.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 51.23 | 29.00 | 29.95 | 29.95 |
| Total Income | 68.77 | 81.99 | 28.45 | 18.41 |
| Profit After Tax | 5.88 | 5.26 | -4.20 | -4.61 |
| NET Worth | 3.94 | -16.38 | -21.63 | -17.43 |
| Total Borrowing | 22.64 | 23.98 | 25.79 | 27.16 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure | 12.12 |
| 2 | Working Capital Requirements | 13.84 |
| 3 | General Corporate Purposes | 5.67 |
| 4 | Public Issue Expenses | 3.20 |
| KPI | Dec 23, 2023 |
|---|---|
| ROE | -95 |
| ROCE | 62 |
| Debt/Equity | 4.63 |
| RoNW | 149.36 |
| PAT Margin | 8.57% |
| EBITDA Margin | 13.60% |
| Price to Book Value | 23.58 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.92 | 3.21 |
| P/E (x) | 18.47 | 16.81 |
| Promoter Holding | 80.66% | 59.36% |
| Market Cap | ₹131.92 Cr. |
The EnNutrica IPO is subscribed 202.35 times on June 24, 2024 6:19:05 PM (Day 3). The public issue subscribed 201.44 times in the retail category, 145.62 times in the QIB category, and 280.06 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 145.62 | 12,26,000 | 17,85,26,000 |
| NII* | 280.06 | 9,20,000 | 25,76,54,000 |
| Retail | 201.44 | 21,44,000 | 43,18,94,000 |
| Total | 202.35 | 42,90,000 | 86,80,74,000 |
Total Application : 2,67,572
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.26 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 6 | Fees payable to Peer Review Auditor | 0.03 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 2.44 |
| 9 | Escrow Bank Fees | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹102.60 |
| Low | ₹102.60 |
| High | ₹107.73 |
| Last Trade | ₹107.73 |
Lead Manager Reports
Dindigul Farm Product IPO is a SME IPO of 64,50,000 equity shares of the face value of ₹10 aggregating up to ₹35 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Jun 20, 2024, and closes on Mon, Jun 24, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Dindigul Farm Product IPO using UPI as a payment gateway. Zerodha customers can apply in Dindigul Farm Product IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dindigul Farm Product IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dindigul Farm Product IPO opens on Thu, Jun 20, 2024 and closes on Mon, Jun 24, 2024.
Dindigul Farm Product IPO lot size is 2000, and the minimum amount required for application is ₹1,08,000.
You can apply in Dindigul Farm Product 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 Dindigul Farm Product IPO will be done on Tuesday, June 25, 2024, and the allotted shares will be credited to your demat account by Wed, Jun 26, 2024. Check the Dindigul Farm Product IPO allotment status.
The Dindigul Farm Product IPO listing date is on Thu, Jun 27, 2024.
