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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 BSE SME on Jun 27, 2024.
Dindigul Farm Product IPO price band is set at ₹54.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,02,000 (2000 shares). The minimum lot size investment for 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 Date | June 20, 2024 to June 24, 2024 |
| Listing Date | June 27, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹51 to ₹54 per share |
| Issue Price Final | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 64,50,000 shares (aggregating up to ₹34.83 Cr) |
| Reserved for Market Maker | 3,26,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹1.76 Cr) |
| Net Offered to Public | 61,24,000 shares (aggregating up to ₹33.07 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,79,79,280 shares |
| Share Holding Post Issue | 2,44,29,280 shares |
EnNutrica IPO offers total 64,50,000 shares. Out of which 30,60,000 (47.44%) allocated to QIB, 12,26,000 (19.01%) allocated to QIB, 9,20,000 (14.26%) allocated to NII, 21,44,000 (33.24%) allocated to RII and 18,34,000 (28.43%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,26,000 (5.05%) |
| QIB Shares Offered | 30,60,000 (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 (14.26%) |
| Retail Shares Offered | 21,44,000 (33.24%) |
| Total Shares Offered | 64,50,000 (100.00%) |
Dindigul Farm Product IPO raises ₹9.90 crore from anchor investors. Dindigul Farm Product IPO Anchor bid date is June 19, 2024. Dindigul Farm Product IPO Anchor Investors list
| Bid Date | June 19, 2024 |
| Shares Offered | 18,34,000 |
| Anchor Portion Size (In Cr.) | 9.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 23, 2024 |
Dindigul Farm Product IPO opens on June 20, 2024, and closes on June 24, 2024.
| IPO Open Date | Thu, Jun 20, 2024 |
| IPO Close Date | Mon, Jun 24, 2024 |
| Tentative Allotment | Tue, Jun 25, 2024 |
| Initiation of Refunds | Wed, Jun 26, 2024 |
| Credit of Shares to Demat | Wed, Jun 26, 2024 |
| Tentative Listing Date | Thu, Jun 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jun 24, 2024 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,08,000 |
| Retail (Max) | 1 | 2,000 | ₹1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Dindigul Farm Product Limited's revenue increased by 188.19% and profit after tax (PAT) rose by 225.16% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,123.46 | 2,899.84 | 2,995.07 | 2,995.07 |
| Total Income | 6,876.65 | 8,199.34 | 2,845.07 | 1,840.72 |
| Profit After Tax | 588.40 | 525.79 | -420.08 | -461.19 |
| Net Worth | 393.94 | -1,638.46 | -2,162.72 | -1,742.64 |
| Total Borrowing | 2,263.87 | 2,398.37 | 2,579.25 | 2,716.23 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Dindigul Farm Product IPO is ₹131.92 Cr.
KPI as of Sat, Dec 23, 2023.
| KPI | Values |
|---|---|
| ROE | -0.95% |
| ROCE | 0.62% |
| Debt/Equity | 4.63 |
| RoNW | 149.49% |
| PAT Margin | 8.57% |
| Price to Book Value | 23.58 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.92 | 3.21 |
| P/E (x) | 18.47 | 16.81 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Capital Expenditure
Working Capital Requirements
General Corporate Purposes
[Dilip Davda] The company posted negative performances for FY21 and FAY22, and then marked improved performance, with streamlining its production facility, that boosted its top and bottom lines. It’s major stakeholder Indrayani Biotech is in limelight post change in management and shift in its business model. Based on annualized FY24 super earnings, the issue appears fully priced. Investors may park funds for the medium to long term. Read detail review...
| Listing Date | June 27, 2024 |
| BSE Script Code | 544201 |
| NSE Symbol | |
| ISIN | INE0S6R01027 |
| Final Issue Price | ₹54 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹102.60 |
| Low | ₹102.60 |
| High | ₹107.73 |
| Last Trade | ₹107.73 |
Dindigul Farm Product Ltd.
2/52-3, Pillaiyarnatham Pithalaipatty
Post, Dindigul,
Dindigul,-624002
Dindigul, Tamil Nadu
Phone: +91 94980 99930
Email: cs@ennutrica.com
Website: https://ennutrica.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: dindigulfarm.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Dindigul Farm Product IPO is a SME IPO of 64,50,000 equity shares of the face value of ₹10 aggregating up to ₹34.83 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on June 20, 2024, and closes on June 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 June 20, 2024 and closes on June 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 Wednesday, June 26, 2024. Check the Dindigul Farm Product IPO allotment status.
The Dindigul Farm Product IPO listing date is on Thursday, June 27, 2024.
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