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Tasty Dairy Specialities IPO is a fixed price issue of ₹24.44 crores. The issue is entirely a fresh issue of 0.54 crore shares of ₹24.44 crore.
Tasty Dairy Specialities IPO bidding started from Feb 7, 2018 and ended on Feb 12, 2018. The shares got listed on BSE SME on Feb 21, 2018.
Tasty Dairy Specialities IPO price is ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Mark Corporate Advisors Pvt.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 NNM Securities Pvt.Ltd..
Refer to Tasty Dairy Specialities IPO RHP for detailed Information.
| IPO Date | February 7, 2018 to February 12, 2018 |
| Listing Date | February 21, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 54,30,000 shares (aggregating up to ₹24.44 Cr) |
| Reserved for Market Maker | 2,76,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹1.24 Cr) |
| Net Offered to Public | 51,54,000 shares (aggregating up to ₹23.19 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,04,30,000 shares |
Tasty Dairy Specialities IPO offers total 54,30,000 shares. Out of which 25,77,000 (47.46%) allocated to NII, 25,77,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,76,000 (5.08%) |
| NII (HNI) Shares Offered | 25,77,000 (47.46%) |
| Retail Shares Offered | 25,77,000 (47.46%) |
| Total Shares Offered | 54,30,000 (100.00%) |
Tasty Dairy Specialities IPO opens on February 7, 2018, and closes on February 12, 2018.
| IPO Open Date | Wed, Feb 7, 2018 |
| IPO Close Date | Mon, Feb 12, 2018 |
| Tentative Listing Date | Wed, Feb 21, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Feb 12, 2018 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Incorporated in 1992, Tasty Dairy Specialities Ltd is engaged in processing milk, along with bulk milk procurement and handling during season time which primarily caters to bulk and marquee institutional customers. Company is further involved in value added milk products like Skimmed Milk Powder, Butter, Ghee, Dairy Whitener, Concentrated Milk etc.
They have wide range of quality dairy products which includes Pasteurized Liquid Milk, Cream, Butter (White/Salted), Pure Desi Ghee (Clarified Butter), Paneer (Fresh Cottage Cheese), Skimmed Milk Powder, Full Cream Milk Powder, Dairy Whitener, Instant Gulab Jamun Mix, Peda (an Indian Sweet), Mithai Powder etc. Thhey are packaged under the brand names “UJJWAL”, “SHIKHAR”, “VERIFRESH”, "CIMA", "MITHAI MASTER" and are available in Uttar Pradesh, Madhya Pradesh and Bihar,
Currently they process approximately 5,00,000 litres of raw milk which comprises of 1,60,000 litres of milk packaging, 20,000 litres of buttermilk packaging, 2,20,000 Litres of Skimmed Milk Powder and Ghee and 2,00,000 litres of bulk milk processing.
Company's customer base includes Delhi Milk scheme (a Central Government of India Organisation), Mother Dairy (wholly owned subsidiary of the National Dairy Development Board (NDDB)), Parle Products, Sterling Agro Industries Limited, Kwality Dairy Limited, Perfetti Van Melle etc.
The Company Tasty Dairy Specialities IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet Working Capital requirements | 27.50 |
| 2 | To meet General Corporate Purposes | 0.50 |
[Dilip Davda] <p>Although dairy business is having bright prospects going ahead, this company is likely to face stiff competition from other mega players. Its inconsistent performance raises concern. Considering fully priced offer, one may consider it for long term investment.</p> Read detail review...
| Listing Date | February 21, 2018 |
| BSE Script Code | 540955 |
| NSE Symbol | |
| ISIN | INE773Y01014 |
| Final Issue Price | ₹45 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹50.75 |
| Low | ₹48.25 |
| High | ₹52.45 |
| Last Trade | ₹48.35 |
Tasty Dairy Specialities Ltd.
D - 3,
UPSIDC Industrial Area,
Jainpur
Kanpur Dehat, Uttar Pradesh, 209311
Phone: + 91 512 7107777
Email: info@tastydairy.com
Website: http://www.tastydairy.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Tasty Dairy Specialities IPO is a SME IPO of 54,30,000 equity shares of the face value of ₹10 aggregating up to ₹24.44 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on February 7, 2018, and closes on February 12, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Tasty Dairy Specialities IPO using UPI as a payment gateway. Zerodha customers can apply in Tasty Dairy Specialities IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tasty Dairy Specialities IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tasty Dairy Specialities IPO opens on February 7, 2018 and closes on February 12, 2018.
Tasty Dairy Specialities IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Tasty Dairy Specialities 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 Tasty Dairy Specialities IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tasty Dairy Specialities IPO allotment status.
The Tasty Dairy Specialities IPO listing date is on Wednesday, February 21, 2018.
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