Fixed Price IPO | ₹24 Cr | Listed at BSE SME | Wed, Feb 7, 2018 - Mon, Feb 12, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Feb 7, 2018
IPO Close
Mon, Feb 12, 2018
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹91.94 Cr
| IPO Date | 7 to 12 Feb, 2018 |
| Listed on | Wed, Feb 21, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 54,30,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 2,76,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 51,54,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 51,54,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,04,30,000 shares |
| BSE Script Code | 540955 |
| ISIN | INE773Y01014 |
Tasty Dairy Specialities IPO comprises a total issue size of 54,30,000 shares. The net offer to the public is 51,54,000 shares, after excluding 2,76,000 shares allotted on a firm basis. Of the Net offer 25,77,000 (50.00%) allocated to NII 25,77,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 25,77,000 | 50.00% | 47.46% |
| Retail Shares Offered | 25,77,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,76,000 | 5.08% | |
| Total Shares Offered | 54,30,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| 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 | To meet Working Capital requirements | 27.50 |
| 2 | To meet General Corporate Purposes | 0.50 |
The Tasty Dairy Specialities IPO is subscribed 97.96 times on February 12, 2018 5:00:00 PM (Day 4). The public issue subscribed 40.6 times in the retail category, [.] times in the QIB category, and 155.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 155.32 | 25,77,000 | 40,02,63,000 |
| Retail | 40.6 | 25,77,000 | 10,46,28,000 |
| Total | 97.96 | 51,54,000 | 50,48,91,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Legal Advisors, Registrars, Bankers, etc | 0.79 |
| 2 | Regulatory Fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.60 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹50.75 |
| Low | ₹48.25 |
| High | ₹52.45 |
| Last Trade | ₹48.35 |
Lead Manager Reports
Tasty Dairy Specialities IPO is a SME IPO of 54,30,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Feb 7, 2018, and closes on Mon, Feb 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 Wed, Feb 7, 2018 and closes on Mon, Feb 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 Wed, Feb 21, 2018.
