Dindigul Farm IPO Details ( Dindigul Farm Product Limited IPO Review )
(20 June 2024 – 24 June 2024)
Established in 2010, Dindigul Farm Product Limited specializes in processing whole and skimmed milk to create a variety of dairy products. These include milk protein concentrates, skimmed milk powder, dairy whitener, whey protein concentrate, milk whey powder, casein, unbranded cream, butter, and fat-filled powders for infant formula.
Located on a 15-acre site in Dindigul, the company operates a state-of-the-art processing unit.
Dindigul Farm Product Limited adheres to industry standards set by FSSAI, Halal, Kosher, the Export Import Council of India, and European regulations. They also hold a registration and membership certificate from APEDA.
The company has built a robust network of over 150 village collection centers, which connects them directly with more than 4,000 farmers and 50 dairy farms.
Their products are marketed under the brand names ENNUTRICA and Activday, serving a wide range of customers across various industries.
Dindigul Farm Product Limited distributes its products in over 15 states in India and three countries internationally.
As of December 23, 2023, the company employs 101 staff members and hires additional contract workers as needed.
Dindigul Farm Product Limited IPO Competitive Strength
- Diverse product basket
- Milk procurement process
- Manufacturing Facility
- Quality Assurance and Standards
- Experienced Promoters and Management Team
Dindigul Farm IPO Financials Performance ( Results )
Dindigul Farm Product Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Borrowing |
| 31-Mar-21 | 2,995.07 | 1,840.72 | -461.19 | -1,742.64 | 2,716.23 |
| 31-Mar-22 | 2,995.07 | 2,845.07 | -420.08 | -2,162.72 | 2,579.25 |
| 31-Mar-23 | 2,899.84 | 8,199.34 | 525.79 | -1,638.46 | 2,398.37 |
| 31-Dec-23 | 5,123.46 | 6,876.65 | 588.40 | 393.94 | 2,263.87 |
Objective of Dindigul Farm IPO Issue
- Capital Expenditure
- Working Capital Requirements
- General Corporate Purposes
Dindigul Farm IPO Basic Details
| IPO Date | June 20, 2024 to June 24, 2024 |
| Listing Date | Thursday, June 27, 2024 |
| Face Value | ₹10 per share |
| Price | ₹51 to ₹54 per share |
| Lot Size | 2000 shares |
| Issue Size | 6,450,000 shares (aggregating up to ₹34.83 Cr) |
| Fresh Issue | 6,450,000 shares (aggregating up to ₹34.83 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 17,979,280 |
| Share holding post issue | 24,429,280 |
| Company Promoters | R Rajasekaran, Rajadharshini Rajasekaran and Indrayani Biotech Limited |
Dindigul Farm IPO Reservation
| Anchor Investor Shares Offered | 28.43% of the Net Issue |
| Market Maker Shares Offered | 5.05% of the Net Issue |
| QIB Shares Offered | 19.01% of the Net Issue |
| NII (HNI) Shares Offered | 14.26% of the Net Issue |
| Retail Shares Offered | 33.24% of the Net Issue |
| Total Shares Offered | 100.00% of the Net Issue |
EnNutrica IPO Timetable
EnNutrica IPO will open on June 20, 2024 and close on June 24, 2024. You can join EnNutrica IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 20 June 2024 (Thursday) |
| Closing Date | 24 June 2024 (Monday) |
| Basis of Allotment | 25 June 2024 (Tuesday) |
| Initiation of Refunds | 26 June 2024 (Wednesday) |
| Credit of Shares to Demat | 26 June 2024 (Wednesday) |
| Listing Date | 27 June 2024 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 24 June 2024 |
EnNutrica IPO Lot Size
For retail investors in EnNutrica IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹108,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹108,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| S-HNI (Min) | 2 | 4000 | ₹216,000 |
Dindigul Farm Product IPO Promoter Holding
The company’s promoters include R Rajasekaran, Rajadharshini Rajasekaran and Indrayani Biotech Limited.
| Pre Issue Share Holding | 80.66% |
| Post Issue Share Holding | 59.36% |
Dindigul Farm Product Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 131.92 |
| Earning Per Share (EPS) | ₹3.59 per Equity Share |
| Net Asset Value (NAV) | ₹-11.39 per Equity Share |
| P/E Ratio (P/E) (x) | 18.47 |
| Post P/E Ratio (P/E) (x) | 16.81 |
| Return on Net Worth (RoNW) (%) | 149.49 |
| Return on equity (ROE) (%) | -0.95 |
| Return on Capital Employed (ROCE) (%) | 0.62 |
| Debt/Equity Ratio | 4.63 |
| Price/Book Value Ratio | 23.58 |
Dindigul Farm IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹68 | – | – |
| 25 June 2024 | ₹65 | – | – |
Dindigul Farm IPO Detail Video:
link
Dindigul Farm IPO Subscription Status (Bidding Detail)
The Dindigul Farm IPO on June 24, 2024 at 6:19:05 PM was subscribed 202.35 times, with the retail category being subscribed 201.44 times, the NII (Non-Institutional Investor) category being subscribed 280.06 times, QIB (Qualified-Institutional Buyers) category being subscribed 145.62 times.
| Category | Subscription |
| QIB | 145.62x |
| NII | 280.06x |
| Retail | 201.44x |
| Total | 202.35x |
Dindigul Farm IPO Prospectus
| Dindigul Farm IPO DRHP | Download |
| Dindigul Farm IPO RHP | Download |
| Dindigul Farm IPO Anchor Investors Details PDF | Download |
Dindigul Farm IPO Rating
| Our Rating | 3.0/5.0 |
Dindigul Farm Company Contact Information
Dindigul Farm Product Limited
Registered Office: 2/52-3, Pillaiyarnatham Pithalaipatty Post, Dindigul, Tamil Nadu, India, 624002
Website: www.ennutrica.com
E-Mail: cs@ennutrica.com
Telephone No: 045 4429 0099/+91 94980 99930
Company Secretary and Compliance Officer: Mr. Gurunathan Uma Kanth Narayanan
Promoter of Our Company: R Rajasekaran, Rajadharshini Rajasekaran and Indrayani Biotech Limited
Dindigul Farm IPO Registrar
Link Intime India Private Limited
SEBI Registration Number: INR000004058
Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai, Maharashtra, India – 400083
Tel. Number: +91 810 811 4949
Fax: +91 22 4918 6195
Email Id: dindigulfarm.ipo@linkintime.co.in
Investors Grievance Id: dindigulfarm.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
CIN: U67190MH1999PTC118368
Dindigul Farm IPO Lead Manager
Beeline Capital Advisors Private Limited
SEBI Registration Number: INM000012917
Address: B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat, India.
Telephone Number: 079 4918 5784
Email Id: mb@beelinemb.com
Investors Grievance Id: ig@beelinemb.com
Website: www.beelinemb.com
Contact Person: Mr. Nikhil Shah
CIN: U67190GJ2020PTC114322
Dindigul Farm IPO FAQs
What is the lot size of Dindigul Farm IPO?
The total size of Dindigul Farm IPO is ₹34.83 crores and this is a complete fresh Issue.
When will Dindigul Farm IPO start?
Dindigul Farm IPO will open from 20 June 2024 and IPO will close on 24 June 2024.
What is the open date of Dindigul Farm IPO?
Dindigul Farm IPO will open date from 20 June 2024.
What is the last date ( close date ) of Dindigul Farm IPO?
Dindigul Farm IPO will close from 24 June 2024.
What is the price band of Dindigul Farm IPO?
Dindigul Farm IPO price band is ₹51 to ₹54. ( Upper Price Band: ₹54, Lower Price Band: ₹51 )
What is the minimum amount required to apply for Dindigul Farm IPO?
The minimum investment for retailers to apply for Dindigul Farm IPO is ₹108,000 and the maximum investment is ₹108,000.
What is going on gray market premium of Dindigul Farm IPO?
View gray market premium of Dindigul Farm IPO by Clicking Here
How much is the GMP of Dindigul Farm IPO?
Watch Dindigul Farm IPO GMP Today: Click Here
What is the allotment date of Dindigul Farm IPO?
The allotment date of Dindigul Farm IPO is 25 June 2024.
How to check allotment status in Dindigul Farm IPO?
To check the allotment status of Dindigul Farm IPO, first of all go to the registrar website by clicking here, select your bad Dindigul Farm IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Dindigul Farm IPO?
The listing date of Dindigul Farm IPO is 27 June 2024.
How much will be the listing gain in Dindigul Farm IPO?
View listing gain of Dindigul Farm IPO by Clicking Here
How much time Dindigul Farm IPO is subscribed?
Total 202.35 times subscribed in Dindigul Farm IPO out of which 201.44 times subscription was done in retail quota, 280.06 times subscription in NII quota and 145.62 times subscription in QIB quota.
How to apply for Dindigul Farm IPO from Upstox?
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