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Dindigul Farm Product Limited (EnNutrica ) IPO Detail

Dindigul Farm Product Limited (EnNutrica ) IPO Detail

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.

Company Promoters

R Rajasekaran, Rajadharshini Rajasekaran and Indrayani Biotech Limited.

IPO Details

IPO Opening DateJun 20, 2024
IPO Closing DateJun 24, 2024
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹51 - 54 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME
Issue Size₹34.83 Cr
Fresh Issue₹34.83 Cr
Offer for Sale-
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 0.01x 0.00x 0.00x 4.68x 10.21x 6.11x
Day 2 0.08x 0.00x 0.00x 29.79x 42.36x 27.58x
Day 3 145.62x 0.00x 0.00x 280.06x 201.44x 202.35x

IPO Tentative Timetable

The Dindigul Farm Product Limited (EnNutrica ) IPO open date is Jun 20, 2024, and the close date is Jun 24, 2024. The issue may list on Jun 27, 2024.

IPO Open DateJun 20, 2024
IPO Close DateJun 24, 2024
Basis of Allotment DateJun 25, 2024
Initiation of RefundsJun 26, 2024
Credit of Shares to Demat AccountJun 26, 2024
IPO Listing DateJun 27, 2024

IPO Lot Size

The Dindigul Farm Product Limited (EnNutrica ) IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹108000).

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹108000
Maximum12000₹108000

IPO Promoter Holding

Pre Issue Share Holding80.66%
Post Issue Share Holding59.36%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 2995.07 1840.72 -461.19
31-Mar-22 2995.07 2845.07 -420.08
31-Mar-23 2899.84 8199.34 525.79
31-Dec-23 5123.46 6876.65 588.40

Objects of the Issue:

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

Capital Expenditure

Working Capital Requirements

General Corporate Purposes

Dindigul Farm Product Limited (EnNutrica ) IPO Registrar:

Link Intime India Private Ltd

Dindigul Farm Product Limited (EnNutrica ) IPO Lead Manager(s):

Beeline Capital Advisors Pvt Ltd

Company Contact Information:

Dindigul Farm Product Limited (EnNutrica )

2/52-3, Pillaiyarnatham Pithalaipatty

Post, Dindigul,

Dindigul,-624002