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 Date | Jun 20, 2024 |
IPO Closing Date | Jun 24, 2024 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹51 - 54 per equity share |
Market Lot | 2000 Shares |
Min Order Quantity | 2000 Shares |
Listing At | BSE 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 Date | Jun 20, 2024 |
IPO Close Date | Jun 24, 2024 |
Basis of Allotment Date | Jun 25, 2024 |
Initiation of Refunds | Jun 26, 2024 |
Credit of Shares to Demat Account | Jun 26, 2024 |
IPO Listing Date | Jun 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).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 2000 | ₹108000 |
Maximum | 1 | 2000 | ₹108000 |
IPO Promoter Holding
Pre Issue Share Holding | 80.66% |
Post Issue Share Holding | 59.36% |
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