Dindigul Farm Product Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 20, 2024 to June 24, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 51 to ₹ 54 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 64,50,000 shares (aggregating up to ₹ 34.83 Cr) |
| Fresh Issue | 64,50,000 shares (aggregating up to ₹ 34.83 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,79,79,280 |
| Share holding post issue | 2,44,29,280 |
| Market Maker portion | 3,26,000 shares Spread X Securities |
About Dindigul Farm Product Limited IPO
Dindigul Farm Product is primarily engaged in the processing of whole milk and skimmed milk to make 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. Their processing facility is situated at Dindigul and is spread over 15 acres. They have also obtained a registration cum membership certificate from APEDA. EnNutrica IPO is a book-built issue of Rs 34.83 crores. The issue is entirely a fresh issue of 64.5 lakh shares. EnNutrica IPO opens for subscription on June 20, 2024 and closes on June 24, 2024.
The allotment for the EnNutrica IPO is expected to be finalized on Tuesday, June 25, 2024. EnNutrica's IPO price band is set at ₹51 to ₹54 per share. The minimum lot size for an application is 2000 Shares. Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the EnNutrica IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for EnNutrica IPO is Spread X Securities.
EnNutrica IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
EnNutrica IPO Anchor Investors Details
| Bid Date | June 19, 2024 |
| Shares Offered | 1,834,000 |
| Anchor Portion Size (In Cr.) | 9.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 23, 2024 |
Company & Financials
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. The company has established a network of over 150 village collection centres, providing direct access to more than 4,000 farmers and 50 dairy farms. They market their products under the brand names ENNUTRICA, and Activ day, and currently supply to a wide number of customers from different industries. For the financial year 2022-23, they have sold products in more than 15 states domestically and 3 countries internationally. However, they aim to expand their international operations by looking to enter more ASEAN and European countries. They mainly supply products to the Dairy Industry, Food Ingredients industry, nutrition industry, dairy industry, ice cream industry, and baking industry.
Objectives of EnNutrica IPO
-
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 1. Capital Expenditure.
- 2. Working Capital Requirements.
- 3. General Corporate Purposes.
EnNutrica IPO Review
The company posted negative performances for FY21 and FY22, and then marked improved performance, by streamlining its production facility, which boosted its top and bottom lines. Its major stakeholder Indrayani Biotech is in the limelight of a change in management and a shift in its business model. Based on annualized FY24 super earnings, the issue appears fully priced. Investors may park funds for the medium to long term.
Dindigul Farm Product Limited IPO Financial Information
Latest Revenue
6,876.65
₹ Crore
Profit After Tax
588.40
₹ Crore
Net Worth
393.94
₹ Crore
Total Borrowing
2,263.87
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 5,123.46 | 6,876.65 | 588.40 | 393.94 | 2,263.87 | ||||
| 31 Mar 2023 | 2,899.84 | 8,199.34 | 525.79 | 1,638.46 | 2,398.37 | ||||
| 31 Mar 2022 | 2,995.07 | 2,845.07 | -420.08 | -2,162.72 | 2,579.25 | ||||
| 31 Mar 2021 | 2,995.07 | 1,840.72 | -461.19 | -1,742.64 | 2,716.23 | ||||
| Amount in ₹ Crore | |||||||||
Dindigul Farm Product Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | -0.95% |
| ROCE | 0.62% |
| Debt/Equity | 4.63 |
| RoNW | 149.49% |
| P/BV | 23.58 |
| PAT Margin (%) | 8.57 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.92 | 3.21 |
| P/E (x) | 18.47 | 16.81 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
1. Capital Expenditure.
2. Working Capital Requirements
3. General Corporate Purposes.
Download regulatory filings
Dindigul Farm Product Limited IPO Timeline
| IPO Open Date | Thursday, June 20, 2024 |
| IPO Close Date | Monday, June 24, 2024 |
| Basis of Allotment | Tuesday, June 25, 2024 |
| Initiation of Refunds | Wednesday, June 26, 2024 |
| Credit of Shares to Demat | Wednesday, June 26, 2024 |
| Listing Date | Thursday, June 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 24, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| HNI (Min) | 2 | 4,000 | ₹216,000 |