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 its products. The company has also obtained a registration 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 laborer’s based on business requirements.
Dindigul Farm Product IPO – Details
| IPO Opening Date | 20 June 2024 |
| IPO Closing Date | 24 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 64,50,000 Shares Worth ₹34.83 Crore Fresh Issue: 64,50,000 Shares Worth ₹34.83 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 – ₹54 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Dindigul Farm Product IPO – Date Schedule
| IPO Open Date | 20 June 2024 |
| IPO Close Date | 24 June 2024 |
| Basis of Allotment | 25 June 2024 |
| Initiation of Refund | 26 June 2024 |
| Credit of Shares to Demat Account | 26 June 2024 |
| IPO Listing Date | 27 June 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 24, 2024 |
Dindigul Farm Product IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | ₹1,08,000 |
| Retail (Maximum) | 1 | 2000 | ₹1,08,000 |
| HNI (Minimum) | 2 | 4000 | ₹2,16,000 |
Competitive Strengths
- Diverse product basket.
- Milk procurement process.
- State of the art infrastructure.
- Experienced Promoters and Management Team.
Company Promoters
- R Rajasekaran
- Rajadharshini Rajasekaran
- Indrayani Biotech Limited
Object Of The Issue
- Capital Expenditure.
- Working Capital Requirements.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 18.40 | 23.02 | -4.61 | 27.16 |
| 31 March 2022 | 28.45 | 34.34 | -4.20 | 25.79 |
| 31 March 2023 | 81.99 | 76.82 | 5.25 | 23.98 |
| 23 December 2023 | 68.76 | 62.87 | 5.88 | 22.63 |
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 |
Dindigul Farm Product IPO Promoter Holding
| Pre Issue Share Holding | 80.66% |
| Post Issue Share Holding | 59.36% |
Dindigul Farm Product IPO Prospectus
Company Contact Information
| Dindigul Farm Product Limited 2/52-3, Pillaiyarnatham Pithalaipatty Post, Dindigul, Dindigul,-624002 Phone: +91 94980 99930 Email: cs@ennutrica.com Website: https://ennutrica.com/ |
Dindigul Farm Product IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: dindigulfarm.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Dindigul Farm Product IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Dindigul Farm Product IPO FAQs
| What is Dindigul Farm Product IPO? Dindigul Farm Product IPO is a SME IPO. The issue is priced at ₹51 – ₹54 per equity share. The IPO is to be listed on BSE SME. |
| When Dindigul Farm Product IPO will open? The IPO is to open on 20 June 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Dindigul Farm Product IPO? You can apply for Dindigul Farm Product IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Dindigul Farm Product IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Dindigul Farm Product”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Dindigul Farm Product IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Dindigul Farm Product”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Dindigul Farm Product IPO Size? Dindigul Farm Product IPO size is ₹34.83 crores. |
| What is Dindigul Farm Product IPO Price Band? Dindigul Farm Product IPO Price Band is ₹51 – ₹54. |
| What is Dindigul Farm Product IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,08,000 amount while the maximum bid is 2000 shares with ₹1,08,000. |
| What is the Dindigul Farm Product IPO Allotment Date? Dindigul Farm Product IPO allotment date is 25 June 2024. |
| What is the Dindigul Farm Product IPO Listing Date? Dindigul Farm Product IPO listing date is 27 June 2024. The IPO is to list on BSE SME. |
