Dindigul farm product IPO details IPO Date, Price, GMP, Review, Details

Dindigul farm product IPO Allotment Status Online

Dindigul farm product IPO Details Today : Dindigul farm product IPO Details Today is Open on 20 June 2024 and Close on 24 June 2024. Dindigul farm product IPO to Raise 6,450,000 shares (Approx ₹34.83 Cr) via IPO. The Fresh issue of 6,450,000 shares (Approx ₹34.83 Cr). 

we are primarily engaged in 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. Our processing facility is situated at Dindigul and is spread over 15 acres.

Our management system has been assessed and determined to comply with the requirements of FSSC 22000. We also follow and comply with requirements of various relevant authorities in our industry such as FSSAI, Halal, Kosher, Export Import Council of India, Europe Regulations in respect of certain of our products. We have also obtained registration cum membership certificate from APEDA.

Our procurement operations consist of an average procurement of approximately 50,000 litres per day of milk directly from farmers and around 30,000-1,00,000 litres per day of whole milk from open market or third-party suppliers. we have built a network of more than 150 village collection centers, with direct access to more than 4,000 farmers and more than 50 dairy farms.

We procure whole milk either directly from the farmers and through third party suppliers. The skimmed milk is procured by us from third party suppliers, majorly from our Group Company A R Dairy Food Private Limited. We currently manufacture a variety of products. brand name “ENNUTRICA” and ActivDay and our Milk Protein Concentrates, Casein, Skimmed Milk powder, Whey Powder, Dairy Whitener and Sodium Caseinates are mainly used in nutrition industry, dairy industry, ice cream industry and baking industry.

Dindigul farm product IPO Date & Price Band Details

IPO Open Date 20 June 2024
IPO Close Date 24 June 2024
IPO Size 6,450,000 shares (Approx ₹34.83 ]Cr)
Fresh Issue 6,450,000 shares (Approx ₹34.83 Cr)
Lot Size 2000 Share Per Lot
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹51 to ₹54 Per Every Share
IPO Listing On BSE SME
IPO Retail Quota 35%
IPO QIB Quota 50%
IPO NII Quota 15%
DRHP Draft Click Here
Anchor Investor Click Here

Dindigul farm product IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 2000 ₹108,000
Retail Maximum 1 2000 ₹108,000
S-HNI Minimum 2 4000 ₹216,000

Object of the Issue

1. Capital Expenditure.
2. Working Capital Requirements.
3. General Corporate Purposes.

Dindigul farm product IPO Allotment & Listings (Details)

IPO Open Date 20 June 2024
IPO Close Date 24 June 2024
Basis of Allotment 25 June 2024
Refunds 26 June 2024
Credit to Demat Account 26 June 2024
IPO Listing Date 27 June 2024

Dindigul farm product Financial Reports

₹ in Crores
Year Revenue Expense PAT
Dec 2023 ₹68.77 ₹62.88 ₹5.89
2023 ₹81.99 ₹76.83 ₹5.17
2022 ₹28.45 ₹34.35 ₹4.17
2021 ₹18.41 ₹23.03 ₹4.62

Our Company Promoters

  1. R Rajasekaran
  2. Rajadharshini Rajasekaran

Qualitative Factors

  • Diverse product basket.
  • Milk procurement process.
  • State of the art infrastructure
  • Experienced Promoters and Management Team.

Dindigul farm product Comparison Listed Industry Peers Group

Dindigul farm product Comparison Listed Industry Peers Group

Company Name Face Value EPS P/E Ratio Ro NW (%) NAV Per Revenue (₹ in Lakhs)
Dindigul Farm Products Limited 10.00 3.59 [.] [.] -11.39 8,157.74
Peer Group
Dodla Dairy Limited 10.00 15.84 29.36 10.76% 148.44 258,412.40
Parag Milk Foods Limited 10.00 6.34 11.55 8.37% 69.81 285,320.00
Modern Dairies Limited 10.00 5.21 3.61 -12.64% -41.06 21,608.13

Comparison with listed industry peer

  1. Dindigul Farm Products Limited.
  2. Dodla Dairy Limited.
  3. Parag Milk Foods Limited.
  4. Modern Dairies Limited.

Dindigul farm product Company Contact Details

2/52-3, Pillaiyarnatham,
Pithalaipatty Post, Dindigul,
Tamil Nadu – 624002
Tel No: 045 4429 0099
Email Id: cs@ennutrica.com
Website: www.ennutrica.com

Dindigul farm product IPO Registrar

LINK INTIME INDIA PRIVATE LIMITED
Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West),
Mumbai, Maharashtra, India – 400 083
Tel. Number: +91 810 811 4949
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

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