June 27, 2024
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Dindigul Farm Product IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Dindigul Farm Product IPO Post Listing Review:
Will update once the IPO is listed
What is the latest GMP of Dindigul Farm Product IPO?*
Check Subscription status of Dindigul Farm Product IPO
On 21 June 2024 @ 5.00 (Day 2)
Review:
QIB: 0.08 T
NII: 29.79 T
RII: 42.36 T
Total: 27.58 T
Application: 48,743 (45.47X)
Amount wise Subscription: Rs. 912.07 Crore
What is the business of Dindigul Farm Product?
Established in 2010, Dindigul Farm Product is 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.
Its processing facility is situated at Dindigul and is spread over 15 acres. The management system has been assessed and determined to comply with the requirements of FSSC 22000. It also follows and complies 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.
Its 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. It has 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 it from third party suppliers, majorly from the Group Company A R Dairy Food Private Limited..
Get more information about the company @ http://www.medicamenorganics.com/
| Dindigul Farm Product IPO Details | |
| IPO opens on | 20 June 2024 |
| IPO closes on | 24 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6450000 Shares / Rs 34.83 Crore |
| * Fresh Issue | 6450000 Shares / Rs 34.83 Crore |
| * Offer for Sale | – Shares / Rs – Crore |
| Market Maker Portion | 326000 Shares |
| Net offer to Public | 6124000 Shares/ Rs.9.95 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.54 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
| Shares offered in Dindigul Farm Product IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | 3062000 | 16.53 |
| NII (15%) | 918600 | 4.96 |
| RII (35%) | 2143400 | 11.58 |
| Total Shares | 6124000 | 33.06 |
| Retail portion will be oversubscribed by | 1072 | |
| Forms | ||
| How much Shares to Apply in 3C IT Solutions IPO? | ||
| Min Retail Application | 2000 Shares | Rs. 108000 |
| Min HNI Application | 4000 Shares | Rs.216000 |
Who are the Promoters of Dindigul Farm Product IPO?
The promoters of the company are R Rajasekaran, Rajadharshini Rajasekaran and Indrayani Biotech Limited.
What are the Objects of Dindigul Farm Product IPO?
The Offer comprises of a Fresh Issue of Equity shares & also offer for sale.
The company intends to utilize the proceeds of the Offer to meet the following objects: –
1.Capital Expenditure
2.Working Capital Requirements
3.General Corporate Purposes
| Dindigul Farm Product IPO Tentative timetable | |
| IPO opens on | 20 June 2024 |
| IPO Closes on | 24 June 2024 |
| IPO Allotment on | 25 June 2024 |
| Refund Initiation | 26 June 2024 |
| Credit of Shares | 26 June 2024 |
| Listing on | 27 June 2024 |
| Registered Office of the Company Dindigul Farm Product Limited 2/52-3, Pillaiyarnatham Pithalaipatty Post, Dindigul, Dindigul,-624002 |
| Who is the Lead Manager of Dindigul Farm Product IPO? Beeline Capital Advisors Pvt Ltd |
| Who is the Registrar to IPO? Link Intime India Private Ltd |
| Dindigul Farm Product IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2020-21 | 18.41 | 0.86 | -3.21 | Loss |
| 2021-22 | 28.45 | 1.11 | -2.90 | Loss |
| 2022-23 | 81.99 | 1.14 | 3.59 | N.A. |
| Book Value of the Share on (reworked after Bonus & split) | 31.03.2023 | Rs -11.39 | ||
| BV of the Share at cap price | after the IPO | Rs. – | ||
| Offer Price/upper band | Rs. 54 | |||
| Dindigul Farm Product IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 15.04 |
| Price/BV Ratio | N.A. |
| Upper price/BV after IPO | – |
How Dindigul Farm Product IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Dindigul Farm | 10 | 82 | 19.77 |
| Dodla Dairy | 10 | 2584 | 29.36 |
| Parag Milk Foods | 10 | 2853 | 11.55 |
| Modern Dairies | 10 | 216 | 3.61 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Dindigul Farm Product IPO To the point Guidance
Dindigul Farm Product is 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.
Its processing facility is situated at Dindigul and is spread over 15 acres.
Size: The net offer is of Rs. 33.07 Crore/6124000 shares. Retail portion is Rs. 11.58 crore and it can get one time subscribed with 1072 applications. The size of the IPO is somewhat large, however looking to the investor frenzy and one time over subscription may not be an issue.
Financial Snapshot: The company has incurred huge losses during the 2 years 2020-21 and 2021-22. and in the year 2022-23, which is just prior to the IPO, it showed sharp turnaround The Book value was in negative on 31 March 2023. Milk procurement and processing has been very difficult business and has tough competition of the large players and Milk Co. Op. Societies. WE are not sure whether the company maintain the profits which it has earned in the year prior to the IPO, amist tough competition. Based on only one year positive performance, investment in this IPO appears to be risky.
Quicklinks
Dindigul Farm Product IPO GMP today details?
Dindigul Farm Product IPO
Dindigul Farm Product IPO FAQs
What is Dindigul Farm Product IPO?
Dindigul Farm Product is a SME IPO of 6450000 equity shares of the face value of Rs. 10 aggregating up to Rs.34.83 Crores. The issue is priced at Rs.524 per share. The minimum order quantity is 2000 Shares.
When will Dindigul Farm Product IPO open?
Dindigul Farm Product IPO opens on June 20, 2024, and closes on June 24, 2024.
What is the lot size of Dindigul Farm Product IPO?
Dindigul Farm Product IPO lot size is 2000 Shares, and the minimum amount required is Rs.108000.
How to apply for Dindigul Farm Product IPO?
You can apply in Dindigul Farm Product IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Dindigul Farm Product IPO allotment?
The finalization of Basis of Dindigul Farm Product IPO will be done on 25 June, 2024, and the allotted shares will be credited to your demat account by June 26, 2024.
When is Dindigul Farm Product IPO listing date?
Dindigul Farm Product IPO listing date is June 27, 2024.
