Dindigul Farm Product IPO GMP (EnNutrica IPO GMP )

EnNutrica logo inside a circle, with the circle positioned under a milk splash. A person is milking a cow, with 'Initial Public Offering' written on the cow. The image represents EnNutrica's upcoming IPO and their dairy products, 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.

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Dindigul Farm Product Limited, founded in 2010, processes whole and skimmed milk into various dairy products like milk protein concentrates, skimmed milk powder, dairy whitener, whey protein concentrate, milk whey powder, casein, cream, butter and fat filled powders for infant formulas.

Dindigul Farm Product operates more than 150 village collection centers, establishing direct connections with over 4,000 farmers and 50 dairy farms. They sell their products under the brands ENNUTRICA and Activday, reaching customers in various industries.

The company has distributed its products across 15 Indian states and 3 countries internationally.

Dindigul Farm Product IPO Overview

EnNutrica IPO aims to raise ₹34.83 crores in total and the issue is entirely a fresh issue. The price band for the IPO is set between ₹51 – ₹54 per share.

Dindigul IPO will be open for subscription from 20 to 24 June. Share allotment is expected by 25 June 2024 and the shares are set to be listed on BSE SME segment by 27 June 2024.

Rajadharshini Rajasekaran, R Rajasekaran and Indrayani Biotech Limited currently hold 80.66% ownership in the company. However, their holding will decrease after the listing to 59.36%. Link Intime India will act as the registrar for the Dindigul Farm Product IPO.

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        EnNutrica IPO GMP

        Let’s look at how EnNutrica IPO GMP has changed recently.

        As of 16 June 2024, EnNutricaIPO has a Grey Market Premium or GMP of ₹25. With the upper price band set at ₹54, the estimated listing price is ₹79 (Upper price band + today’s GMP) indicating an expected gain of 46.3% per share. 

        Stay tuned with Trade Target for daily updates on EnNutrica IPO GMP and the expected listing price.

        • Date: 25 – June – 2024
        • EnNutrica GMP: ₹68 (125.93%)

        • Date: 24 – June – 2024
        • EnNutrica GMP: ₹68 (125.93%)
        • Date: 23 – June – 2024
        • EnNutrica GMP: ₹68 (125.93%)
        • Date: 22 – June – 2024
        • EnNutrica GMP: ₹68 (125.93%)
        • Date: 21 – June – 2024
        • EnNutrica GMP:₹68 (125.93%)
        • Date: 20 – June – 2024
        • EnNutrica GMP: ₹65 (120.37%)
        • Date: 19 – June – 2024
        • EnNutrica GMP: ₹70 (129.63%)
        • Date: 18 – June – 2024
        • EnNutrica GMP: ₹64 (118.52%)
        • Date: 17 – June – 2024
        • EnNutrica GMP: ₹45 (83.33%)
        • Date: 16 – June – 2024
        • EnNutrica GMP: ₹27 (50%)
        • Date: 15 – June – 2024
        • EnNutrica GMP: ₹25 (46.3%)

        How can one apply for EnNutrica IPO?

        For retail investors minimum investment starts with 1 lot including 2,000 shares at a cost of ₹108,000 and this is the maximum limit for retail investors to apply in Dindigul Farm Product IPO.

        For HNIs minimum investment is set at 2 lots including 4,000 shares and costs ₹216,000.

        Application Lots Shares Amount
        Retail (Min)
        1
        2000
        ₹108,000
        Retail (Max)
        1
        2000
        ₹108,000
        S-HNI (Min)
        2
        4000
        ₹216,000

        Dindigul Farm Product IPO Financial

        Dindigul Farm Product has shown a turnaround in its financial performance over the past three years. As of March 31, 2023, the company reported PAT of ₹525.79 lakhs. This marks an improvement from the previous years when the company faced losses. On March 31, 2022, Dindigul Farm Product Limited recorded a PAT of -₹420.08 lakhs and on March 31, 2021, it reported a PAT of -₹461.19 lakhs.

        Period Ended 31 Mar 2023 31 Mar 2022 31 Mar 2021
        Assets  in (₹ Lakhs)
        2,899.84
        2,995.07
        2,995.07
        Revenue (₹ Lakhs)
        8,199.34
        2,845.07
        1,840.72
        PAT (₹ Lakhs)
        525.79
        -420.08
        -461.19
        Total Borrowing (₹ Lakhs)
        2,398.37
        2,579.25
        2,716.23

        Dindigul Farm Product IPO Vs Peers

        Among Its peers, Dindigul Farm Product has the lowest EPS of 3.59, while Dodla Dairy has the highest EPS of 15.84. A higher EPS is always better.

        Company EPS Diluted P/E
        Dindigul Farm Product Limited
        3.59
        18.47
        Dodla Dairy Limited
        15.84
        29.36
        Parag Milk Foods Ltd
        6.34
        11.55
        Modern Dairies Ltd.
        5.21
        3.61

        EnNutrica IPO Quota allocation

        • QIB Investors: 50% of the net issue
        • Retail Investors: 35% of the net issue
        • NII (HNI) Investors: 15% of the net issue

        Expected Listing Date for EnNutrica IPO

        • Subscription Period: 20 June to 24 June
        • Basis of Allotment Finalization: 25 June 2024
        • Initiation of Refunds: 26 June 2024
        • Demat Credits: 26 June 2024
        • Listing Date: 27 June 2024
        • Listing on: BSE SME
        Happy investing and thank you for reading!
        Disclaimer: This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
        Posted in IPO SME IPO

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