Subscribe for real-time financial insights on Trade Target’s WhatsApp Channels
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.
EnNutrica IPO GMP
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
