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Dindigul Farm Product Limited IPO

Dindigul Farm Product Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 102.60 (+90.00%)

Dindigul Farm Product Limited's successfully transitioned to public market status with its listing on BSE on 27-06-2024. The IPO mobilized 64,50,000 Shares in cumulative capital, including 64,50,000 Shares for corporate expansion.

The public offering was conducted within the price parameters of ₹51 to ₹54, with minimum investment lots of 2000 shares. subscription activity between 20-06-2024 and 24-06-2024 demonstrated market reception to the company's valuation and growth narrative.

The allotment process concluded on 25-06-2024, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.

Dindigul Farm IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Dindigul Farm IPO Key Performance Indicator
Company Financials ( in ₹ Lakhs )

Dindigul Farm IPO About Company

Dindigul Farm Product Limited, established in 2010, is a leading dairy processing company specializing in converting whole and skimmed milk into high-quality dairy ingredients. Their product range includes milk protein concentrates, skimmed milk powder, whey protein concentrate, dairy whitener, casein, butter, unbranded cream, and fat-filled powders used in infant milk formula. Operating from a 15-acre processing unit in Dindigul, the company complies with FSSAI, Halal, Kosher, Export Import Council of India, and European standards, ensuring top-tier quality. With a strong network of over 150 village collection centers, Dindigul Farm Product directly sources milk from more than 4,000 farmers and 50 dairy farms. Their products, marketed under the brands ENNUTRICA and Activday, reach customers across 15+ states in India and three international markets. As of December 23, 2023, the company employed 101 staff members, supported by additional contract workers.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Dindigul Farm IPO Strength Factors

  1. Wide Product Range: Dindigul Farm Product Limited offers a variety of dairy ingredients, catering to diverse customer needs across multiple industries.
  2. Strong Milk Procurement Network: With over 150 village collection centers and direct ties to 4,000+ farmers and 50 dairy farms, the company ensures a steady and reliable supply of raw milk.
  3. Modern Processing Facilities: Its state-of-the-art 15-acre facility in Dindigul meets high production standards and complies with key regulatory certifications, including FSSAI, Halal, Kosher, and European regulations.

Dindigul Farm IPO Risk Factors

  1. Financial Struggles: The company has faced net losses in recent years, with a negative net worth for three consecutive fiscal years, raising concerns about long-term sustainability.
  2. Raw Material Challenges: Rising costs or supply shortages of raw materials could impact product pricing and availability, affecting overall business performance.
  3. Product Safety Risks: Any real or perceived contamination could harm sales, lead to liability issues, damage the company's reputation, and trigger regulatory actions.

Dindigul Farm IPO Lead Manager(s)

  • Beeline Capital Advisors Private Limited

Dindigul Farm IPO Promoter(s)

  1. R Rajasekaran
  2. Rajadharshini Rajasekaran
  3. Indrayani Biotech Limited

Dindigul Farm IPO Company Details

Dindigul Farm Product Limited
Phone:
address:

Dindigul Farm IPO Registrar

Link Intime India Private Limited
Name:
Phone:

Dindigul Farm IPO FAQs