Dindigul Farm IPO description – Established in 2010, Dindigul Farm Product’s main focus is processing whole milk and skimmed milk to create dairy ingredients such as 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 is Located in Dindigul, the company processing facility spans 15 acres.
It procures an average of about 50,000 liters per day of milk directly from farmers, and 30,000 to 100,000 liters per day of whole milk from open markets or third-party suppliers. With over 150 village collection centers, the company has direct access to more than 4,000 farmers and 50 dairy farms.
The company’s key products undergo regular testing by NABL-approved food testing labs to meet the quality standards of certifying bodies like FSSC. Marketed under the brand name ENNUTRICA, its products are sold in over 15 domestic states and 3 international countries. As of 23 December 2023, the company had 101 employees.
Promoters of Dindigul Farm – R Rajasekaran, Rajadharshini Rajasekaran and Indrayani Biotech Limited
Table of Contents
Dindigul Farm IPO Details
| EnNutrica IPO Dates | 20 – 24 June 2024 |
| EnNutrica IPO Price | INR 51 – 54 per share |
| Fresh issue | 64,50,000 shares (INR 32.90 – 34.83 crore) |
| Offer For Sale | NIL |
| Total IPO size | 64,50,000 shares (INR 32.90 – 34.83 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 1,08,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Dindigul Farm Financial Performance
|  | FY 2021 | FY 2022 | FY 2023 | 1 Apr – 23 Dec 2023 |
| Revenue | 17.63 | 28.32 | 81.58 | 68.75 |
| Expenses | 23.03 | 34.35 | 76.83 | 62.88 |
| Net income | (4.61) | (4.20) | 5.26 | 5.88 |
Dindigul Farm Offer News
- Dindigul Farm RHP
- Dindigul Farm Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Dindigul Farm Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (3.21) | (2.90) | 3.59 |
| PE ratio | – | – | 14.21 – 15.04 |
| RONW (%) | Negative | Negative | NA |
| NAV | (12.12) | (15.04) | (11.39) |
| ROCE (%) | Negative | Negative | Negative |
| EBITDA (%) | (4.76) | (5.41) | 11.37 |
| Debt/Equity | (1.23) | (0.91) | (1.21) |
Dindigul Farm IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 26 June 2024 | 68 | – | 1,05,000 |
| 25 June 2024 | 68 | – | 1,05,000 |
| 24 June 2024 | 68 | – | 1,05,000 |
| 22 June 2024 | 65 | – | 1,02,500 |
| 21 June 2024 | 70 | – | 1,06,000 |
| 20 June 2024 | 70 | – | 1,02,500 |
| 19 June 2024 | 64 | – | 98,000 |
| 18 June 2024 | 26 | – | 39,000 |
| 17 June 2024 | 26 | – | 39,000 |
Dindigul Farm IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 12,26,000 | 9,20,000 | 21,44,000 | 42,90,000 |
| 24 Jun 2024 | 145.62 | 207.05 | 201.44 | 188.13 |
| 21 Jun 2024 | 0.08 | 22.26 | 42.40 | 25.72 |
| 20 Jun 2024 | 0.01 | 3.46 | 10.21 | 5.68 |
The market maker reservation portion of 3,26,000 shares and anchor investor portion of 18,34,000 shares are not included in the above calculations.
Dindigul Farm IPO Allotment Status
Dindigul Farm IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
EnNutrica IPO Dates & Listing Performance
| IPO Opening Date | 20 June 2024 |
| IPO Closing Date | 24 June 2024 |
| Finalization of Basis of Allotment | 25 June 2024 |
| Initiation of refunds | 26 June 2024 |
| Transfer of shares to demat accounts | 26 June 2024 |
| EnNutrica IPO Listing Date | 27 June 2024 |
| Opening Price on BSE SME | INR 102.60 per share (up 90%) |
| Closing Price on BSE SME | INR 107.73 per share (up 99.5%) |
Dindigul Farm offers Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath
Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat, India.
Phone: 079 4918 5784
Email:Â [email protected]
Website:Â www.beelinemb.com
Dindigul Farm Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Dindigul Farm IPO Contact Details
DINDIGUL FARM PRODUCT LIMITED
2/52-3, Pillaiyarnatham Pithalaipatty Post,
Dindigul, Tamil Nadu, India, 624002
Phone: 045 4429 0099/+91 94980 99930
E-mail: [email protected]
Website: www.ennutrica.com
IPO FAQs
What is the Dindigul Farm offer size?
Dindigul Farm’s offer size is INR 32.90 – 34.83 crores.
What is the Dindigul Farm offer price band?
Dindigul Farm public offer price is INR 51 – 54 per share.
What is the lot size of the Dindigul Farm IPO?
Dindigul Farm offer a lot size is 2,000 shares.
What is Dindigul IPO GMP today?
Dindigul Farm IPO GMP today is INR 68 per share.
What is the Dindigul Farm kostak rate today?
Dindigul Farm kostak rate today is INR NA per application.
What is Dindigul Farm Subject to the Sauda rate today?
Dindigul Farm is Subject to the Sauda rate today is INR 1,05,000 per application.
