Business description – Dangee Dums was originally incorporated as Aromen Hospitality Private Limited on 13 August 2010. The name of the company was subsequently changed to Dangee Dums Private Limited on 30 June 2017, followed by Dangee Dums Limited on 24 August 2017.
The company is engaged and indulged into chocolate business, bringing forward one of the finest couvertures chocolates sourced from Belgium. The company has also introduced cakes and pastery with the concept of creating an exquisite lounge. The company has a range of 16-17 varieties of cakes and pastries. It operates its business through 81 outlets spread across Ahmedabad, Gandhinagar, Vadodara, Anand, and Surat. The company also has a 25000 square foot centrally air-conditioned manufacturing facility in Ahmedabad which caters to the supply to all the outlets. Dangee Dums also owns refrigerated, temperature-controlled van with GPS tracking for timely deliveries. There is also a depot/ warehouse at Surat for efficient distribution to outlets in Surat.
Promoters of Dangee Dums – Mr Nikul Jagdishchandra Patel, Mrs Forum Nikul Patel and Mr Ravi Hemantkumar Patel
| Dangee Dums IPO details | |
| Subscription Dates | 20 – 24 August 2018 |
| IPO Price band | INR74 per share |
| Fresh issue | 2,712,000 shares (INR20.07 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,712,000 shares (INR20.07 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME platform |
Use of funds
- Repayment of Existing Secured Loans – INR11.00 crore
- Purchase of Fixed Assets – INR4.77 crore
- General Corporate Expense – INR3.80 crore
- Issue Expenses – INR0.50 crore
| Dangee Dums’ financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 2.95 | 5.98 | 11.53 | 19.96 | 36.58 | |
| Total expenses | 3.84 | 7.71 | 12.98 | 14.60 | 25.50 | |
| Profit after tax | -1.28 | -2.88 | -5.13 | 0.91 | 1.55 | |
Dangee Dums’ Contact Details
Dangee Dums Limited
4/A, Ketan Society, Nr. Sardar Patel Colony
Naranpura
Ahmedabad – 380 014
Phone: +91 079 27681878
Email: [email protected]
Website: www.dangeedums.com
Dangee Dums IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 1.89 |
| Day 2 | 3.15 |
| Day 3 | 4.93 |
| Day 4 | 60.77 |
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Dangee Dums Valuation (For latest FY)
Earnings Per Share (EPS): INR2.42
Price/Earnings (P/E) ratio: 30.57
Return on Net Worth (RONW): 13.39%
Net Asset Value (NAV): INR15.30 per share
Registrar of Dangee Dums IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Dangee Dums IPO Allotment Status
Dangee Dums IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Dangee Dums
IPO Opening Date: 20 August 2018
IPO Closing Date: 24 August 2018
Listing Date: 3 September 2018
Listing Price on NSE SME: INR89.9 per share (up 21.49% from IPO price)
Closing Price on NSE SME: INR94.35 per share (up 27.5% from IPO price)
