Business description – Tasty Dairy Specialities is currently involved in processing milk, along with bulk milk procurement and handling during season time which primarily caters to bulk and marquee institutional customers. The company is further involved in value added milk products like Skimmed Milk Powder, Butter, Ghee, Dairy Whitener, Concentrated Milk etc. The company is located in Uttar Pradesh and its manufacturing unit is situated at D-3, UPSIDC Industrial Area, Jainpur, Kanpur Dehat. With the existing plant and machinery, the company is capable of handling approximately 5,00,000 litres of raw milk which comprises of 1,60,000 litres of milk packaging, 20,000 litres of buttermilk packaging, 2,20,000 Litres of Skimmed Milk Powder and Ghee and 2,00,000 litres of bulk milk processing. These facilities are not only in close proximity to its milk procurement region but also to the target market.
Promoters of Tasty Dairy Specialities – Mr Atul Mehra, Mrs Sonia Mehra and Mr Prem Nandan Mehra
| Tasty Dairy Specialities IPO details | |
| Subscription Dates | 7 – 12 February 2018 |
| IPO Price band | INR45 per share |
| Fresh issue | 5,430,000 shares (INR24.43 crore) |
| Offer for sale | Nil |
| Total IPO size | 5,430,000 shares (INR24.43 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working capital requirements – INR27.5 crore
- General corporate purposes – INR0.5 crore
| Tasty Dairy Specialities’ financial performance (in INR crore) | ||||||
| Â | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 |
| Total revenue | 204.8 | 251.9 | 308.0 | 334.9 | 239.0 | 137.4 |
| Total expenses | 200.2 | 246.5 | 302.2 | 328.7 | 233.2 | 134.2 |
| Profit after tax | 4.5 | 5.4 | 4.5 | 4.6 | 4.5 | 2.4 |
Tasty Dairy Specialities’ Contact Details
Tasty Dairy Specialities Limited
G-6, 12/483
Ratandham McRobert Ganj
Kanpur-208 001
Phone: +91Â 512 710 7777
Email:Â [email protected]
Website: www.tastydairy.com
Tasty Dairy Specialities IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.74 |
| Day 2 | 2.02 |
| Day 3 | 2.87 |
| Day 4 | 92.83 |
Tasty Dairy Specialities Valuation (Latest FY)
Earnings Per Share (EPS): INR3.01 (adjusted for bonus shares)
Price/Earnings (P/E) ratio: 14.95
Return on Net Worth (RONW): 13.12%
Net Asset Value (NAV): INR24.57 per share
Registrar of Tasty Dairy Specialities 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
Tasty Dairy Specialities IPO Allotment Status
Tasty Dairy Specialities IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Tasty Dairy Specialities
IPO Opening Date: 7 February 2018
IPO Closing Date: 12 February 2018
Listing Date: 21 February 2018
Listing Price on BSE SME: INR50.75 per share (up 12.78% from IPO price)
Closing Price on BSE SME: INR48.35 per share (up 7.44% from IPO price)
This is awesome business, good quality!! Not cooked up books like others and that’s why you have lower business last year. It will be like ICe Make Refrigeration.
But Expenses very high and PAT is very low! At the end of the day don’t you want to invest, especially in this brutal market, in a business in a very profitable company?
Considering Sensex at 34,000 + an IPO from Dairy / Milk products industry IPO share price very attractively fixed by the Lead Manager / Management…Milk and Dairy product dairy industry avg PE trades at 50 +
Tasty Dairy will delivery good returns to initial investors…and this company shows sales of Rs 200 Crs plus there is no single other company in SME BSE or NSE entered since last Nov / Dec 2017 achieving sales above Rs 200 Crs + Hence good to apply
There is one more day left for subscription on 12th.
Thanks Mahesh, we have corrected it now.
Guys, what is the expected listing price for this IPO ?
When allotment will come because of no details showing about allotment date and listing date.
Allotment out of tasty dairy
Whatever I am furnishing here are facts: – Tasty Dairy Specialties
a) We got lucky to get these shares on account of MT group listed on listing day. Otherwise we could have got at 50% – 60% higher er Rs 72 per share the levels are higher than the issue price of Rs 45
b) Tasty coming to Normal M- group on 8th March 2018 – link attached here
c) Tasty Dairy managed by Mark Corporate – Lead manager. The same LM managed 3 months ago (MP Today) Madhya Pradesh Today – SME IPO which has given more than 100% returns
d) NSE offering 70% Upper side from the date of listing/issue price for some sme IPOs for ex RKEC, Touchwood and Vasa Retail etc.,
f) Whereas BSE not allowing continuous price bands upto 60%. This point not noticed by the surveillance department of BSE.
Food and Dairy products will attract at high PE around 50 PE+ we are getting the Tasty at 20 PE is happy to get appreciation…..rest is on the management.