ICL Organic IPO Details

ICL Organic IPOICL Organic Dairy Products is engaged in dairy farming with the main object to produce and extract milk from cows and distributing the same raw milk extracted from the cow and supplying it to Sweet Shops, Retailers, different establishments and households.

The company is active in district of Bareilly and adjoining district of Badaun, a big milk producer area as well as Pilibhit which is 30 – 40 kms away from operational area and covered approximately 30 villages at present. The company has a team of veterinary supporting staff to educate the farmers on animal healthcare and clean milk production.

Currently, the company is focusing on milk procurement and direct distribution. Milk produced from the facility at Khajuai, Akaha Ghanni Road, Bareilly, Uttar Pradesh – 243001 is distributed to premium customers. Milk distribution is done by taking vehicles on rent.

Promoters of ICL Organic – Mr Roop Kishore Gola and Mr Avadhesh Kumar Gola
ICL Organic IPO details
Subscription Dates 31 January – 7 February 2020 (IPO dates extended) 
Price Band INR20 per share
Fresh issue 2,040,000 shares (INR4.08 crore)
Offer For Sale Nil
Total IPO size 2,040,000 shares (INR4.08 crore)
Minimum bid (lot size) 6,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

ICL Organic Dairy Products’ financial performance (in INR lakh)

  FY2017 FY2018 FY2019 Q1 FY2020
Revenue 252.7 1,207.3 1,572.7 187.6
Expenses 245.4 1,159.6 1,533.8 181.6
Net income 5.0 34.9 27.6 4.4

Registrar of ICL Organic

Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai-600 002
Tamil Nadu, India
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email[email protected]
Website: http://www.cameoindia.com

Valuation of ICL Organic IPO (FY2019)

Earnings Per Share (EPS): INR4.15
Price/Earnings (PE ratio): 4.82
Return on Net Worth (RONW): 9.36%
Net Asset Value (NAV): INR26.26 per share 

ICL Organic IPO Subscription Details


Subscription (no. of times)

Day 1


Day 2


Day 3


Day 4


Day 5 2.38
Day 6 2.92

ICL Organic Contact Details

ICL Organic Dairy Products Limited
A-105, 3rd Floor, Sector-63,
Gautam Buddha Nagar,
Noida, Uttar Pradesh – 201301

+91 0120 4319744
Email: [email protected] Website: www.icldairy.com

ICL Organic IPO Allotment Status

ICL Organic IPO allotment status is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.

Listing Performance of ICL Organic

IPO Opening Date: 31 January 2020
IPO Closing Date: 7 February 2020
Listing Date: 17 February 2020
Opening Price on BSE SME: INR20.8 per share (up 4% from IPO price)
Closing Price on BSE SME: INR21.8 per share (up 9% from IPO price)


  1. Hello, how to apply for these companies IPO? As they are not being shown in my Demat accounts for applying. Through which medium we an individual can apply for these IPOs.


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