Dindigul Farm Product IPO (EnNutrica IPO): Important Details to Check Out

EnNutrica has come up with an offering a book-built public issues. This upcoming IPO is offering a fresh issue of up to 6,450,000 equity shares; the total aggregated size of an offer is accumulated to 6,450,000 equity shares at a price of Rs 51 to Rs 54 per share. This new IPO is being made through a fixed price issue type with a reservation of not less than 50% of the net issue being offered to qualified institutional buyers, retail investors being offered not less than 35% of the net issue, and not less than 15% of the net issue is reserved for HNI category. This IPO will be open for subscription from June 20th, 2024, till June 24th, 2024, whereas the listing date is decided on June 27th, 2024, and refund initiation for those who will not get allotted the share will be on June 26th, 2024. However, keep in mind that the public offering is proposed to be listed on the BSE exchange on an SME segment.  

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About Dindigul Farm Product Limited

Dindigul Farm Product Limited, incorporated in 2010, processes whole milk and skimmed milk into different dairy ingredients such as milk protein concentrates, skimmed milk powder, dairy whitener, whey protein concentrate, whey powder, casein, unbranded cream, butter and fat-filled powders for infant milk formula. This processing unit of the company is located on a fifteen-acre site at Dindigul and complies with several industry standards from FSSAI to Halal to Kosher through the Export Import Council of India, as well as European Regulations for certain products. Apart from this, they also possess registration cum membership certificates issued by APEDA. Dindigul Farm Product Limited has established a network of more than one hundred fifty village collection centres that help it reach over four thousand farmers and 50 dairy farms directly across the country. The firm’s market includes its brands like ENNUTRICA and Activday, which serve many industries globally. Their products are sold in more than 15 states within India and three countries outside the country. On December 23rd 2023, the company had a workforce consisting of 101 employees as well as casual labourers hired depending on business requirements.

Primary Objectives of Public Issue

The proceeds from the fresh issue will be utilized for multiple purposes, including capital expenditure, working capital requirements, and general corporate purposes, ensuring comprehensive support for the company's financial and operational needs.

Financial Performance of Dindigul Farm Limited (Amount in Rs Lakhs)

The company’s revenue reported to be Rs 81.99 crore for the year ended March 2023, which shows a growth of 188.2%. The profit after tax improved significantly to Rs 5.26 crore, marking a great turnaround with an increase of 225.13% for the year ended March 2024.

Essential Details of the Public Issue

EnNutrica IPO Tentative Timeline  

Lot Size of EnNutrica IPO

Key Performance Indicator (as of Dec 23, 2023)

The market cap of the organization’s IPO is Rs 131.92 Crore

EnNutica IPO Reservation

What is the change in promoter holding for EnNutrica before and after the IPO?

The promoters of the EnNutrica which include R Rajasekaran, Rajadharshini Rajasekaran, and Indrayani Biotech Limited. Prior to the IPO the promoters collectively held 80.66% of the company's shares. However post-IPO, their combined shareholding decreased to 59.36%.

Lead Manager(s) of EnNutrica IPO 2024

The lead manager of EnNutrica IPO is Beeline Capital Advisors Private Limited.  

How to Apply for EnNutrica IPO 

Wait for the public issue to open for subscription, then click here to apply for the EnNutrica IPO with Bigul.   

How to Check the Allotment Status of EnNutrica IPO 2024  

Link Intime India Private Limited is the registrar for EnNutrica IPO. You can check your allotment status by clicking here.  

FAQs   

1.  When is the IPO scheduled to open and close? 

EnNutrica IPO is scheduled to open for subscription from June 20, 2024, till June 24, 2024.  

2.  What will the price band be for the IPO?   

The EnNutrica IPO price band is set at Rs 51 to Rs 54 per share.  

3.  What are the main objectives of this IPO?   

The proceeds from the fresh issue will be utilized for multiple purposes, including capital expenditure, working capital requirements, and general corporate purposes, ensuring comprehensive support for the company's financial and operational needs.

4.      How has Dindigul Farm Product Limited performed financially?

The company’s revenue reported to be Rs 81.99 crore for the year ended March 2023, which shows a growth of 188.2%. The profit after tax improved significantly to Rs 5.26 crore, marking a great turnaround with an increase of 225.13% for the year ended March 2024.

5.  How can I apply for the EnNutrica IPO?   

Once the EnNutrica IPO opens for subscription, you can apply for it by clicking here with us on Bigul.   

6.  How can I check the allotment status of the IPO? 

Link Intime India Private Limited is the registrar for EnNutrica IPO. You can check your allotment status by clicking here.  

7.  Where will the IPO be listed?   

The IPO will be listed in the BSE SME segment (Bombay Stock Exchange Small and Medium Enterprises).

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