DINDUGAL FARM PRODUCT LIMITED

20 Jun 2024 - 24 Jun 2024 Individual Category SME BSE

Min Investment

₹108000

Price Band

₹51-₹54

Issue Size

46.16 lakhs
Equity Shares

Lot Size

2000

IPO Dates
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20 Jun 2024

Open Date

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24 Jun 2024

Close Date

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25 Jun 2024

Allotment Date

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27 Jun 2024

Listing Date

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 Dindugal 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.

Founded

2010

Managing Director

R Rajasekaran

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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