Dindigul Farm Product Limited IPO opens today. Check the details & GMP
Dindigul Farm Product Limited details
| Aspect | Details |
|---|---|
| Company Name | Dindigul Farm Product Limited |
| Location | Dindigul |
| Products | Milk protein concentrates, Skimmed milk powder, Dairy whitener, Whey protein concentrate, Milk whey powder, Casein, Unbranded cream, Butter, Fat-filled powders |
| Special Products | Fat-filled powders for infant milk formula |
| Certifications & Compliance | FSSAI, Halal, Kosher, Export Import Council of India, Europe Regulations |
| Membership | Registration cum membership certificate from APEDA |
| Farmers Accessed | More than 4,000 farmers and 50 dairy farms |
| Brands | ENNUTRICA, Activday |
| Market Reach (Domestic) | Over 15 states within the country |
| Market Reach (International) | 3 countries |
Dindigul Farm Product Ltd. Financials (Amt. in Lakhs)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 2,899.84 | 2,995.07 | 2,995.07 |
| Revenue | 8,199.34 | 2,845.07 | 1,840.72 |
| Profit After Tax | 525.79 | -420.08 | -461.19 |
Company Promoters
- R Rajasekaran
- Rajadharshini Rajasekaran
- Indrayani Biotech Limited
Pre-issue, the company’s Promoters shareholding was at 80.66%, which decreased to 59.36% post-issue.
Issue Objectives
- To use the funds for Capital Expenditure
- For Working Capital Requirements
- General Corporate Purposes
Other Details
Dindigul Farm Product is an SME category IPO.
| Aspect | Details |
|---|---|
| Open Date | 20 June, 2024 |
| Close Date | 24 June, 2024 |
| Allotment Date | 25 June, 2024 |
| Listing Date | 27 June, 2024 |
| Issue Price | ₹51-54 per equity share |
| Face Value | ₹10 Per Equity Share |
| Market Lot | 2000 Shares (₹108,000/-) |
| Listing at Group | BSE SME |
| Registrar | Link Intime India Private Ltd |
| Lead Manager | Beeline Capital Advisors Pvt Ltd |
| Retail Portion | 35% |
| Issue Size | 6,450,000 shares (aggregating up to ₹34.83 Cr) |
Dindigul Farm Product Limited GMP Today
The current GMP of the company is around Rs. 50-65 which is around 92.59% of the Issue price . It is expected that investors can get a profit 92.59% of per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
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