Dindigul Farm IPO Details: Dindigul Farm’s IPO has been scheduled, commencing on June 20 and concluding on June 24. EnNutrica, listed on BSE SME, aims to raise ₹34.83 crores through this IPO. The price band for Dindigul Farm IPO is set between ₹51 to ₹54 per share, with a market lot of 2000 shares.
Founded in 2010, Dindigul Farm Product specializes in processing whole milk and skimmed milk to produce various dairy ingredients such as milk protein concentrates, skimmed milk powder, dairy whitener, and more. Located in Dindigul, their facility spans 15 acres and adheres to stringent quality standards including FSSC 22000, FSSAI, Halal, Kosher, and European Regulations. They are also registered with APEDA.
Quality control is pivotal across their operations, ensuring adherence to customer expectations and regulatory requirements. They employ advanced testing methods like automatic Milk analyzers at village-level milk collection centers and NABL-approved labs for product testing. Documented quality systems and SOPs are rigorously monitored throughout procurement and processing stages.
Under brands like ENNUTRICA and Activ day, they cater to diverse industries including dairy, food ingredients, nutrition, ice cream, and baking across 15 states in India and three countries internationally. Future plans involve expanding into ASEAN and European markets to enhance their global footprint.
Dindigul Farm IPO Objectives:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Capital Expenditure
- Working Capital Requirements
- General Corporate Purposes
EnNutrica IPO (Dindigul Farm) Review (Apply or Not)
- Update Soon
EnNutrica IPO (Dindigul Farm) Date & Price Band Details:
| IPO Open: | June 20, 2024 |
| IPO Close: | June 24, 2024 |
| IPO Size: | Approx ₹34.83 Crores, 64,50,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹51 to ₹54 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
EnNutrica IPO (Dindigul Farm) Lot Size:
The minimum market lot for the Dindigul Farm IPO consists of 2000 shares, requiring an application amount of ₹108,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹108,000 |
| Retail Maximum | 1 | 2000 | ₹108,000 |
| S-HNI Minimum | 2 | 4000 | ₹216,000 |
EnNutrica IPO (Dindigul Farm) Timeline:
The Dindigul Farm IPO is scheduled to open on June 20 and will close on June 24. Allotment of shares is expected to take place on June 25, with potential listing on June 27.
| IPO Open Date: | June 20, 2024 |
| IPO Close Date: | June 24, 2024 |
| Basis of Allotment: | June 25, 2024 |
| Refunds: | June 26, 2024 |
| Credit to Demat Account: | June 26, 2024 |
| IPO Listing Date: | June 27, 2024 |
Dindigul Farm IPO GMP Today:
The expected percentage gain per share for EnNutrica SME IPO, based on the estimated listing price of ₹81.00 and the cap price of ₹54.00, is 50%. This indicates potential market enthusiasm and anticipated value appreciation upon listing.
Dindigul Farm Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹18.41 | ₹23.03 | ₹4.62 |
| 2022 | ₹28.45 | ₹34.35 | ₹4.17 |
| 2023 | ₹81.99 | ₹76.83 | ₹5.17 |
| Dec 2023 | ₹68.77 | ₹62.88 | ₹5.89 |
Dindigul Farm IPO Valuation – FY2023
Check Dindigul Farm IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹3.59 per Equity Share |
| Price/Earning P/E Ratio: | 3.59 |
| Return on Net Worth (RoNW): | -% |
| Net Asset Value (NAV): | –₹11.39 per Equity Share |
Peer Group
- Dodla Dairy Limited
- Parag Milk Foods Limited
- Modern Dairies Limited
Company Promoters
- R Rajasekaran
- Rajadharshini Rajasekaran
- Indrayani Biotech Limited
EnNutrica IPO (Dindigul Farm) IPO Registrar
Link Intime India Pvt Ltd
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: dindigulfarm.ipo@linkintime.co.in
Website: www.linkintime.co.in
Dindigul Farm IPO Allotment Status
Check Dindigul Farm IPO allotment status on Link Intime website URL. Click Here
Dindigul Farm IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Private Limited
Company Address
Dindigul Farm Product Pvt Ltd
2/52-3, Pillaiyarnatham Pithalaipatty Post,
Dindigul, Tamil Nadu, India, 624002
Phone: 045 4429 0099/+91 94980 99930
E-mail: cs@ennutrica.com
Website: www.ennutrica.com
EnNutrica IPO (Dindigul Farm) IPO FAQs
1. What is EnNutrica IPO (Dindigul Farm IPO)?
EnNutrica IPO refers to the initial public offering of shares by Dindigul Farm Product Limited under its brand EnNutrica on the BSE SME platform.
2. When will EnNutrica IPO (Dindigul Farm IPO) open for subscription?
EnNutrica IPO (Dindigul Farm IPO) will open for subscription on June 20, 2024.
3. What is the price band for EnNutrica IPO (Dindigul Farm IPO)?
The price band for EnNutrica IPO (Dindigul Farm IPO) is set at ₹51 to ₹54 per share.
4. What is the minimum market lot size for EnNutrica IPO (Dindigul Farm IPO)?
The minimum market lot size for EnNutrica IPO (Dindigul Farm IPO) is 2000 shares.
5. How much do I need to apply for EnNutrica IPO (Dindigul Farm IPO)?
To apply for EnNutrica IPO (Dindigul Farm IPO), you need to invest a minimum of ₹108,000 (assuming ₹54 per share for 2000 shares).
6. What is the allotment date for EnNutrica IPO (Dindigul Farm IPO)?
The allotment of shares for EnNutrica IPO (Dindigul Farm IPO) is scheduled for June 25, 2024.
7. When is the expected listing date for EnNutrica IPO (Dindigul Farm IPO)?
EnNutrica IPO (Dindigul Farm IPO) is expected to be listed on June 27, 2024, subject to regulatory approvals and market conditions.
8. How can I check the allotment status of EnNutrica IPO (Dindigul Farm IPO)?
You can check the allotment status of EnNutrica IPO (Dindigul Farm IPO) on the BSE website or the registrar’s website using your PAN number or application number.
9. What are the key products and operations of Dindigul Farm Product (EnNutrica)?
Dindigul Farm Product (EnNutrica) specializes in processing whole milk and skimmed milk to produce dairy ingredients like milk protein concentrates, skimmed milk powder, dairy whitener, etc. They operate a processing facility in Dindigul, adhering to stringent quality standards.
10. What are the future plans and growth prospects for Dindigul Farm Product (EnNutrica)?
Dindigul Farm Product (EnNutrica) aims to expand its international presence by entering ASEAN and European markets. They currently supply to various industries including dairy, food ingredients, nutrition, ice cream, and baking across India and internationally.
