IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
Upto 64,50,000 equity shares
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |About Dindigul Farm Product Ltd
Established in 2010, Dindigul Farm Product is primarily engaged in the processing of whole milk and skimmed milk to make dairy ingredients, including milk protein concentrates, skimmed milk powder, dairy whitener, whey protein concentrate, milk whey powder, casein, unbranded cream, butter and fat-filled powders for infant milk formula. Their processing facility is situated at Dindigul and is spread over 15 acres.
The company’s procurement operations consist of an average procurement of approximately 50,000 litres per day of milk directly from farmers and around 30,000-1,00,000 litres per day of whole milk from the open market or third-party suppliers. They have built a network of more than 150 village collection centres, with direct access to more than 4,000 farmers and more than 50 dairy farms. They procure whole milk either directly from the farmers and through third-party suppliers.
The total size of the dairy market was about ₹13.17 lakh crore in 2021. The dairy market has been growing at about 15% per annum during the last 15 years and is expected to reach a market size of about ₹30.84 lakh crore by 2027. An organised player like Dindigul Farm Product can benefit from such an expansion of this industry.
Dindigul Farm Product Ltd IPO Details
Dindigul Farm Product Ltd IPO Dates
The dates for bidding for the Dindigul Farm Product IPO are yet to be announced.
Dindigul Farm Product Ltd IPO Price Band
Dindigul Farm Product is a book-built IPO. The exact price is yet to be announced.
Dindigul Farm Product Ltd IPO Lot Size
The Dindigul Farm Product Ltd IPO lot size is not announced yet.
Dindigul Farm Product Ltd IPO Objectives
The proceeds from the fresh issue will be used for:
- Capital expenditure
- Working capital requirements
- General corporate purposes
Peer Details
The following are the listed peer companies of Dindigul Farm Product in India:
- Dodla Dairy Limited
- Parag Milk Foods Limited
- Modern Dairies Limited
How To Check the Allotment Status of the Dindigul Farm Product Ltd IPO?
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Contact Details of Dindigul Farm Product Ltd
Registered office: 2/52-3, Pillaiyarnatham Pithalaipatty Post, Dindigul, Tamil Nadu, India, 624002
Phone: 045 4429 0099/+91 94980 99930
E-mail: cs@ennutrica.com
IPO Financials
| Particulars | Period Ending on December 23, 2023 (Amount in ₹ lakhs) | Year Ending on March 31, 2023 (Amount in ₹ lakhs) | Year Ending on March 31, 2022 (Amount in ₹ lakhs) | Year Ending on March 31, 2021 (Amount in ₹ lakhs) |
|---|---|---|---|---|
| Total Income | 6,876.65 | 8,199.34 | 2,845.07 | 1,840.72 |
| Total Comprehensive Income | 588.40 | 525.79 | (420.08) | (461.19) |
| Debt-Equity Ratio | 4.63 | -1.21 | -0.91 | -1.23 |
| Current Ratio | 1.33 | 0.60 | 0.45 | 0.57 |
Know before investing
Strengths
2-
Their processing facility is equipped with machinery and equipment like Micro Filtration, Ultra Filtration, Nano Filtration, Reverse Osmosis, Evaporation, Crystallisation and Drying processes and Pasteurisation Techniques as followed by the International standards for Dairy processing.
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Their diverse product offering allows them to cater to the increasing requirements of their customers in various industries. They are marketing their products under the brand name “ENNUTRICA” and ActivDay. Their Milk Protein Concentrates, Casein, Skimmed Milk powder, Whey Powder, Dairy Whitener and Sodium Caseinates are mainly used in the nutrition industry, dairy industry, ice cream industry and baking industry.
Risks
2-
The company has incurred net losses during Fiscal 2022 and Fiscal 2021 and our inability to achieve profitability in future may have an adverse effect on our operations.
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The company is subject to various regulations relating to product liability, particularly those concerning the food safety of its products. As it sells products intended for human consumption, the company faces inherent risks, such as product contamination or spoilage, tampering, and other forms of adulteration. This is especially true for milk, which is a perishable product.
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Dindigul Farm Product Ltd IPO FAQs
Dindigul Farm Product’s IPO is a book-built IPO. The dates for the IPO are yet to be announced.
The date of allotment is not announced yet.
The IPO subscription window is not announced yet.
The lot size for the IPO is yet to be announced.
The listing date for Dindigul Farm Products is not announced yet.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is yet to be announced.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
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