Dindigul Farm Product Limited

Company Profile
Company Name Dindigul Farm Product Limited
Open Date 20-06-2024
Close Date 24-06-2024
Exchange BSE SME
Lot Size 2000 Shares
Issue Price ₹51 to ₹54 per share
Issue Size 64,50,000 shares
Application Amount ₹1,08,000
Recommendation Avoid
Incorporated in 2010, Dindigul Farm Product Limited has its registered office in Tamil Nadu and processes whole milk and skimmed milk to produce various 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. The company has established a network of over 150 village collection centres, providing direct access to more than 4,000 farmers and 50 dairy farms. The company sells its products under the brand names ENNUTRICA and Activday, and it currently serves a broad range of customers across various industries. The company has sold its products in over 15 states within the country and 3 countries internationally. The company employs 101 people on various levels on its payroll as of December 23rd, 2023.
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Financial Summary in Lakhs

For the Period Ended FY 21 FY 22 FY 23 Dec-23
Total Assets 2,995.10 2,496.44 2,899.83 5,123.46
Net Assets - - - 393.94
Total Borrowings 2,716.23 2,579.25 2,471.29 2,263.87
Total Revenue 1,840.72 2,845.08 8,199.34 6,876.65
Profit After Tax - 461.19 - 420.08 525.79 588.40

Tentative Timeline

Opening Date 20-06-2024
Closing Date 24-06-2024
Basis of Allotment 25-06-2024
Initiation of Refunds 26-06-2024
Credit of Shares to Demat 26-06-2024
Listing Date 27-06-2024

Objects of the Issue

Capital Expenditure.
. Working Capital Requirements.
General Corporate Purposes.

Contact Information

Registered Office Dindigul Farm Product Limited 2/52-3, Pillaiyarnatham Pithalaipatty Post, Dindigul, Dindigul,-624002
Phone +91 94980 99930
Email cs@ennutrica.com
Website https://ennutrica.com/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email dindigulfarm.ipo@linkintime.co.in
Website https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 80.66%
Share Holding Post Issue (Promoters) 59.36%

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