What you must know about Dindigul Farm Product IPO?
by 5paisa Research Team
18 Jun 2024
EnNutrica IPO Details
- Open Date 20-Jun-24
- Close Date 24-Jun-24
- Lot Size 2000
- IPO Size ₹ 34.83 Cr
- IPO Price Range ₹ 51 to ₹ 54
- Min Investment ₹ 108,000
- Listing Exchange BSE SME
- Basis of Allotment 25-Jun-24
- Refunds 26-Jun-24
- Credit to Demat Account 26-Jun-24
- Listing Date 27-Jun-24
Dindigul Farm Product (EnNutrica) IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 20-Jun-24 | 0.01 | 4.68 | 10.21 | 6.11 |
| 21-Jun-24 | 0.08 | 29.79 | 42.36 | 27.58 |
| 24-Jun-24 | 145.62 | 280.06 | 201.44 | 202.35 |
EnNutrica IPO Synopsis
Last Updated: 24th June, 2024 by 5paisa
Dindigul Farm Product IPO (EnNutrica IPO) is all set to open from 20th June to 24th June 2024. The company is engaged in the business of processing whole milk and skimmed milk. The IPO includes a fresh issue of 6,450,000 shares worth ₹34.83 cr. The share allotment date is 25th June 2024, and the IPO will be listed on 27th June 2024 on the stock exchanges. The price band is ₹51 to ₹54 and the lot size is 2000 shares.
Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of EnNutrica IPO
Dindigul Farm Product Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● To fund the working expenditure requirement.
● General corporate purposes.
About Dindigul Farm Product (EnNutrica)
Established in 2010, Dindigul Farm Product is engaged in the business of processing whole milk and skimmed milk which is used to make various dairy products. This includes 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 products are sold under the brand name ENNUTRICA.
The company follows regulations such as FSSAI, Halal, Kosher, Export Import Council of India, Europe Regulations and its manufacturing unit is based in Dindigul. It can provide 50,000 liters per day of milk directly from farmers and around 30,000-1,00,000 liters per day of whole milk from open markets or third-party suppliers. It has a network in more than 150 villages.
Peer Comparison
● Dodla Dairy Limited
● Parag Milk Foods Limited
● Modern Dairies Limited
For More Information:
Webstory on Dindigul Farm Product IPO
Dindigul Farm Product (EnNutrica) Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 81.57 | 28.31 | 17.63 |
| EBITDA | 9.27 | -1.53 | -0.84 |
| PAT | 5.16 | -4.16 | -4.62 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 28.99 | 24.96 | 29.95 |
| Share Capital | 14.38 | 14.38 | 14.38 |
| Total Borrowings | 45.38 | 46.59 | 47.37 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 6.30 | 0.98 | 3.06 |
| Net cash from / (used in) investing activities | -2.62 | 2.29 | -0.73 |
| Net cash flow from / (used in) financing activities | -3.65 | -3.83 | -2.34 |
| Net increase (decrease) in cash and cash equivalents | 0.015 | -0.56 | -0.011 |
EnNutrica IPO Key Points
-
Strengths
1. The company manufactures a variety of products.
2. Its Milk procurement process is efficient.
3. Its processing facility is equipped with machinery and equipment.
4. It focuses on quality and food safety.
5. Experienced promoters and management team.
-
Risks
1. The company has reported losses in the past.
2. It has reported negative cash flow in the past.
3. A major portion of revenue comes from Tamil Nadu, Gujarat and Himachal Pradesh.
4. operates in a competitive environment.
5. High working capital requirements.
EnNutrica
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
There is some issue, try later
By Proceeding, you agree T&C*
EnNutrica IPO FAQs
When does Dindigul Farm Product IPO opens and closes?
Dindigul Farm Product IPO opens from 20th June to 24th June 2024.
What is the size of Dindigul Farm Product IPO?
The size of Dindigul Farm Product IPO is ₹34.83 cr.
How to apply for Dindigul Farm Product IPO?
To apply for Dindigul Farm Product IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Dindigul Farm Product IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Dindigul Farm Product IPO?
The price band of Dindigul Farm Product IPO is fixed at ₹51 to ₹54 per share.
What is the minimum lot size and investment required for Dindigul Farm Product IPO?
The minimum lot size of Dindigul Farm Product IPO is 2000 shares and the investment required is ₹1,02,000.
What is the allotment date of Dindigul Farm Product IPO?
The share allotment date of Dindigul Farm Product IPO is 25th June 2024.
What is Dindigul Farm Product IPO listing date?
The Dindigul Farm Product IPO will be listed on 27th June 2024.
Who are the book runners for Dindigul Farm Product IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager for Dindigul Farm Product IPO.
What is the objective of Dindigul Farm Product IPO?
Dindigul Farm Product plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● To fund the working expenditure requirement.
● General corporate purposes.
EnNutrica IPO Related Articles
