Dindigul Farm Product Limited
Book Built Issue IPO · BSE
- Price band
- ₹51 - ₹54
- Lot size
- 2,000 shares
- Issue amount
- ₹34.83 cr
- Total subscription
- 202.42×
- Opens
- 20 Jun 2024
- Closes
- 24 Jun 2024
- Allotment
- 25 Jun 2024
- Listing
- 27 Jun 2024
Offer at a glance
Issue overview
- Issue size
- 64,50,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,02,000
- Fresh issue
- ₹34.83 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,08,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,79,79,280
- Shares after issue
- 2,44,29,280
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,08,000 |
| HNI | 2 | 4,000 | ₹2,16,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 6.62 | 964.04 |
| RETAIL | 11.58 | 2,332.23 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 4.09 | 3.59 | -2.9 |
| ROE | -0.95 | 0 | 0 |
| ROCE | 0.62 | 0 | 0 |
| RONW | 149.49 | 0 | 0 |
| PRE IPO(PE) | 18.47 | 0 | 0 |
| POST IPO(PE) | 16.81 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Dindigul Farm Product Limited, established in 2010, is a leading dairy processing company specializing in converting whole and skimmed milk into high-quality dairy ingredients. Their product range includes milk protein concentrates, skimmed milk powder, whey protein concentrate, dairy whitener, casein, butter, unbranded cream, and fat-filled powders used in infant milk formula. Operating from a 15-acre processing unit in Dindigul, the company complies with FSSAI, Halal, Kosher, Export Import Council of India, and European standards, ensuring top-tier quality. With a strong network of over 150 village collection centers, Dindigul Farm Product directly sources milk from more than 4,000 farmers and 50 dairy farms. Their products, marketed under the brands ENNUTRICA and Activday, reach customers across 15+ states in India and three international markets. As of December 23, 2023, the company employed 101 staff members, supported by additional contract workers.
Strengths
- Wide Product Range: Dindigul Farm Product Limited offers a variety of dairy ingredients, catering to diverse customer needs across multiple industries.
- Strong Milk Procurement Network: With over 150 village collection centers and direct ties to 4,000+ farmers and 50 dairy farms, the company ensures a steady and reliable supply of raw milk.
- Modern Processing Facilities: Its state-of-the-art 15-acre facility in Dindigul meets high production standards and complies with key regulatory certifications, including FSSAI, Halal, Kosher, and European regulations.
Risk factors
- Financial Struggles: The company has faced net losses in recent years, with a negative net worth for three consecutive fiscal years, raising concerns about long-term sustainability.
- Raw Material Challenges: Rising costs or supply shortages of raw materials could impact product pricing and availability, affecting overall business performance.
- Product Safety Risks: Any real or perceived contamination could harm sales, lead to liability issues, damage the company's reputation, and trigger regulatory actions.
Promoters
R Rajasekaran
Rajadharshini Rajasekaran
Indrayani Biotech Limited
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
2/52-3, Pillaiyarnatham Pithalaipatty, Post, Dindigul, Dindigul,-624002
+91 94980 99930
[email protected]Company website ↗Understanding DFPL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.