Dindigul Farm Product IPO subscription starts on Thursday, July 20 and ends on Monday, July 24. The IPO is a book-built issue of Rs. 34.83 crores. The issue is entirely fresh issue of 64.50 lakh shares.
Dindigul Farm Product IPO price band set at ₹51/- to ₹54/- with a face value of ₹10/- each. The issue shall be listed on BSE SME (small and medium enterprises) on Thursday, July 27.
The minimum order quantity of the issue is 2000 equity shares. The minimum amount of investment required for Retail is ₹1,08,000. The minimum bid size for sHNI is 2 lots aggregating to ₹2,16,000. The company has reserved 50% shares of the issue for QIB’s (Qualified Institutional Buyers), 15% for NII’s (Non-institutional Investors) and 35% for Retail.
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Beeline Capital Advisors Private Limited is book-running lead manager to the issue. Link Intime India Private Limited is registrar to the issue.
Financials
| Particulars | 23 Dec 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Revenue | 68.77 | 81.99 | 28.45 | 18.40 |
| PAT | 5.89 | 5.17 | -4.17 | -4.62 |
| PAT Margin | 8.57% | 6.33% | -14.71% | -26.20% |
| Cash Flow | 1.12 | 6.30 | 0.97 | 3.06 |
| Borrowings | 22.64 | 23.98 | 25.79 | 27.16 |
Risk Factors
- The company have experience negative cash flows in the period ended December 23, 2023, and in Fiscal 2023, Fiscal 2022 and Fiscal 2021.
- The company is dependent on few suppliers for purchase of product.
Objects of the issue
- Funding capital expenditure
- To meet working capital requirements
- General corporate purposes
- Issue related expenses.
About Dindigul Farm Product Limited
Incorporated in 2010, as “Dindigul Farm Product Private Limited” further converted to “Dindigul Farm Product Limited”, has production of Skimmed Milk Powder, Milk Protein Concentrates, Milk Whey Powder, Whey Powder, Whey Protein Concentrates, Evaporated Milk, Whole Milk Powder, Dairy Whitener and Casein from Skimmed Milk.