Dindigul Farm Merchandise IPO is a 6450000 fairness percentage with a value band of Rs.51-54 in keeping with fairness percentage on the face worth of Rs.10. The IPO is obvious from 20 -Twenty fourth June, 2024.
Dindigul Farm Merchandise Restricted is basically preoccupied in processing of Entire milk and skimmed milk to create dairy components together with milk protein concentrates, skimmed milk powder, dairy whitener, whey protein pay attention, milk whey powder, casein, unbranded cream, butter and fat-filled powders for toddler milk components. The processing facility is located at Dindigul, Tamil Nadu, and Republic of India and is unfold over 15 acres.
Dindigul Farm Product Restricted IPO main points:
Overall Fairness Stocks- 64,50,000
Worth Band – Rs.51-54
Factor type- Pristine issue-book manufacture
Face Price- Rs.10
Dozen Dimension- 2000
Marketplace maker quota- 3,26,000 fairness stocks
Retail quota- 21,44,000 fairness stocks
HNI Quota- 9, 20,000 fairness stocks
Web QIB Quota- 12,26,000 fairness stocks
IPO dimension (Rs.in crs) – 34.83 (at higher value band)
The corporate plans to allocate the online proceeds from the problem to please see functions:
Investment Capital Expenditure
To fulfill running capital requirement
In regards to the Corporate
The corporate is basically preoccupied in processing of skimmed milk from complete milk to create dairy components and has a assorted product basket. The corporate procures 50,000 litres of milk immediately from farmers and round 30,000-1, 00,000 litres of complete milk from obvious marketplace or 3rd birthday party providers. The corporate has constructed a community of greater than 150 village assortment centres, with direct get right of entry to to greater than 4000 farmers and greater than 50 dairy farms. The corporate merchandise are advertised beneath the emblem Ennutrica. In Fy2022-23, the corporate has offered merchandise in 15 states in Republic of India and three international locations the world over and objectives to extend its global operations through taking a look to go into extra ASEAN and Ecu international locations.
FINANCIAL PERFORMANCE:
At the monetary efficiency entrance, for the extreme 3 fiscals, the corporate has posted a complete Earnings/internet benefit/ – (loss) of Rs. 18.40 cr. / Rs. – (4.62) cr in FY2021, Rs. 28.45 cr. / Rs. – (4.16) crin FY2022, and Rs. 81.99 cr. / Rs. 5.16 cr in FY2023. For 267 days of FY24 ended on December 23, 2023, it earned a internet benefit of Rs. 5.89 cr. on a complete source of revenue of Rs. 68.76 cr. For the extreme 3 fiscals, it has reported a mean EPS of Rs. – Rs. 0.84, and a mean RoNW of (No longer ascertainable) %. The problem is priced at a P/BV of 23.58 in accordance with its NAV of Rs. 2.29 as of December 23, 2023, and at a P/BV of three.09 in accordance with its post-IPO NAV of Rs. 17.46 in keeping with percentage (on the higher cap).
The corporate has posted PAT margins of FY2021 : – (26.20) %, FY2022: – (14.71) %, FY2023: 6.33%, 267D-FY24- 8.57%.
Accumulation Operating Top Supervisor to the problem is Beeline Capital Advisors Personal Restricted, and the Registrar to the problem is Hyperlink Intime Republic of India Personal Restricted.
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