Dindigul Farm Product Ltd

Dindigul Farm Product Ltd IPO

Dindigul Farm Product Ltd IPO Price Range is ₹51 - 54, with a minimum investment of ₹1,08,000 for 2000 shares.

₹1,08,000

/ 2000 shares

Minimum Investment

View Dindigul Farm Product Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹51 - 54

Open Date

2024-06-20

Close Date

2024-06-24

IPO Size

₹34.83 Cr

Lot Size

2000 shares

Min Investment

₹1,08,000

Listing Exchange

BSE

Dindigul Farm Product Ltd IPO Application Timeline

passed
Open Date20 Jun 2024
passed
Close Date24 Jun 2024
passed
Allotment Date25 Jun 2024
passed
Listing Date27 Jun 2024

IPO Subscription Status

IPO subscribed over

🚀 188.13x

This IPO has been subscribed by 201.44x in the retail category and 145.62x in the QIB category.

Subscription Rate

Total Subscription188.13x
Retail Individual Investors201.44x
Qualified Institutional Buyers145.62x
Non Institutional Investors207.05x
NameDindigul Farm Product Ltdx

Strengths and Risks

Strengths

Strengths

  • Diverse product basket.

  • Milk procurement process.

  • State of the art infrastructure.

  • Experienced Promoters and Management Team.


Risks

Risks

  • The company has incurred net losses during Fiscal 2022 and Fiscal 2021 and its inability to achieve profitability in future may have an adverse effect on its operations. Further the company had negative networth for the past three fiscal years.

  • Any increase in the cost of its raw material or a shortfall in the supply of the company raw materials, may adversely affect the pricing and supply of its products and have an adverse effect on the companys business, results of operations and financial condition.

  • Real or perceived product contamination could result in reduced sales, product liability and damage to its reputation, and subject it to regulatory action.

  • The company has experienced 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. Loss of any of these largesuppliers may affect its business operations.

  • The company does not receive firm and long-term volume purchase commitments from its customers. If the company customers choose not to renew their supply contracts with it or continue to place orders with the company, its business and results of operations will be adversely affected.

  • Its business is dependent and will continue to depends on the company processing facility, and the company is subject to certain risks in its processing operations such as the breakdown or failures of equipment, industrial accidents, injury to employees, severe weather conditions and natural disasters.

  • The company derives a significant portion of its revenue from certain customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for its products could adversely affect the companys business, results of operations, financial condition and cash flows.

  • The Company has in the past not complied with the certain provisions of the Companies Act, 2013.

  • Its proposed expansion plan relating to the company processing facility are subject to the risk of unanticipated delays in implementation, cost overruns. If the company is unable to implement the expansion plans at the planned cost, it could materially and adversely impact its business, results of operations and financial condition.

How to Apply for Dindigul Farm Product Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select Dindigul Farm Product Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About Dindigul Farm Product Ltd

Established in 2010, the company is primarily engaged in processing of whole milk and skimmed milk to make dairy ingredients including, milk protein concentrates, skimmed milk powder, dairy whitener, whey protein concentrate, milk whey powder, casein, unbranded cream and butter and fat filled powders for infant milk formula. Its processing facility is situated at Dindigul and is spread over 15 acres. Its management system has been assessed and determined to comply with the requirements of FSSC 22000. The Company is also follow and comply with requirements of various relevant authorities in its industry such as FSSAI, Halal, Kosher, Export Import Council of India, Europe Regulations in respect of certain of its products. The Company has also obtained registration cum membership certificate from APEDA.

Frequently Asked Questions of Dindigul Farm Product Ltd IPO

What is the size of the Dindigul Farm Product Ltd IPO?

The size of the Dindigul Farm Product Ltd IPO is ₹34.83 Cr.

What is the allotment date of the Dindigul Farm Product Ltd IPO?

Dindigul Farm Product Ltd IPO allotment date is Jun 25, 2024 (tentative).

What are the open and close dates of the Dindigul Farm Product Ltd IPO?

The Dindigul Farm Product Ltd IPO will open on Jun 20, 2024 and close on Jun 24, 2024

What is the lot size of Dindigul Farm Product Ltd IPO?

The lot size for the Dindigul Farm Product Ltd IPO is 2000.

When will my Dindigul Farm Product Ltd IPO order be placed?

Your Dindigul Farm Product Ltd IPO order will be placed on Jun 20, 2024

Can we invest in Dindigul Farm Product Ltd IPO?

Yes, once Dindigul Farm Product Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the Dindigul Farm Product Ltd IPO?

The potential listing gains on the Dindigul Farm Product Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for Dindigul Farm Product Ltd IPO?

'Pre-apply' for Dindigul Farm Product Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.