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15 Days Price Change

Dindigul FarmProd IPO

Closing In

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Profile
Issue Size --
Profile
Price Range 51  to  54 per share
Profile
Min Investment ₹54
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Dindigul Farm Product Pvt Ltd's EnNutrica Proteins Division, established in 2011, is a pioneer in the dairy industry, specializing in the production of a diverse range of high-quality dairy products. Our state-of-the-art facility in Dindigul, Tamil Nadu, is equipped to manufacture a variety of products, including skimmed milk powder, milk protein concentrates, whey powder, and more. Procuring milk from the reputable Raaj Group's Milk Division, "Raaj Milk," ensures a consistent and abundant source of raw material. With a robust network of chilling centers spanning 18 districts in Tamil Nadu, we guarantee the freshness and quality of our dairy products. Under brands like Raaj and Malabar, we market our packed liquid retail pouch milk and curd, serving consumers in Tamil Nadu and Kerala. Additionally, our protein products, known as Formula 7+, Formula 8, and Formula 8+, cater to businesses seeking premium quality proteins. EnNutrica Proteins Division also provides retail packs under the ActivDay brand, offering products such as PRIME, CHOCO, Premium, and JUNIOR, aimed at meeting diverse nutritional needs. Our commitment to quality, innovation, and customer satisfaction drives us to deliver excellence in every product we offer, ensuring the health and wellness of our consumers. Read More

Basic Info

Face Value 10 per share

Price 51  to  54 per share

P/E (x) -21.6

Sales( Cr.) 62

PAT( Cr.) -6

EPS -2.5

Draft Prospectus --

Exchange BSE-SME

Promoter

Company Promoters

R Rajasekaran Rajadharshini Rajasekaran Indrayani Biotech Limited

Pre Issue Share Holding 80.66%

Post Issue Share Holding 59.36%

Listing Details:

Listing Price: 102.6

Listing Gain: 47.37%

Current Price: 20

Gain On Issue: 20 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jun 20, 2024
Closing Date Jun 24, 2024
Allotment Jun 25, 2024
Refund Jun 26, 2024
Delivery of Shares Jun 26, 2024
Listing Date Jun 27, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 108,000
Retail (Max) 1 2000 108,000
S-HNI (Min) 2 4000 216,000
S-HNI (Max) 9 18000 972,000
B-HNI (Min) 10 20000 1,080,000

Objective of the Issue

1. Capital Expenditure 2. Working Capital Requirements 3. General Corporate Purposes

Issue

Category Nos Bid Bid (x)
QIB 3225000 469624500 145.6x
NII 967500 270958050 280.1x
Retail 2257500 454750800 201.4x
EMP 0 0 0x
Total 6450000 1305157500 202.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Dindigul FarmProd Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 18 28 82 86 62
Other Income 1 0 0 0 1
Total Income 18 28 82 86 63
Total Expenditure 18 30 72 73 63
Operating Profit -0 -1 10 13 0
Interest 2 2 3 3 3
Depreciation 2 2 2 2 2
Exceptional Income / Expenses 0 2 0 0 0
Profit Before Tax -5 -4 5 8 -4
Provision for Tax 0 0 0 -1 1
Profit After Tax -5 -4 5 9 -6
Adjustments 0 0 0 0 0
Profit After Adjustments -5 -4 5 9 -6
Adjusted Earnings Per Share -3.2 -2.9 3.6 4.9 -2.3

Dindigul FarmProd Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -17 -22 -16 10 35
Minority's Interest 0 0 0 0 0
Borrowings 21 19 20 15 16
Other Non-Current Liabilities -0 -0 -0 -1 -0
Total Current Liabilities 26 27 26 28 13
Total Liabilities 30 25 29 53 64
Fixed Assets 14 12 13 11 14
Other Non-Current Assets 1 1 1 1 8
Total Current Assets 15 12 15 40 42
Total Assets 30 25 29 53 64

Dindigul FarmProd Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 0 0 0
Cash Flow from Operating Activities 3 1 6 -8 -12
Cash Flow from Investing Activities -1 2 -3 -2 -11
Cash Flow from Financing Activities -2 -4 -4 9 24
Net Cash Inflow / Outflow -0 -1 0 -0 -0
Closing Cash & Cash Equivalent 1 0 0 0 0

Dindigul FarmProd Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -3.21 -2.9 3.59 4.86 -2.3
CEPS(Rs) -1.57 -1.48 4.94 6.05 -1.53
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) -12.12 -15.04 -11.39 5.75 14.41
Core EBITDA Margin(%) -4.75 -5.38 11.38 15.15 -0.82
EBIT Margin(%) -13.72 -5.98 9.51 12.69 -2.56
Pre Tax Margin(%) -26.2 -14.71 6.33 8.96 -7.22
PAT Margin (%) -26.2 -14.71 6.33 10.22 -9.05
Cash Profit Margin (%) -12.83 -7.54 8.71 12.71 -6.04
ROA(%) -15.57 -15.33 19.35 21.46 -9.59
ROE(%) 0 0 0 0 -24.65
ROCE(%) -57.08 -132.62 262.36 58.78 -3.86
Receivable days 62.61 42.18 11.82 9.32 18.94
Inventory Days 152.76 79.61 31.02 50.01 65.45
Payable days 607.24 335.01 126.33 141.96 132.39
PER(x) 0 0 0 0 0
Price/Book(x) 0 0 0 0 1.64
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 2.01 1.21 0.47 0.43 1.22
EV/Core EBITDA(x) -573.66 -24.64 3.95 2.85 274.16
Net Sales Growth(%) 0 60.62 188.07 4.84 -27.46
EBIT Growth(%) 0 29.99 558.11 39.89 -114.66
PAT Growth(%) 0 9.84 224.03 69.17 -164.22
EPS Growth(%) 0 9.84 224.03 35.32 -147.27
Debt/Equity(x) -1.24 -0.92 -1.46 1.84 0.51
Current Ratio(x) 0.57 0.45 0.6 1.4 3.14
Quick Ratio(x) 0.32 0.3 0.26 0.89 2.56
Interest Cover(x) -1.1 -0.69 2.99 3.4 -0.55
Total Debt/Mcap(x) 0 0 0 0 0.31

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -28% 30% 0% 0%
Operating Profit CAGR -100% 0% 0% 0%
PAT CAGR -167% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -28% NA% NA% NA%
ROE Average -25% -8% -5% -5%
ROCE Average -4% 106% 26% 26%

Company Contact Information

Dindigul Farm Product Ltd.

2/52-3, Pillaiyarnatham Pithalaipatty Post

IPO Lead Manager(s)

Dindigul Farm Product Ltd.

Beeline Capital Advisors Pvt Ltd.

Registrar Info

Dindigul Farm Product Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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