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SME IPO Status: Listed [20th Jun 2024 to 24th Jun 2024]
EnNutrica IPO, a SME IPO of ₹34.83 Cr was launced on 20-06-2024 to 24-06-2024 and the shares got listed on BSE SME on 27-06-2024.
The public issue of EnNutrica IPO (544201) was offered at ₹54.00 per share and the ipo was listed at ₹102.60. It has delivered listing gain of 90.00%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 97200.00 per lot return on listing.
| SME IPO Issue Opening Date: | 20th Jun 2024 |
| SME IPO Issue Closing Date: | 24th Jun 2024 |
| SME IPO Issue Price: | ₹51.00-54.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹34.83 Cr |
| Fresh Issue: | ₹34.83 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 80.66% |
| Promoter Holding Post IPO: | 59.36% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544201 |
Get important updates regarding EnNutrica SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 25th Jun 2024 |
| Refunds Initiation* | 26th Jun 2024 |
| Credit of Shares to Demat* | 26th Jun 2024 |
| SME IPO Listing Date* | 27th Jun 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹51.00-54.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹108000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹216000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 27-06-2024 | 54.00 | 68 | 103400 | ₹122 (125.93%) | 27-Jun-2024 10:30 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Dindigul Farm Product Limited was established in September 2010 and is mainly engaged in the processing of whole milk and skimmed milk into dairy ingredients such as milk protein concentrates, skimmed milk powder, milk white, whey protein concentrate, milk whey powder, casein, unbranded cream, butter and fat-filled powder for infant formula. They also follow and fulfil the requirements of various relevant authorities in their industry like FSSAI, Halal, Kosher, Export Import Council of India, Europe Regulations in respect of certain of their products.
It's procurement operations consist of an average procurement of approximately 50,000 litres of milk per day directly from farmers and approximately 30,000-1,00,000 litres of whole milk per day from open market or third party vendors. At the time of writing the RHP, they have established a network of more than 150 village collection points that have direct access to more than 4,000 farmers and more than 50 dairy farms. They buy whole milk either directly from the farmers or via third-party suppliers. We purchase skimmed milk from third-party suppliers, mainly from their group company A R Dairy Food Private Limited.
They market their products under the brand name ENNUTRICA, Activday and currently supply a large number of customers from various industries. In FY 2022-23, the company has sold products in more than 15 states domestically and 3 countries abroad. However, the company is looking to expand its international operations by reaching out to more ASEAN and European countries. The company mainly supplies products to the dairy industry, food ingredient industry, nutrition industry, dairy industry, ice cream industry and bakery industry.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Dairy Products | ₹34.83 Cr | https://ennutrica.com/ |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Capital Expenditure
Working Capital Requirements
General Corporate Purposes
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,226,000 (28.58%) | 920,000 (21.45%) | 2,144,000 (49.98%) | 4,290,000 | |
| 1 | 20th Jun 2024 19:04 | 0.01x | 4.68x | 10.21x | 6.11x |
| 2 | 21st Jun 2024 19:04 | 0.08x | 29.79x | 42.36x | 27.58x |
| 3 | 24th Jun 2024 18:21 | 145.62x | 280.06x | 201.44x | 202.35x |
Dindigul Farm Product Limited's revenue increased by 188.19% and profit after tax (PAT) rose by 225.16% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,123.46 | 2,899.84 | 2,995.07 | 2,995.07 |
| Revenue | 6,876.65 | 8,199.34 | 2,845.07 | 1,840.72 |
| Profit After Tax | 588.40 | 525.79 | -420.08 | -461.19 |
| Net Worth | 393.94 | -1,638.46 | -2,162.72 | -1,742.64 |
| Total Borrowing | 2,263.87 | 2,398.37 | 2,579.25 | 2,716.23 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Dindigul Farm Product Limited | 3.59 | -11.39 | Standalone | |||
| Dodla Dairy Limited | 15.84 | 148.44 | 29.36 | 10.76 | Standalone | |
| Parag Milk Foods Ltd | 6.34 | 69.81 | 11.55 | 8.37 | Standalone | |
| Modern Dairies Ltd. | 5.21 | -41.06 | 3.61 | -12.64 |
Last Updated on 01-Jul-2024 07:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase EnNutrica SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply EnNutrica SME IPO with Zerodha.
Alternate approch to apply in EnNutrica SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
EnNutrica SME IPO Review and Important Updates
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To subscribe or apply in EnNutrica SME IPO, you can use the following methods:
| EnNutrica SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in EnNutrica SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in EnNutrica SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in EnNutrica SME IPO. Most of the Syndicate Banks provide access to apply in EnNutrica IPO via ASBA process. You must have your net banking access, DP ID information to apply in EnNutrica SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in EnNutrica SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
EnNutrica SME IPO Review and Important Updates
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EnNutrica SME IPO is going to be list on 27-06-2024. BSE Code for EnNutrica is 544201.
Other relevant questions:
When EnNutrica SME IPO will be listing? EnNutrica SME IPO BSE listing date?EnNutrica SME IPO date of listing
EnNutrica SME IPO Allotment Date is 25-06-2024.
Other relevant questions:
EnNutrica SME IPO share allotment date?EnNutrica SME IPO allotment date?
