The Dindigul Farm Product Limited (EnNutrica)- IPO

The Dindigul Farm Product Limited IPO opened for subscription on June 20, 2024, and closed on June 24, 2024. Allotment for the Dindigul Farm IPO is expected to be finalized on Tuesday, June 25, 2024. The Dindigul Farm IPO price band is set at Rs 51 to Rs 54 per share, and the IPO lot size is 2,000 shares. The Dindigul Farm IPO will list on BSE SME with a tentative listing date set for Thursday, June 27, 2024.

This IPO is a book-built issue of Rs 34.83 crores. The issue consists entirely of a fresh issue of 64.5 lakh shares.

EnNutrica IPO Detail

EnNutrica IPO Lot Size

EnNutrica IPO Objectives

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

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

About Company (Dindigul Farm Product)

Dindigul Farm Product Limited was established in September 2010 and is primarily involved in processing 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. The company operates a processing unit in Dindigul, covering an area of 15 acres.

Their procurement operations involve acquiring approximately 50,000 liters of milk per day directly from farmers and between 30,000 to 100,000 liters of whole milk per day from the open market or third-party vendors. As of the RHP (Red Herring Prospectus) filing, they have established a network of over 150 village collection points that directly engage with more than 4,000 farmers and over 50 dairy farms. They procure whole milk either directly from farmers or through third-party suppliers. Skimmed milk is primarily purchased from their group company, A R Dairy Food Private Limited.

Dindigul Farm Product Limited Financial Information

Winny Immigration IPO Timeline

Conclusion

Dindigul Farm Product Limited, established in September 2010, specializes in processing whole milk and skimmed milk into a variety of dairy ingredients essential for various industries, including infant formula. With a robust procurement network encompassing direct engagement with thousands of farmers and extensive operations in Dindigul, the company is poised for growth in the dairy processing sector. Their commitment to quality and efficient supply chain management underscores their potential in meeting market demand effectively.