Incorporated in 1992, Tasty Dairy Specialities Ltd is engaged in processing milk, along with bulk milk procurement and handling during season time which primarily caters to bulk and marquee institutional customers. Company is further involved in value added milk products like Skimmed Milk Powder, Butter, Ghee, Dairy Whitener, Concentrated Milk etc.
They have wide range of quality dairy products which includes Pasteurized Liquid Milk, Cream, Butter (White/Salted), Pure Desi Ghee (Clarified Butter), Paneer (Fresh Cottage Cheese), Skimmed Milk Powder, Full Cream Milk Powder, Dairy Whitener, Instant Gulab Jamun Mix, Peda (an Indian Sweet), Mithai Powder etc. Thhey are packaged under the brand names “UJJWAL”, “SHIKHAR”, “VERIFRESH”, "CIMA", "MITHAI MASTER" and are available in Uttar Pradesh, Madhya Pradesh and Bihar,
Currently they process approximately 5,00,000 litres of raw milk which comprises of 1,60,000 litres of milk packaging, 20,000 litres of buttermilk packaging, 2,20,000 Litres of Skimmed Milk Powder and Ghee and 2,00,000 litres of bulk milk processing.
Company's customer base includes Delhi Milk scheme (a Central Government of India Organisation), Mother Dairy (wholly owned subsidiary of the National Dairy Development Board (NDDB)), Parle Products, Sterling Agro Industries Limited, Kwality Dairy Limited, Perfetti Van Melle etc.
The Promoters of the Company are:
1. Mr. Atul Mehra
2. Mr. Prem Nandan Mehra
3. Mrs. Sonia Mehra
The object of the issue are:
1. To meet Working Capital Requirements
2. General Corporate Purposes
3. To meet the Issue Expenses
»» Issue Open: Feb 7, 2018 - Feb 12, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 5,430,000 Equity Shares of Rs 10 aggregating up to Rs 24.44 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 45 Per Equity Share
»» Market Lot: 3000 Shares
»» Minimum Order Quantity: 3000 Shares
»» Listing At: BSE SME
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||2,577,000||2,577,000||276,000||5,430,000|
|Day 1 - Feb 7, 2018 17:00 IST||0||2,508,000||1,863,000||-||4,371,000|
|Day 2 - Feb 8, 2018 17:00 IST||0||7,662,000||3,330,000||-||10,992,000|
|Day 3 - Feb 9, 2018 17:00 IST||0||7,932,000||7,668,000||-||15,600,000|
|Day 4 - Feb 12, 2018 17:00 IST||0||400,263,000||104,628,000||-||504,891,000|
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