Incorporated in 2010, Ahmedabad based Dangee Dums Limited is a company engaged in the business of cakes, chocolates, and desserts.
The company manufactures the following products:
1. Cakes and Pastries
2. Designer Cake
3. Chocolates
4. Cupcakes and Ice creams
5. Other Bakery Products
Dangee Dums has recently introduced ice cream which is receiving a very good response from the customers. The
other products are Artisan Breads, Candies, Cookies, Khari Toast, Thick shakes, Softies, Savouries, and beverages.
The company has a 25000 square feet manufacturing facility in Ahmedabad. It has 87 outlets across Gujarat with 46 outlets in Ahmedabad, 23 in Surat, 12 in Vadadora, 3 each in Gandhinagar and Surat.
Dangee Dums was awarded as the "best dessert place in Ahmedabad" in Times Food Award on February 12, 2012.
The company has 254 permanent employees on its payroll.
Strengths of the Company-
1. Widespread footprint across Gujarat with 81 stores
2. Sales growth of 60% CAGR on a YoY basis
3. Established brand in Gujarat
The promoters of the company are Mr. Nikul Jagdishchandra Patel, Mrs. Foram Nikul Patel, and Mr. Ravi Hemantkumar Patel. They together hold 70,35,500 Equity Shares constituting 93.18 % of the issued and paid-up Equity Share capital of the Company.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 4,367.23 | 2,716.77 | 1,552.91 | 845.43 | 309.28 | |
| Total Revenue | 3,657.86 | 1,996.12 | 1,153.12 | 598.39 | 295.34 | |
| Profit After Tax | 154.77 | 90.52 | (513.16) | (288.03) | (127.59) | |
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | ||||||
| Total Assets | 2,716.49 | |||||
| Total Revenue | 1996.12 | |||||
| Profit After Tax | 90.50 | |||||
The objects of the issue are-
1. Repayment of Existing Secured Loans
2. Purchase of Fixed Assets
3. General Corporate Expense
4. Issue Expenses
| Issue Open | Aug 20, 2018 - Aug 24, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 2,712,000 Eq Shares of Rs 10 (aggregating up to Rs 20.07 Cr) |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 74 Per Equity Share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Bid/Offer Opens On | Aug 20, 2018 |
| Bid/Offer Closes On | Aug 24, 2018 |
| Finalisation of Basis of Allotment | Aug 29, 2018 |
| Initiation of Refunds | Aug 30, 2018 |
| Credit of Shares to Demat Acct: | Aug 31, 2018 |
| IPO Shares Listing Date: | Sep 3, 2018 |
No. of Times Issue Subscribed (BSE + NSE) | |||||||
|---|---|---|---|---|---|---|---|
As on Date & Time | |||||||
Shares Offered | 1,288,000 | 1,288,000 | 2,576,000 | ||||
Aug 24, 2018 18:25 | 104.01x | 23.85x | 63.98x | ||||
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