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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
| 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
| Dangee Dums IPO Date | Aug 20, 2018 to Aug 24, 2018 |
| Dangee Dums IPO Face Value | ₹10 per share |
| Dangee Dums IPO Price | ₹74 per share |
| Dangee Dums IPO Lot Size | 1600 Shares |
| Issue Size | 2,712,000 shares of ₹10 (aggregating up to ₹20.07 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | 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. |
Dangee Dums IPO opens on Aug 20, 2018, and closes on Aug 24, 2018. The Dangee Dums IPO bid date is from Aug 20, 2018 10.00 A.M. to Aug 24, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Dangee Dums IPO Opening Date | Aug 20, 2018 |
| Dangee Dums IPO Closing Date | Aug 24, 2018 |
| Basis of Allotment | Aug 29, 2018 |
| Initiation of Refunds | Aug 30, 2018 |
| Credit of Shares to Demat | Aug 31, 2018 |
| Dangee Dums IPO Listing Date | Sep 3, 2018 |
The Dangee Dums IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹118,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹118,400 |
| Retail (Max) | 1 | 1600 | ₹118,400 |
Company’s top line has shown gradual increase with bottom line too marking some improvement. Thanks to hefty premiums kitty that is saving it from negative book value. Based on its spread across Gujarat and the product basket, outlook appears fairly promising. But being fully priced issue, risk savvy investors may consider investment at their own risk.
Read detail review...The Dangee Dums IPO is subscribed 63.98 times on Aug 24, 2018 6:25:01 PM. The public issue subscribed 23.85 times in the retail category, times in the QIB category, and 104.01 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 104.01 |
| Retail | 23.85 |
| Total | 63.98 |
| Listing Date | Monday, September 3, 2018 |
| BSE Script Code | |
| NSE Symbol | DANGEE |
| Listing In | |
| ISIN | INE688Y01014 |
| IPO Price | ₹74 per share |
| Face Value | ₹10 per share |
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Dangee Dums Limited
4/A, Ketan Society,
Nr. Sardar Patel Colony, Naranpura,
Ahmedabad - 380 014, Gujarat, India
Phone: 079-27681878
Email: cs@dangeedums.com
Website: http://www.dangeedums.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Dangee Dums IPO is a SME IPO of 2,712,000 equity shares of the face value of ₹10 aggregating up to ₹20.07 Crores. The issue is priced at ₹74 per share. The minimum order quantity is 1600 Shares.
The IPO opens on Aug 20, 2018, and closes on Aug 24, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Dangee Dums IPO opens on Aug 20, 2018 and closes on Aug 24, 2018.
Dangee Dums IPO lot size is 1600 Shares and the minimum order quantity is .
You can apply in Dangee Dums IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Dangee Dums IPO will be done on Aug 29, 2018, and the allotted shares will be credited to your demat account by Aug 31, 2018. Check the Dangee Dums IPO allotment status.
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