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Dangee Dums IPO is a fixed price issue of Rs 20.07 crores.
Dangee Dums IPO bidding started from August 20, 2018 and ended on August 24, 2018. The allotment for Dangee Dums IPO was finalized on Wednesday, August 29, 2018. The shares got listed on NSE SME on September 3, 2018.
Dangee Dums IPO price is ₹74 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹118,400.
Monarch Networth Capital Ltd is the book running lead manager of the Dangee Dums IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Dangee Dums IPO RHP for detailed information.
| IPO Date | August 20, 2018 to August 24, 2018 |
| Listing Date | September 3, 2018 |
| Face Value | ₹10 per share |
| Price | ₹74 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,712,000 shares (aggregating up to ₹20.07 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 136,000 shares |
Dangee Dums IPO offers 2,712,000 shares. 1,288,000 (47.49%) to NII, 1,288,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 136,000 (5.01%) |
| Other Shares Offered | 1,288,000 (47.49%) |
| Retail Shares Offered | 1,288,000 (47.49%) |
| Total Shares Offered | 2,712,000 (100%) |
Dangee Dums IPO opens on August 20, 2018, and closes on August 24, 2018.
| IPO Open Date | Monday, August 20, 2018 |
| IPO Close Date | Friday, August 24, 2018 |
| Basis of Allotment | Wednesday, August 29, 2018 |
| Initiation of Refunds | Thursday, August 30, 2018 |
| Credit of Shares to Demat | Friday, August 31, 2018 |
| Listing Date | Monday, September 3, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 24, 2018 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹118,400 |
| Retail (Max) | 1 | 1600 | ₹118,400 |
| Lot Size Calculator | |||
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
[Dilip Davda]
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 August 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) |
|---|---|
| Other | 104.01 |
| Retail | 23.85 |
| Total | 63.98 |
| Listing Date | September 3, 2018 |
| BSE Script Code | |
| NSE Symbol | DANGEE |
| ISIN | INE688Y01014 |
| Final Issue Price | ₹74 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹74.00 |
| ₹89.90 |
| ₹89.50 |
| ₹94.35 |
| ₹94.35 |
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: https://ipo.bigshareonline.com/ipo_status.html
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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 August 20, 2018, and closes on August 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 August 20, 2018 and closes on August 24, 2018.
Dangee Dums IPO lot size is 1600 Shares, and the minimum amount required is ₹118,400.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Dangee Dums IPO will be done on Wednesday, August 29, 2018, and the allotted shares will be credited to your demat account by Friday, August 31, 2018. Check the Dangee Dums IPO allotment status.
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