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Dindigul Farm Product Limited IPO (EnNutrica IPO) Detail

June 20, 2024 - June 24, 2024

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

EnNutrica IPO bidding started from June 20, 2024 and ended on June 24, 2024. The allotment for EnNutrica IPO was finalized on Tuesday, June 25, 2024. The shares got listed on BSE SME on June 27, 2024.

EnNutrica IPO price band is set at ₹51 to ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹216,000.

Beeline Capital Advisors Pvt Ltd is the book running lead manager of the EnNutrica IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for EnNutrica IPO is Spread X Securities.

Refer to EnNutrica IPO RHP for detailed information.

EnNutrica IPO Details

IPO Date June 20, 2024 to June 24, 2024
Listing Date June 27, 2024
Face Value ₹10 per share
Price Band ₹51 to ₹54 per share
Lot Size 2000 Shares
Total Issue Size6,450,000 shares
(aggregating up to ₹34.83 Cr)
Fresh Issue6,450,000 shares
(aggregating up to ₹34.83 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue17,979,280
Share holding post issue24,429,280
Market Maker portion326,000 shares
Spread X Securities

EnNutrica IPO Reservation

EnNutrica IPO offers 6,450,000 shares. 1,226,000 (19.01%) to QIB, 920,000 (14.26%) to NII, 2,144,000 (33.24%) to RII and 1,834,000 (28.43%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,834,000 (28.43%)
Market Maker Shares Offered326,000 (5.05%)
QIB Shares Offered1,226,000 (19.01%)
NII (HNI) Shares Offered920,000 (14.26%)
Retail Shares Offered2,144,000 (33.24%)
Total Shares Offered6,450,000 (100%)

EnNutrica IPO Anchor Investors Details

EnNutrica IPO raises Rs 9.90 crore from anchor investors. EnNutrica IPO Anchor bid date is June 19, 2024. EnNutrica IPO Anchor Investors list

Bid Date June 19, 2024
Shares Offered 1,834,000
Anchor Portion Size (In Cr.) 9.90
Anchor lock-in period end date for 50% shares (30 Days) July 25, 2024
Anchor lock-in period end date for remaining shares (90 Days) September 23, 2024

EnNutrica IPO Timeline (Tentative Schedule)

EnNutrica IPO opens on June 20, 2024, and closes on June 24, 2024.

IPO Open Date Thursday, June 20, 2024
IPO Close Date Monday, June 24, 2024
Basis of Allotment Tuesday, June 25, 2024
Initiation of Refunds Wednesday, June 26, 2024
Credit of Shares to Demat Wednesday, June 26, 2024
Listing Date Thursday, June 27, 2024
Cut-off time for UPI mandate confirmation 5 PM on June 24, 2024

EnNutrica IPO Lot Size

Investors can bid for a minimum of 2000 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 2000 ₹108,000
Retail (Max) 1 2000 ₹108,000
HNI (Min) 2 4,000 ₹216,000
Lot Size Calculator

EnNutrica IPO Promoter Holding

The promoters of the company are R Rajasekaran, Rajadharshini Rajasekaran and Indrayani Biotech Limited.

Share Holding Pre Issue 80.66%
Share Holding Post Issue 59.36%

About Dindigul Farm Product Limited

Incorporated in 2010, Dindigul Farm Product Limited processes whole milk and skimmed milk to produce various dairy ingredients, including milk protein concentrates, skimmed milk powder, dairy whitener, whey protein concentrate, milk whey powder, casein, unbranded cream, butter, and fat-filled powders for infant milk formula. 

The company has a processing unit in Dindigul that covers an area of 15 acres.

Dindigul Farm Product Limited follows and complies with the requirements of various relevant authorities in the industry, such as FSSAI, Halal, Kosher, Export Import Council of India, and Europe Regulations in respect of certain of our products. We have also obtained a registration cum membership certificate from APEDA.

The company has established a network of over 150 village collection centers, providing direct access to more than 4,000 farmers and 50 dairy farms.

The company sells its products under the brand names ENNUTRICA and Activday, and it currently serves a broad range of customers across various industries.

The company has sold its products in over 15 states within the country and 3 countries internationally.

As of December 23, 2023, the company had 101 employees, and they had also employed contractual labourers based on business requirements.

Dindigul Farm Product Limited Financial Information (Restated)

Dindigul Farm Product Limited's revenue increased by 188.19% and profit after tax (PAT) rose by 225.16% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,123.462,899.842,995.072,995.07
Revenue6,876.658,199.342,845.071,840.72
Profit After Tax588.40525.79-420.08-461.19
Net Worth393.94-1,638.46-2,162.72-1,742.64
Total Borrowing2,263.872,398.372,579.252,716.23
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of EnNutrica IPO is Rs 131.92 Cr.

KPI as of December 23, 2023.

KPI Values
ROE-0.95%
ROCE0.62%
Debt/Equity4.63
RoNW149.49%
P/BV23.58
PAT Margin (%)8.57
Pre IPO Post IPO
EPS (Rs) 2.923.21
P/E (x) 18.4716.81
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.

Objects of the Issue (EnNutrica IPO Objectives)

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

Capital Expenditure

Working Capital Requirements

General Corporate Purposes

EnNutrica IPO Review (Apply)

[Dilip Davda]  The company posted negative performances for FY21 and FAY22, and then marked improved performance, with streamlining its production facility, that boosted its top and bottom lines. It’s major stakeholder Indrayani Biotech is in limelight post change in management and shift in its business model. Based on annualized FY24 super earnings, the issue appears fully priced. Investors may park funds for the medium to long term. Read detail review...


EnNutrica IPO Subscription Status (Bidding Detail)

The EnNutrica IPO is subscribed 202.35 times on June 24, 2024 6:19:05 PM. The public issue subscribed 201.44 times in the retail category, 145.62 times in the QIB category, and 280.06 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB145.62
NII280.06
Retail201.44
Total202.35

Total Application : 267,572 (249.60 times)

EnNutrica IPO Prospectus

EnNutrica IPO Rating

2
3.0
Rating:Rated 3.0 stars
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EnNutrica IPO Listing Details

Listing Date June 27, 2024
BSE Script Code 544201
NSE Symbol
ISIN INE0S6R01027
Final Issue Price ₹54 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹54.00
₹102.60
₹102.60
₹107.73
₹107.73

Check IPO Performance…

Dindigul Farm Product Limited Contact Details

Dindigul Farm Product Limited
2/52-3, Pillaiyarnatham Pithalaipatty
Post, Dindigul,
Dindigul,-624002
Phone: +91 94980 99930
Email: cs@ennutrica.com
Website: https://ennutrica.com/

EnNutrica IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: dindigulfarm.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

EnNutrica IPO - Buy or Not

EnNutrica IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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EnNutrica IPO FAQs

EnNutrica IPO is a SME IPO of 6,450,000 equity shares of the face value of ₹10 aggregating up to ₹34.83 Crores. The issue is priced at ₹51 to ₹54 per share. The minimum order quantity is 2000 Shares.

The IPO opens on June 20, 2024, and closes on June 24, 2024.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in EnNutrica IPO using UPI as a payment gateway. Zerodha customers can apply in EnNutrica IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in EnNutrica IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'EnNutrica IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The EnNutrica IPO opens on June 20, 2024 and closes on June 24, 2024.

EnNutrica IPO lot size is 2000 Shares, and the minimum amount required is ₹108,000.

You can apply in EnNutrica 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 EnNutrica IPO will be done on Tuesday, June 25, 2024, and the allotted shares will be credited to your demat account by Wednesday, June 26, 2024. Check the EnNutrica IPO allotment status.

The EnNutrica IPO listing date is on June 27, 2024.
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EnNutrica IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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140 Comments

64. SaurabhJogi |   Link |  Bookmark |July 1, 2024 6:51:11 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Gunavanth Vaid Ji and Manickam ravichandran sir in pre ipo✅
should perform well in long term💫
63. KML |   Link |  Bookmark |June 28, 2024 7:06:03 PM (300+ Posts)
28/06/2024      544201      DFPL      NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUND      B      154,000      113.11
28/06/2024      544201      DFPL      MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED      B      44,000      113.11
28/06/2024      544201      DFPL      MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED      S      732,000      113.11
28/06/2024      544201      DFPL      PRANAV PARESH SHAH      S      510,000      113.11
28/06/2024      544201      DFPL      NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUND      B      300,000      113.11
28/06/2024      544201      DFPL      NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUND      B      300,000      113.11

Total 754000 shares bought by NAV. Monday 🔥
62. SAMJO HO HI GAYA |   Link |  Bookmark |June 28, 2024 10:45:05 AM
buying interest kam ho raha he. seems flippers sold their stocks.
morning me around 56lakh and now below 9lakh. stock traded around 16.75 lakhs thats huge
61. Ramesh Surana |   Link |  Bookmark |June 28, 2024 8:20:02 AM
What should I do today sell or hold
60. SaurabhJogi |   Link |  Bookmark |June 27, 2024 7:02:17 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
All taken by flippers

60.1. SaurabhJogi |   Link |  Bookmark |June 28, 2024 10:54:31 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Flippers dumping today
60.2. R R S |   Link |  Bookmark |June 28, 2024 4:58:48 PM
Dear sir,
Now what is your advice for monday,
to hold or exit.
59. SaurabhJogi |   Link |  Bookmark |June 27, 2024 3:42:10 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Today also only flippers will be there in bulk deal👍
59.2. Palka |   Link |  Bookmark |June 27, 2024 4:31:19 PM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
@diwan kapoor Ji For how many days flippers generally keep stock from the listing date? When they will be going to offload?
59.3. diwan kapoor |   Link |  Bookmark |June 27, 2024 6:44:38 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
@PalkaJi..Mr @SaurabhJogi Can explain this aspact more clearly..
I have witnessed flippers game in Emmforce & Amkay product.. Both these shares are trading at well below listing now..
Initially they keep the share in upper circuit for 3-4 days & all of sudden they will dump all holding...
Generally Flippers don't hold for long time.. !!
58. apoorvreja |   Link |  Bookmark |June 27, 2024 10:21:36 AM
What should be the strategy now? Hold or sell?
Please guide...I got IPO for the first time
58.2. apoorvreja |   Link |  Bookmark |June 28, 2024 9:26:22 AM
@IPOLearning  Should we hold till Monday ? Since we have 2 days gap now in between
58.3. Imhilli |   Link |  Bookmark |June 28, 2024 8:45:42 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Hold
57. InsiderIPO |   Link |  Bookmark |June 27, 2024 9:03:14 AM
If total buy orders at circuit price > total sell order, then how would the trade matching happens? Again a lottery?
57.5. Red Vs Green |   Link |  Bookmark |June 27, 2024 10:05:47 AM
Gem ke operator ab DFPL mai bhi aa gaye.. sebi ko rule banana chahiye ke listing buy .. 30 days tak sell nahi kar paye.. isse kevel long term wale entry karenge..
57.6. Red Vs Green |   Link |  Bookmark |June 27, 2024 10:11:35 AM
Order 10:00:01 pr lagaya hai delhte hai ki execute hai ki nahi..
56. R R S |   Link |  Bookmark |June 27, 2024 9:32:42 AM
sure UC
55. SAMJO HO HI GAYA |   Link |  Bookmark |June 27, 2024 9:04:51 AM
aaj toh dindigul ka bhi GEMENVIRO jesa hal he...
55.1. Vikajay |   Link |  Bookmark |June 27, 2024 9:12:38 AM (200+ Posts)
BSE mai ya to 90% par list hoga, ya phir -10% par. Middle path is gone.
55.2. B positive |   Link |  Bookmark |June 27, 2024 9:26:13 AM
Second KP GREEN ENG. banega ye... Yad karna
54. Vikajay |   Link |  Bookmark |June 27, 2024 8:45:19 AM (200+ Posts)
I am not able to find it. What os it's code on zerodha?
54.2. Red Vs Green |   Link |  Bookmark |June 27, 2024 8:55:04 AM
Dfpl ke naane se hai zerodha pr
54.3. Vikajay |   Link |  Bookmark |June 27, 2024 9:10:44 AM (200+ Posts)
Ok thanks
53. Vnrao |   Link |  Bookmark |June 27, 2024 7:50:32 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
As usual, No Allotment for big HNI Application.
52. ratna ratna |   Link |  Bookmark |June 26, 2024 9:01:37 PM
HDFC BANK has not relased UPI amount yet... Anyway having same issues?

thesde ppl are shamless now..

Never apply all UPI from 1 singlt bank..
51. vikas uniyal |   Link |  Bookmark |June 26, 2024 5:48:12 PM
0/2 Retail, Not allotment
50. KGSKIPO |   Link |  Bookmark |June 26, 2024 12:42:53 PM (300+ Posts)
SBI not released money yet. Awaiting to apply other issues
49. YAMYAM |   Link |  Bookmark |June 26, 2024 11:26:01 AM
THIS TIME I APPLIED ONLY FROM 1 ACCOUNT RETAIL GOT ALLOTMENT (COZ WAS LAZY TO APPLY), IM IN SHOCK , USUALLY I APPLY WITH 3/4 ACCOUNTS
48. A.K. VIHANA |   Link |  Bookmark |June 26, 2024 10:53:40 AM
0/2 retail

Congratulations to the allottee
47. Kaulav |   Link |  Bookmark |June 26, 2024 10:26:05 AM
Anyone whose fund is unblocked in bhim SBI upi
46. Ramesh Surana |   Link |  Bookmark |June 26, 2024 9:15:14 AM
1/5 from retail. Hope for super listing .
45. Phs |   Link |  Bookmark |June 26, 2024 2:02:08 AM
0/4 retail 😓
Congratulations to the allottee..!! 🎉😊