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ICL Organic Dairy Products Ltd IPO (ICL Dairy IPO) Detail

January 31, 2020 - February 7, 2020

ICL Dairy IPO is a fixed price issue of Rs 4.08 crores.

ICL Dairy IPO bidding started from January 31, 2020 and ended on February 7, 2020. The allotment for ICL Dairy IPO was finalized on Tuesday, February 11, 2020. The shares got listed on BSE SME on February 17, 2020.

ICL Dairy IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Finshore Management Services Limited is the book running lead manager of the ICL Dairy IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to ICL Dairy IPO RHP for detailed information.

ICL Dairy IPO Details

IPO Date January 31, 2020 to February 7, 2020
Listing Date February 17, 2020
Face Value ₹10 per share
Price ₹20 per share
Lot Size 6000 Shares
Total Issue Size2,040,000 shares
(aggregating up to ₹4.08 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion102,000 shares

ICL Dairy IPO Reservation

ICL Dairy IPO offers 2,040,000 shares. 969,000 (47.50%) to NII, 969,000 (47.50%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered102,000 (5.00%)
Other Shares Offered969,000 (47.50%)
Retail Shares Offered969,000 (47.50%)
Total Shares Offered2,040,000 (100%)

ICL Dairy IPO Timeline (Tentative Schedule)

ICL Dairy IPO opens on January 31, 2020, and closes on February 7, 2020.

IPO Open Date Friday, January 31, 2020
IPO Close Date Friday, February 7, 2020
Basis of Allotment Tuesday, February 11, 2020
Initiation of Refunds Wednesday, February 12, 2020
Credit of Shares to Demat Thursday, February 13, 2020
Listing Date Monday, February 17, 2020
Cut-off time for UPI mandate confirmation 5 PM on February 7, 2020

ICL Dairy IPO Lot Size

Investors can bid for a minimum of 6000 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 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000
Lot Size Calculator

ICL Dairy IPO Promoter Holding

Mr. Roop Kishore Gola and Mr. Avadhesh Kumar Gola are the promoters of the company.

Share Holding Pre Issue 72.71%
Share Holding Post Issue 47.99%

About ICL Organic Dairy Products Ltd

Incorporated in 2013, ICL Organic Dairy Products Ltd is engaged in all sorts of dairy business such as dairy farming, breeding of mammals, and animal husbandry. The company takes the animals either under an agreement or rent with any other person on profit sharing basis to deal with all kinds of products such as milk, cream, paneer, ghee and other by-products.

The company deals with milk contractors, dairymen, vendors, milers, dealers, and purveyors. The company is mainly active in Bareilly, Badaun, and Pilibhit districts of Uttar Pradesh. The company focuses on good quality milk and has a veterinary supporting staff to train the farmers.

The main work of the company is to collect the milk from other dairy farmers and its own facility and distribute it to dairy establishments, sweet shops and various households.

Competitive Strengths

1. Long-standing client base
2. Existing supplier relationship
3. Focus on a quality product

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
30-July-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 455.42 316.60 327.82 226.00
Total Revenue 223.13 1,572.65 1,207.30 252.68
Profit After Tax 4.83 27.62 34.93 5.03

Key Performance Indicator

The market capitalization of ICL Dairy IPO is Rs 12 Cr.

Pre IPO Post IPO
P/E (x) 80

Objects of the Issue (ICL Dairy IPO Objectives)

The company proposes to utilize the funds for the following objects:

1. To meet the working capital requirements of the company
2. To meet the Issue Expenses
3. General Corporate Purposes

ICL Dairy IPO Review (Avoid)

[Dilip Davda]  IODPL has shown inconsistency in bottom lines despite growing top lines. The dairy business is highly fragmented. The company has tough competitions from big players with an established business. The issue appears aggressively priced. IODPL's financial performance has no match with the asking price. There is no harm in giving this issue a miss. Read detail review...


ICL Dairy IPO Subscription Status (Bidding Detail)

The ICL Dairy IPO is subscribed 3.08 times on February 7, 2020 6:44:02 PM. The public issue subscribed 2.59 times in the retail category, times in the QIB category, and 3.56 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other3.56
Retail2.59
Total3.08

IPO Notices

External Link

ICL Dairy IPO Extended

LM has decided for extention of ICL IPO till 7 Feb, 2020

ICL Dairy IPO Prospectus

ICL Dairy IPO Rating

45
3.0
Rating:Rated 3.0 stars
Vote Here ...

ICL Dairy IPO Listing Details

Listing Date February 17, 2020
BSE Script Code 542935
NSE Symbol
ISIN INE0AU701018
Final Issue Price ₹20 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹20.00
₹20.80
₹19.80
₹21.80
₹21.80

Check IPO Performance…

ICL Organic Dairy Products Ltd Contact Details

ICL Organic Dairy Products Ltd
A-105, 3rd Floor, Sector-63,
Gautam Buddha Nagar, Noida,
Uttar Pradesh - 201301, India
Phone: 0120-4319744
Email: cs@icldairy.com
Website: http://www.icldairy.com/

ICL Dairy IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

ICL Dairy IPO - Buy or Not

ICL Dairy IPO Recommendation Summary

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

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ICL Dairy IPO FAQs

ICL Dairy IPO is a SME IPO of 2,040,000 equity shares of the face value of ₹10 aggregating up to ₹4.08 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.

The IPO opens on January 31, 2020, and closes on February 7, 2020.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The ICL Dairy IPO opens on January 31, 2020 and closes on February 7, 2020.

ICL Dairy IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.

You can apply in ICL Dairy 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 ICL Dairy IPO will be done on Tuesday, February 11, 2020, and the allotted shares will be credited to your demat account by Thursday, February 13, 2020. Check the ICL Dairy IPO allotment status.

The ICL Dairy IPO listing date is on February 17, 2020.
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ICL Dairy IPO Message Board

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61 Comments

33. Rahul katariya |   Link |  Bookmark |March 4, 2020 6:51:18 PM
Please someone give contact no who purchase ipo applications??
32. Ravi Shankar Prasad |   Link |  Bookmark |February 17, 2020 4:24:48 PM
Do not sell anyone, as p/e ratio is above 80 so price will go near to RS 30 in few days
32.1. Small Investor |   Link |  Bookmark |February 17, 2020 5:09:14 PM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
PE ratio jitna high hoga wo stock utha hi costly hi hota h isliy jitna profit mil rha h utna book or lena
32.2. traderji |   Link |  Bookmark |February 19, 2020 3:52:14 PM
P/E nahi EPS jyada hona chahiye make your study........
P/E jitna kam ho utna better
EPS jitna jyada ho utna better
31. RAJAKUMAR |   Link |  Bookmark |February 18, 2020 9:23:28 AM (1400+ Posts, 1200+ Likes)
Dear Small
HP bought 10lakh shares yesterday.
31.1. Small Investor |   Link |  Bookmark |February 18, 2020 10:12:49 AM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
NII Sold shares 738000+ though Bulk Deals and HP Stake witj Almost 10lk+
total shares allotted to NIIs 950000+ and exit NII shares 738000+ its Means This Counter may be ready for Operators driving
30. Darsh ipo |   Link |  Bookmark |February 17, 2020 11:14:02 PM
Target 26 within this week...
29. Arunblr |   Link |  Bookmark |February 17, 2020 5:38:49 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Sold alloted 1 lot @20.70. संतोष परमं सुखम ।
28. Shahid |   Link |  Bookmark |February 17, 2020 1:40:15 PM
IPO
27. RAJAKUMAR |   Link |  Bookmark |February 17, 2020 9:47:17 AM (1400+ Posts, 1200+ Likes)
Dear Small
Three lot allotted
Two lot sold at 20.8
One lot placed at 21,8
27.1. Small Investor |   Link |  Bookmark |February 17, 2020 10:07:02 AM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
ALMOST 50% SHARES TRADE OF IPO SIZE
26. Dinesh Singh |   Link |  Bookmark |February 17, 2020 9:22:23 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Sell sell otherwise will behave like Chandra way.
26.1. Small Investor |   Link |  Bookmark |February 17, 2020 9:25:50 AM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
i exit @ 20.80
25. BLR |   Link |  Bookmark |February 17, 2020 9:17:17 AM
Sold 2 lot at 20.80 . Loss recovered from MCL.
24. Small Investor |   Link |  Bookmark |February 17, 2020 8:32:01 AM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
must Discover Price @ 21
24.1. Small Investor |   Link |  Bookmark |February 17, 2020 8:50:08 AM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
I HOLD YET
24.2. VinayIPO |   Link |  Bookmark |February 17, 2020 8:55:26 AM
Dear small, any good price suggestion to sell.
23. Johny |   Link |  Bookmark |February 17, 2020 7:36:49 AM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
All the best for a good listing!
22. Phoneix Bird |   Link |  Bookmark |February 16, 2020 5:27:51 PM
How the shares are allotted. I applied and got rejected. Can someone please clarify.
21. Small Investor |   Link |  Bookmark |February 14, 2020 10:19:17 AM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
Basis of Allotment of ICL
https://listing.bseindia.com/download/343434/ipo_T5/D-4_News%20Paper%20Adv_BOA_ICL_20200213170352.pdf
20. Arunblr |   Link |  Bookmark |February 13, 2020 11:46:22 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Listing date please
20.2. Splendid |   Link |  Bookmark |February 13, 2020 3:00:51 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@small

It will on 17th Feb Monday, Not tomorrow
20.3. Small Investor |   Link |  Bookmark |February 13, 2020 4:12:02 PM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
Yes
Tii time No any Notice upload on BSE SME Site regarding listing ,so listing may be on 17th
19. DownriteVJ |   Link |  Bookmark |February 13, 2020 3:36:18 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
0
:(
18. Splendid |   Link |  Bookmark |February 12, 2020 6:27:10 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
small , Dinesh , Raja allotment out
18.3. RAJAKUMAR |   Link |  Bookmark |February 13, 2020 11:55:03 AM (1400+ Posts, 1200+ Likes)
3/5
18.4. Small Investor |   Link |  Bookmark |February 13, 2020 2:28:45 PM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
If Operators Come then
ICL Organic become White Organic retails
17. BLR |   Link |  Bookmark |February 13, 2020 7:54:37 AM
Got 2/2
16. Arunblr |   Link |  Bookmark |February 12, 2020 7:02:14 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Bad luck 0/3
15. Dinesh Singh |   Link |  Bookmark |February 12, 2020 9:57:33 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Allotment will be today.
14. Dinesh Singh |   Link |  Bookmark |February 10, 2020 12:46:06 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Admin,
Please change the tentative timetable of this IPO.
It is still showing the listing date on 12th Feb.