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

Jan 31, 2020 - Feb 7, 2020

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

Objects of the Issue

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 Details

ICL Dairy IPO Date Jan 31, 2020 to Feb 7, 2020
ICL Dairy IPO Face Value ₹10 per share
ICL Dairy IPO Price ₹20 per share
ICL Dairy IPO Lot Size 6000 Shares
Issue Size2,040,000 shares of ₹10
(aggregating up to ₹4.08 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
P/E (x)80
Market Cap (₹ Cr.)12
Company Promoters

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

ICL Dairy IPO Timeline (Tentative Timetable)

ICL Dairy IPO opens on Jan 31, 2020, and closes on Feb 7, 2020. The ICL Dairy IPO bid date is from Jan 31, 2020 10.00 A.M. to Feb 7, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
ICL Dairy IPO Opening Date Jan 31, 2020
ICL Dairy IPO Closing Date Feb 7, 2020
Basis of Allotment Feb 11, 2020
Initiation of Refunds Feb 12, 2020
Credit of Shares to Demat Feb 13, 2020
ICL Dairy IPO Listing Date Feb 14, 2020

ICL Dairy IPO Lot Size

The ICL Dairy IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000

ICL Dairy IPO Promoter Holding

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

IPO Notices

External Link

ICL Dairy IPO Extended

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

ICL Dairy IPO Review

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 Feb 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)
NII3.56
Retail2.59
Total3.08

ICL Dairy IPO Prospectus

ICL Dairy IPO Rating

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

ICL Dairy IPO Listing Date

Listing Date Monday, February 17, 2020
BSE Script Code 542935
NSE Symbol
Listing In MT Group of Securities
ISIN INE0AU701018
IPO Price ₹20 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹20.00
₹20.80
₹19.80
₹21.80
₹21.80

Company Contact Information

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 Review

ICL Dairy IPO Recommendation Summary

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

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IPO Broker Recommendations

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 Jan 31, 2020, and closes on Feb 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 Jan 31, 2020 and closes on Feb 7, 2020.

ICL Dairy IPO lot size is 6000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for ICL Dairy IPO will be done on Feb 11, 2020, and the allotted shares will be credited to your demat account by Feb 13, 2020. Check the ICL Dairy IPO allotment status.

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

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61 Comments

33. Rahul katariya |   Link |Mar 4, 2020 6:51:18 PM
Please someone give contact no who purchase ipo applications??
32. Ravi Shankar Prasad |   Link |Feb 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 |Feb 17, 2020 5:09:14 PM
IPO Guru IPO Guru (1600+ Posts, 900+ 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 |Feb 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 |Feb 18, 2020 9:23:28 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Small
HP bought 10lakh shares yesterday.
31.1. Small Investor |   Link |Feb 18, 2020 10:12:49 AM
IPO Guru IPO Guru (1600+ Posts, 900+ 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 |Feb 17, 2020 11:14:02 PM
Target 26 within this week...
29. Arunblr |   Link |Feb 17, 2020 5:38:49 PM
Top Contributor Top Contributor (200+ Posts)
Sold alloted 1 lot @20.70. संतोष परमं सुखम ।
28. Shahid |   Link |Feb 17, 2020 1:40:15 PM
IPO
27. RAJAKUMAR |   Link |Feb 17, 2020 9:47:17 AM
IPO Guru IPO Guru (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 |Feb 17, 2020 10:07:02 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
ALMOST 50% SHARES TRADE OF IPO SIZE
26. Dinesh Singh |   Link |Feb 17, 2020 9:22:23 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Sell sell otherwise will behave like Chandra way.
26.1. Small Investor |   Link |Feb 17, 2020 9:25:50 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
i exit @ 20.80
25. BLR |   Link |Feb 17, 2020 9:17:17 AM
Sold 2 lot at 20.80 . Loss recovered from MCL.
24. Small Investor |   Link |Feb 17, 2020 8:32:01 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
must Discover Price @ 21
24.1. Small Investor |   Link |Feb 17, 2020 8:50:08 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
I HOLD YET
24.2. VinayIPO |   Link |Feb 17, 2020 8:55:26 AM
Dear small, any good price suggestion to sell.
23. Johny |   Link |Feb 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 |Feb 16, 2020 5:27:51 PM
How the shares are allotted. I applied and got rejected. Can someone please clarify.
21. Small Investor |   Link |Feb 14, 2020 10:19:17 AM
IPO Guru IPO Guru (1600+ Posts, 900+ 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 |Feb 13, 2020 11:46:22 AM
Top Contributor Top Contributor (200+ Posts)
Listing date please
20.2. Splendid |   Link |Feb 13, 2020 3:00:51 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@small

It will on 17th Feb Monday, Not tomorrow
20.3. Small Investor |   Link |Feb 13, 2020 4:12:02 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Yes
Tii time No any Notice upload on BSE SME Site regarding listing ,so listing may be on 17th
19. DownriteVJ |   Link |Feb 13, 2020 3:36:18 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
0
:(
18. Splendid |   Link |Feb 12, 2020 6:27:10 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
small , Dinesh , Raja allotment out
18.3. RAJAKUMAR |   Link |Feb 13, 2020 11:55:03 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
3/5
18.4. Small Investor |   Link |Feb 13, 2020 2:28:45 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
If Operators Come then
ICL Organic become White Organic retails
17. BLR |   Link |Feb 13, 2020 7:54:37 AM
Got 2/2
16. Arunblr |   Link |Feb 12, 2020 7:02:14 PM
Top Contributor Top Contributor (200+ Posts)
Bad luck 0/3
15. Dinesh Singh |   Link |Feb 12, 2020 9:57:33 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Allotment will be today.
14. Dinesh Singh |   Link |Feb 10, 2020 12:46:06 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Admin,
Please change the tentative timetable of this IPO.
It is still showing the listing date on 12th Feb.