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Incorporated in 1992, Tasty Dairy Specialities Ltd is engaged in processing milk, along with bulk milk procurement and handling during season time which primarily caters to bulk and marquee institutional customers. Company is further involved in value added milk products like Skimmed Milk Powder, Butter, Ghee, Dairy Whitener, Concentrated Milk etc.
They have wide range of quality dairy products which includes Pasteurized Liquid Milk, Cream, Butter (White/Salted), Pure Desi Ghee (Clarified Butter), Paneer (Fresh Cottage Cheese), Skimmed Milk Powder, Full Cream Milk Powder, Dairy Whitener, Instant Gulab Jamun Mix, Peda (an Indian Sweet), Mithai Powder etc. Thhey are packaged under the brand names “UJJWAL”, “SHIKHAR”, “VERIFRESH”, "CIMA", "MITHAI MASTER" and are available in Uttar Pradesh, Madhya Pradesh and Bihar,
Currently they process approximately 5,00,000 litres of raw milk which comprises of 1,60,000 litres of milk packaging, 20,000 litres of buttermilk packaging, 2,20,000 Litres of Skimmed Milk Powder and Ghee and 2,00,000 litres of bulk milk processing.
Company's customer base includes Delhi Milk scheme (a Central Government of India Organisation), Mother Dairy (wholly owned subsidiary of the National Dairy Development Board (NDDB)), Parle Products, Sterling Agro Industries Limited, Kwality Dairy Limited, Perfetti Van Melle etc.
The Promoters of the Company are:
1. Mr. Atul Mehra
2. Mr. Prem Nandan Mehra
3. Mrs. Sonia Mehra
The object of the issue are:
1. To meet Working Capital Requirements
2. General Corporate Purposes
3. To meet the Issue Expenses
| IPO Opening Date | Feb 7, 2018 |
| IPO Closing Date | Feb 12, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | 5,430,000 Eq Shares of ₹10 (aggregating up to ₹24.44 Cr) |
The Tasty Dairy Specialities IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹135,000 |
| Maximum | 1 | 3000 | ₹135,000 |
The Tasty Dairy Specialities IPO is subscribed 97.96 times on Feb 12, 2018 17:00. The public issue subscribed 40.60 in the retail category, in the QIB category, and 155.32 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 155.32 |
| RII | 40.60 |
| Total | 97.96 |
| Listing Date | Wednesday, February 21, 2018 |
| BSE Script Code | 540955 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE773Y01014 |
| IPO Price | ₹45 per equity share |
| Face Value | ₹10 per equity share |
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Tasty Dairy Specialities Ltd
D - 3, UPSIDC Industrial Area,
Jainpur, Kanpur Dehat - 209 311
Phone: + 91 512 7107777
Email: info@tastydairy.com
Website: http://www.tastydairy.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Tasty Dairy Specialities IPO is a SME IPO of 5,430,000 equity shares of the face value of ₹10 aggregating up to ₹24.44 Crores. The issue is priced at ₹45 per equity share. The minimum order quantity is 3000 Shares.
The IPO opens on Feb 7, 2018, and closes on Feb 12, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Tasty Dairy Specialities IPO opens on Feb 7, 2018 and closes on Feb 12, 2018.
Tasty Dairy Specialities IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
You can apply in Tasty Dairy Specialities 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 Tasty Dairy Specialities IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tasty Dairy Specialities IPO allotment status.
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