Dindigul Farm Product Limited (EnNutrica) IPO
Incorporation and Operations: Dindigul Farm Product Limited, incorporated in 2010, is engaged in processing whole milk and skimmed milk to produce various dairy ingredients. The company's product portfolio includes:
Milk protein concentrates
Skimmed milk powder
Dairy whitener
Whey protein concentrate
Milk whey powder
Casein
Unbranded cream
Butter
Fat-filled powders for infant milk formula
Processing Facility:
The company operates a processing unit in Dindigul, spread over an area of 15 acres.
Regulatory Compliance: Dindigul Farm Product Limited adheres to the standards set by various authorities, including FSSAI, Halal, Kosher, Export Import Council of India, and Europe Regulations for specific products. Additionally, the company holds a registration cum membership certificate from APEDA.
Supply Network:
The company has established a robust network of over 150 village collection centres, providing direct access to more than 4,000 farmers and 50 dairy farms.
Brand Presence: Products are marketed under the brand names ENNUTRICA and Activday, serving a diverse customer base across various industries. The company has a presence in over 15 states within India and exports to 3 countries internationally. Issue Objectives: The proceeds from the IPO will be allocated towards:
Capital Expenditure
Working Capital Requirements
General Corporate Purposes
Promoter Holding:
Pre-Issue Holding: 80.66%
Post-Issue Holding: 59.36%
Dindigul Farm Product (EnNutrica) IPO: Key Details IPO Dates: 20 to 24 June 2024
Price Band: ₹51 to ₹54 per share
Lot Size: 2,000 shares Amount per lot: ₹1,08,000
Total Issue Size: ₹34.83 Crores
Retail Quota: 35%
GMP: 130% (For informational purposes only)
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