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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.
| 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 Size | 6,450,000 shares (aggregating up to ₹34.83 Cr) |
| Fresh Issue | 6,450,000 shares (aggregating up to ₹34.83 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 17,979,280 |
| Share holding post issue | 24,429,280 |
| Market Maker portion | 326,000 shares Spread X Securities |
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 Offered | 1,834,000 (28.43%) |
| Market Maker Shares Offered | 326,000 (5.05%) |
| QIB Shares Offered | 1,226,000 (19.01%) |
| NII (HNI) Shares Offered | 920,000 (14.26%) |
| Retail Shares Offered | 2,144,000 (33.24%) |
| Total Shares Offered | 6,450,000 (100%) |
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 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 |
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 | |||
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% |
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'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 Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,123.46 | 2,899.84 | 2,995.07 | 2,995.07 |
| Revenue | 6,876.65 | 8,199.34 | 2,845.07 | 1,840.72 |
| Profit After Tax | 588.40 | 525.79 | -420.08 | -461.19 |
| Net Worth | 393.94 | -1,638.46 | -2,162.72 | -1,742.64 |
| Total Borrowing | 2,263.87 | 2,398.37 | 2,579.25 | 2,716.23 |
| Amount in ₹ Lakhs | ||||
The market capitalization of EnNutrica IPO is Rs 131.92 Cr.
KPI as of December 23, 2023.
| KPI | Values |
|---|---|
| ROE | -0.95% |
| ROCE | 0.62% |
| Debt/Equity | 4.63 |
| RoNW | 149.49% |
| P/BV | 23.58 |
| PAT Margin (%) | 8.57 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.92 | 3.21 |
| P/E (x) | 18.47 | 16.81 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Capital Expenditure
Working Capital Requirements
General Corporate Purposes
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 145.62 |
| NII | 280.06 |
| Retail | 201.44 |
| Total | 202.35 |
Total Application : 267,572 (249.60 times)
| Listing Date | June 27, 2024 |
| BSE Script Code | 544201 |
| NSE Symbol | |
| ISIN | INE0S6R01027 |
| Final Issue Price | ₹54 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹54.00 |
| ₹102.60 |
| ₹102.60 |
| ₹107.73 |
| ₹107.73 |
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/
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
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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
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.
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