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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 DRHP for detailed information.
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 Size | 2,040,000 shares (aggregating up to ₹4.08 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 3,961,696 |
Share holding post issue | 6,001,696 |
Market Maker portion | 102,000 shares |
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 Offered | 102,000 (5.00%) |
Other Shares Offered | 969,000 (47.50%) |
Retail Shares Offered | 969,000 (47.50%) |
Total Shares Offered | 2,040,000 (100%) |
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 |
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 |
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% |
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
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 |
The market capitalization of ICL Dairy IPO is Rs 12 Cr.
Pre IPO | Post IPO | |
---|---|---|
P/E (x) | 80 |
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
[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...
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)
Category | Subscription (times) |
---|---|
Other | 3.56 |
Retail | 2.59 |
Total | 3.08 |
LM has decided for extention of ICL IPO till 7 Feb, 2020
Listing Date | February 17, 2020 |
BSE Script Code | 542935 |
NSE Symbol | |
ISIN | INE0AU701018 |
Final Issue Price | ₹20 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹20.00 |
₹20.80 |
₹19.80 |
₹21.80 |
₹21.80 |
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/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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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.
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