EnNutrica - Dindigul Farm Product SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the EnNutrica - Dindigul Farm Product IPO. Explore EnNutrica - Dindigul Farm Product IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Established in 2010, Dindigul Farm Product Limited, operating under the brand EnNutrica, specializes in processing whole milk and skimmed milk to produce a variety of dairy ingredients. These include 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. Located on a 15-acre facility in Dindigul, the company complies with several stringent quality standards, including FSSC 22000, FSSAI, Halal, Kosher, and various export regulations.
Key Points:
- Products:
- Produces a wide range of dairy ingredients: 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.
- Markets products under the brand names ENNUTRICA and Activday.
- Procurement Operations:
- Procures approximately 50,000 liters of milk per day directly from farmers and 30,000-100,000 liters per day from third-party suppliers.
- Network of over 150 village collection centers, direct access to over 4,000 farmers, and more than 50 dairy farms.
- Skimmed milk primarily sourced from Group Company A R Dairy Food Private Limited.
- Market Reach and Expansion:
- Products sold in more than 15 states in India and 3 countries internationally as of the financial year 2022-23.
- Plans to expand international operations into more ASEAN and European countries.
- Supplies to various industries including dairy, food ingredients, nutrition, ice cream, and baking industries.
- Products are regularly tested by NABL approved food testing labs.
Objects of the Issue
- Funding Capital Expenditure
- Working Capital Requirements
- General Corporate Purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 20 Jun - 24 Jun 2024 |
| IPO Price Band | ₹ 51 - 54 per share |
| Fresh Issue | Upto 64,50,000 Shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 34.83 crore |
| Face Value | ₹ 10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 20 Jun 2024 |
| IPO Closing Date | 24 Jun 2024 |
| Basis Of Allotment | 25 Jun 2024 |
| Refunds | 26 Jun 2024 |
| Demat Transfer | 26 Jun 2024 |
| IPO Listing Date | 27 Jun 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 23rd Dec 2023 |
|---|---|---|---|---|
| Total Income | 18.41 | 28.45 | 81.99 | 68.77 |
| Total Expenses | 23.03 | 34.35 | 76.83 | 62.88 |
| Net Profit/Loss | -4.62 | -4.17 | 5.17 | 5.89 |
| NPM (*) | -26.20 | -14.71 | 6.33 | 8.57 |
| Total Assets | 29.95 | 24.96 | 29.0 | 51.23 |
| Total Liabilities | 47.38 | 46.59 | 45.38 | 47.30 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 23rd Dec 2023 |
|---|---|---|---|---|
| EPS | -3.21 | -2.90 | 3.59 | 4.09 |
| ROE (%) | Negative | Negative | Negative | -0.95 |
| ROCE (%) | Negative | Negative | Negative | 0.62 |
| D/E Ratio | -1.23 | -0.91 | -1.21 | 4.63 |
| Current Ratio | 0.57 | 0.45 | 0.60 | 1.33 |
| EBITDA MARGIN (%) | -4.76 | -5.41 | 11.37 | 13.60 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Dindigul Farm Products Limited | 81.58 | 15.04 | 3.59 | NA | -11.39 |
| Dodla Dairy Limited | 2,584.12 | 29.36 | 15.84 | 10.76 | 148.44 |
| Parag Milk Foods Limited | 2,853.20 | 11.55 | 6.34 | 8.37 | 69.81 |
| Modern Dairies Limited | 216.08 | 3.61 | 5.21 | -12.64 | -41.06 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 145.62 |
| Non-Institutional Investor (NII/HNI) | 280.06 |
| Retail Individual Investor (RII) | 201.44 |
| Total | 202.35 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- R RAJASEKARAN
- RAJADHARSHINI RAJASEKARAN
- INDRAYANI BIOTECH LIMITED
Lead Managers
- Beeline Capital Advisors Private Limited
Company Address
Dindigul Farm Product Limited
2/52-3, Pillaiyarnatham Pithalaipatty Post, Dindigul, Tamil Nadu, India, 624002
Phone: 045 4429 0099/ +91 94980 99930
Email: cs@ennutrica.com
Website: www.ennutrica.com
FAQs
- What is the issue size of the EnNutrica - Dindigul Farm Product SME IPO?The EnNutrica - Dindigul Farm Product SME IPO has an issue size of Approx ₹ 34.83 crore. This includes a fresh issue of Upto 64,50,000 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the EnNutrica - Dindigul Farm Product IPO?The price band for the EnNutrica - Dindigul Farm Product IPO is ₹ 51 - 54 per share.
- What are the bidding dates for the EnNutrica - Dindigul Farm Product IPO?The EnNutrica - Dindigul Farm Product IPO will open for bidding on 20 Jun 2024 and close on 24 Jun 2024.
- What is the allotment date for the EnNutrica - Dindigul Farm Product IPO?The allotment date for the EnNutrica - Dindigul Farm Product IPO is 25 Jun 2024.
- What is the listing date for the EnNutrica - Dindigul Farm Product IPO?The listing date for the EnNutrica - Dindigul Farm Product IPO is 27 Jun 2024.
- What is the EnNutrica - Dindigul Farm Product IPO grey market premium?The grey market premium (GMP) for the EnNutrica - Dindigul Farm Product IPO is currently at ₹68, with an expected listing gain of approximately 125.93%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.