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 opens for subscription on June 20, 2024 and closes on June 24, 2024. The allotment for the EnNutrica IPO is expected to be finalized on Tuesday, June 25, 2024. EnNutrica IPO will list on BSE SME with tentative listing date fixed as Thursday, 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.
EnNutrica IPO Details
| IPO Date | June 20, 2024 to June 24, 2024 |
| Listing Date | [.] |
| 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
EnNutrica IPO Timeline (Tentative Schedule)
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 |
EnNutrica IPO Lot Size
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 | |||
EnNutrica IPO Promoter Holding
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% |
About Dindigul Farm Product Limited
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 Financial Information (Restated)
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 | ||||
Key Performance Indicator
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 |
Check EnNutrica IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.92 | 3.21 |
| P/E (x) | 18.47 | 16.81 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.
Objects of the Issue (EnNutrica IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Capital Expenditure
Working Capital Requirements
General Corporate Purposes
EnNutrica IPO Review (Apply)
[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…
EnNutrica IPO Prospectus
Dindigul Farm Product Limited Contact Details
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/
EnNutrica IPO Registrar
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