
Food & Agro Processing · BSE
Dindigul Farm Product Limited, established in 2010, is a leading dairy processing company specializing in converting whole and skimmed milk into high-quality dairy ingredients. Their product range includes milk protein concentrates, skimmed milk powder, whey protein concentrate, dairy whitener, casein, butter, unbranded cream, and fat-filled powders used in infant milk formula. Operating from a 15-acre processing unit in Dindigul, the company complies with FSSAI, Halal, Kosher, Export Import Council of India, and European standards, ensuring top-tier quality. With a strong network of over 150 village collection centers, Dindigul Farm Product directly sources milk from more than 4,000 farmers and 50 dairy farms. Their products, marketed under the brands ENNUTRICA and Activday, reach customers across 15+ states in India and three international markets. As of December 23, 2023, the company employed 101 staff members, supported by additional contract workers.
Price Band
₹51 – ₹54
Issue Size
₹34.83 Cr
Lot Size
2000 shares
GMP
+125.9%
Est. Listing
₹122
at current GMP
Subscribed
202.42x
overall
Open
20 Jun 2024
Close
24 Jun 2024
Allotment
25 Jun 2024
Refund
26 Jun 2024
Demat Credit
27 Jun 2024
Listing
27 Jun 2024
Overall Subscription
202.42x
Total Demand
QIB Multiplier
145.62x
Institutions & Funds
NII / HNI
280.41x
High Net-Worth
Retail (RII)
201.44x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,226,000 | 178,526,000 | 145.62x |
| NIB | 920,000 | 257,980,000 | 280.41x |
| RETAIL | 2,144,000 | 431,894,000 | 201.44x |
| Total | 4,290,000 | 868,400,000 | 202.42x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,129 | 227,426 | 201.44x |
| HNIs (10L +) | 7 | 1,963 | 280.41x |
| HNIs (2-10L) | 35 | 9,814 | 280.41x |
| Total Applications | 1,171 | 239,203 | 204.27x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Dindigul Farm Product Limited is bringing an initial public offering (IPO) in the Food & Agro Processing sector with an aggregate issue size of ₹34.83 Crores. The shares are offered at a price band of ₹51 to ₹54 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-06-24, the basis of allotment is scheduled to be finalized on 2024-06-25. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Dindigul Farm Product Limited IPO is ₹68 per equity share. Based on the upper price band of ₹51 to ₹54 per equity share, the estimated listing price is ₹122 (+125.9% expected listing gain).
With a lot size of 2000 shares and current GMP of ₹68, the expected profit per application lot is approx ₹1,36,000 (+125.9% gain). Minimum application cost is approx ₹1,08,000.
The Dindigul Farm Product Limited IPO aggregate issue size is ₹34.83 Crores with an equity price band set at ₹51 to ₹54 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,08,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 202.42x (Retail: 201.44x, QIB: 145.62x, NII: 280.41x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-06-25. Investors can verify status using PAN card or application number.
Dindigul Farm Product Limited shares are scheduled to list on BSE on 2024-06-27.