Dindigul Farm Product Limited IPO

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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,123.462,899.842,995.072,995.07
Revenue6,876.658,199.342,845.071,840.72
Profit After Tax588.40525.79-420.08-461.19
Net Worth393.94-1,638.46-2,162.72-1,742.64
Total Borrowing2,263.872,398.372,579.252,716.23
Amount in ₹ Lakhs

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 Timeline (Tentative Schedule)

EnNutrica IPO opens on June 20, 2024, and closes on June 24, 2024.

IPO Open DateThursday, June 20, 2024
IPO Close DateMonday, June 24, 2024
Basis of AllotmentTuesday, June 25, 2024
Initiation of RefundsWednesday, June 26, 2024
Credit of Shares to DematWednesday, June 26, 2024
Listing DateThursday, June 27, 2024
Cut-off time for UPI mandate confirmation5 PM on June 24, 2024

SHARIAH SCREENING for - Dindigul Farm Product Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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