- POSITIVE
Annual Revenue Dindigul Farm Mar-2026 Annual Revenue is Rs 90 Cr which is growth of 43.8% YoY.
- POSITIVE
Annual Net Profit Dindigul Farm Mar-2026 Annual Net Profit is Rs 4 Cr which is growth of 166.3% YoY.
Dindigul Farm Product was incorporated on September 29, 2010. The company is primarily engaged in processing whole milk and skimmed milk to make 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.
| Bidding Dates |
|---|
| 20 Jun 2024 - 24 Jun 2024 |
| Subscription |
|---|
| 188.13x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹102,000 | 1 | 1 | 2000 | 6.5 M | ₹51 - ₹54 | 59.36 % | ₹329.0 M - ₹348.3 M | RHP DOC |
Dindigul Farm IPO SUBSCRIPTION STATUS
24 Jun '24Total188.13x
Retail Individual Investor201.44x
HNI (NII) Investors207.05x
Qualified Institutional Buyers145.62x
Dindigul Farm IPO overall subscription rate was 188.13 times the total available shares
Dindigul Farm IPO retail subscription rate was 201.44 times in the retail segment
Dindigul Farm IPO non-institutional investor subscription rate was 207.05 times in the non-institutional investor category
Dindigul Farm IPO Qualified Institutional Bidder subscription rate was 145.62 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
24 Jun 2024 (Day 4) | 201.44x | 207.05x | 145.62x |
21 Jun 2024 (Day 3) | 42.36x | 22.26x | 0.08x |
20 Jun 2024 (Day 2) | 10.21x | 3.46x | 0.01x |
Dindigul Farm FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY24 | 51.7 | 815.8 | 63.0 | 36.5 | 11.4% |
| FY23 | -41.7 | 283.2 | 9.8 | 11.4 | -5.4% |
| FY22 | -46.2 | 176.3 | 30.6 | 23.8 | -4.8% |
Dindigul Farm IPO SUBSCRIPTION STATUS DETAILS
Dindigul Farm had 6.5 M shares on offer
Dindigul Farm IPO offer price was in the range ₹51 - ₹54
Dindigul Farm IPO minimum Investment was ₹102000
Dindigul Farm IPO issue size was ₹ 329.0 M - ₹ 348.3 M
Dindigul Farm had a minimum lot size of 2000 Shares per application
Dindigul Farm NUMBER OF SHARES ON OFFER
Total6.5 M
Fresh Issue6.5 M
Offer for Sale0
Post Issue Promoter Holding %59.36 %
Dindigul Farm IPO IMPORTANT DATES
| Issue Open Date | 20 Jun 2024 |
| Issue close Date | 24 Jun 2024 |
| Allotment Date | 25 Jun 2024 |
| Refund Date | 26 Jun 2024 |
| Demat Account Credit Date | 26 Jun 2024 |
| Listing Date | 27 Jun 2024 |
| Listing on Exchange(s) | BSE |
| Dindigul Farm Allotment Status | Exchange |
Dindigul Farm IPO subscription opened on 20 Jun 2024, and closed on 24 Jun 2024
IPO allotment for Dindigul Farm was finalized on Tuesday, 25 Jun 2024
IPO listing for Dindigul Farm was on BSE on Thursday, 27 Jun 2024
Dindigul Farm IPO LISTING GAINS
| Issue Price (adjusted) | 54.0 |
| Listing Open Price | 102.6 |
| Listing Close Price | 107.7 |
| Listing Gain% | 90.0% |
| Current Gain% | -34.1% |
Dindigul Farm Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dindigul Farm Products Ltd. | 35.6 | 86.9 | 23.4 | -0.1 | 1 | 9.6 | 5.7 | 90.4 | 43.8 | 3.7 | 166.3 | 1.5 | -166.3 |
| Nestle India Ltd. | 1167 | 225034.3 | 55.2 | 1.4 | 8.8 | 67.8 | 26.5 | 23195 | 14.5 | 3499.1 | 9.1 | 21.1 | 38.2 |
| Britannia Industries Ltd. | 4640 | 111762.9 | 42.9 | 2.3 | 5.7 | 49.6 | 26 | 19375.6 | 6.6 | 2533.5 | 16.3 | 108.1 | 18.7 |
| Milky Mist Dairy Food Ltd. | 306 | 23561.1 | 27.4 | 4.7 | 3145 | 33.6 | 127 | 175.7 | |||||
| Hatsun Agro Products Ltd. | 995.5 | 22174.6 | 60.4 | 26.5 | 2 | 18.3 | 8 | 9972.9 | 14.8 | 356.2 | 24.8 | 16.5 | 2.3 |
| Zydus Wellness Ltd. | 462.8 | 14722.9 | 78.2 | -1.8 | 3.2 | 3.4 | 1.9 | 3967.4 | 45.7 | 197.2 | -43.2 | 5.9 | -42.5 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Dindigul Farm annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Standalone
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Actual
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*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
43.9%
2Y CAGR
2.8%
3Y CAGR
3.3%
5Y CAGR
37.5%
Total Revenue Annual growth is higher than historical averages.
Net Profit Ann.
2Y CAGR
-34.8%
3Y CAGR
-10.7%
Net Profit Annual growth is stable compared to historical averages.
Operating Exp. Ann.
1Y CHG
31.5%
2Y CAGR
6.5%
3Y CAGR
4.4%
5Y CAGR
34.8%
Operating Expenses Annual Cr growth is stable compared to historical averages.
Dindigul Farm INFORMATION ON IPO ISSUE
About Dindigul Farm
Dindigul Farm Product was incorporated on September 29, 2010. The company is primarily engaged in processing whole milk and skimmed milk to make 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.
Object of the Issue
- Capital expenditure
- Working capital requirements
- General corporate purposes
Dindigul Farm - PROMOTERS
| Name |
|---|
| R Rajasekaran |
| Rajadharshini Rajasekaran |
| Indrayani Biotech Limited |
Dindigul Farm Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Dindigul Farm Registrar to the Issue
Link Intime India Private Limited
dindigulfarm.ipo@linkintime.co.in
Dindigul Farm Strengths
Diverse product basket
The company manufactures a variety of products. Its diverse product offering allows it to cater to the increasing requirements of its customers in various industries
Strength
Quality assurance and standards
The company's various products have received certifications from FSSAI, EIC, FSSC, HALAL, and KOSHER approval authorities
Strength
Dindigul Farm Risks
Negative cash flows
The company has experienced negative cash flows in the period ended 9MFY23, and FY23, FY22 and FY21
Risk
Outstanding litigation
The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations
Risk
IPO FAQs
The promoters of the company are R Rajasekaran, Rajadharshini Rajasekaran and Indrayani Biotech Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 51.0 - 54.0.
The IPO application opens on Jun 20, 2024 and closes on Jun 24, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 102,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Jun 25, 2024.
The refund will be credited to your account on Jun 26, 2024.
The allotted shares will be credited to your demat on Jun 26, 2024.
Dindigul Farm Products Ltd.’s shares listed on the stock exchanges on Jun 27, 2024.