Dindigul Farm Product Limited

Dindigul Farm Product Limited

listed
₹1.02LMin. investment
  1. Bid start
    20 Jun
  2. Bid end
    24 Jun
  3. Allotment
    22 Jun
  4. Release of funds
    26 Jun
  5. Demat transfer
    25 Jun
  6. Listing
    27 Jun

About Dindigul Farm Product Limited

Price range₹51.00 – ₹54.00
IPO type
SME
Lot size2000 shares
Issue size₹34.83Cr
RHP/DRHP
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About Dindigul Farm Product Limited  Incorporated in 2010, Dindigul Farm Product Limited is primarily engaged in processing of 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. The processing facility is situated at Dindigul and is spread over 15 acres. The management system has been assessed and determined to comply with the requirements of FSSC 22000. They also follow and comply with requirements of various relevant authorities in their industry such as FSSAI, Halal, Kosher, Export Import Council of India, Europe Regulations in respect of certain of their products. They have also obtained a registration cum membership certificate from APEDA.  The procurement operations consist of an average procurement of approximately 50,000 litres per day of milk directly from farmers and around 30,000-1,00,000 litres per day of whole milk from open market or third-party suppliers. They have built a network of more than 150 village collection centres, with direct access to more than 4,000 farmers and more than 50 dairy farms. They procure whole milk either directly from the farmers and through third party suppliers. The skimmed milk is procured by them from third party suppliers, majorly from their Group Company A R Dairy Food Private Limited.  They place significant emphasis on quality control and assurance processes across the business model ensuring and setting the right customer expectation and assurance models. The whole milk procured by us is tested by automatic Milk analysers placed at Village Level Milk Collection centres and a combined quality and sampling methods at Chilling Center Level. The key products have been received and tested in regular intervals by NABL approved food testing labs to comply the requirements of the above stated quality certifying / assuring / inspection authorities Like FSSC etc. Quality food safety forms a part of their policy and theybelieve is one of the main drivers of their business.  The mainly supply products to Dairy Industry, Food Ingredients industry, nutrition industry, dairy industry, ice cream industry and baking industry. They have a well defined documented quality system and Standard Operating procedures (SOPs) which is monitored at various stages of procurement and processing. They market their products under the brand name ENNUTRICA, Activday and currently supply to a wide number of customers from different industries. For the financial year 2022-23, they have sold products in more than 15 states domestically and 3 countries internationally. However, their aim to expand the international operations by looking to enter more ASEAN and European countries.  Dindigul Farm Product Limited Prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives:  Capital Expenditure  Working Capital Requirements  General Corporate Purposes     

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Dindigul Farm Product Limited ?

The issue size of the Dindigul Farm Product Limited is 34.83 Cr.

What is 'pre-apply' for Dindigul Farm Product Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Dindigul Farm Product Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.