Dindigul Farm IPO share allotment today: How to check status online?

The share allotment for the initial public offer (IPO) of Dindigul Farm Product Limited is expected to be finalised on Tuesday, June 25, following a highly successful subscription period. By the last day of bidding on June 24, the IPO saw a total subscription of more than 188 times, as per BSE data. The company received bids for 8.68 crore shares, which is significantly higher compared to the 42.90 lakh shares on offer.

The SME public offer saw strong demand from both Non-Institutional Investors (NIIs) and retail investors. While NIIs subscribed to the issue over 207 times, retail investors subscribed more than 201 times. The Qualified Institutional Buyer (QIB) portion saw a subscription of almost 146 times.

The IPO was open for subscription from June 20 to June 24. The shares offered in Dindigul Farm IPO will be listed on the BSE SME platform on June 27, Thursday.

The Dindigul Farm IPO featured a lot size of 2,000 shares and a price band in the range of ₹51 to ₹54 per equity share.

Investors who applied for the Dindigul Farm IPO can check the allotment status on the website of the IPO registrar Link Intime India Private Limited or BSE.

Here’s how you can check the allotment status online:

• Visit the registrar’s website — https://linkintime.co.in/IPO/public-issues.html
• Select ‘Dindigul Farm Product Limited’ from the ‘company selection’ dropdown menu. The company’s name will appear only after the finalisation of the allotment
• Enter your PAN, application number, or demat account number on the next page
• Click ‘submit’ to view the Dindigul Farm IPO allotment status

• Visit the BSE website — https://www.bseindia.com/investors/appli_check.aspx
• Click on the ‘Equity’ section and select ‘Dindigul Farm Product Limited’ from the dropdown menu
• Enter your application number or PAN
• Click on the ‘search’ button
• The result will display the number of shares allotted in case of successful allotment

Dindigul Farm IPO objective

Dindigul Farm plans to use the net proceeds from the IPO primarily for capital expenditures, working capital requirements and general corporate purposes. The company intends to support its operations in manufacturing milk proteins, dairy ingredients and infant milk formulae. Dindigul Farm specifically plans to allocate ₹12.12 crore towards acquiring plant and machinery to commence butter production, while ₹13.84 crore has been earmarked for meeting working capital needs.

Dindigul Farm’s product range includes milk protein concentrates, dairy whitener, skimmed milk powder, milk whey powder, sodium caseinate, fat-filled powders, acid casein and infant milk powders.

As of December 31, 2023, Dindigul Farm Product reported revenues of ₹68.74 crore. In the fiscal year FY23, the company achieved revenues of ₹81.57 crore, a significant increase from ₹28.31 crore in FY22.

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