New Delhi: Dindigul Farm IPO was fully subscribed after opening on Thursday, June 20, 2024. The IPO is priced at Rs 51-54 per share and is known for its offerings ranging from ice cream to ENNUTRICA and Activday. The company draws upon the output of 150 village collection centres with contributions from over 4,000 farmers and 50 dairy farms. With markets rocketing ever-higher over the last few days, investor interest too is spiking and they would definitely be looking for how this new issue will perform. So, have a look at Dindigul Farm IPO GMP today, subscription status, allotment date, price band and much more.
Dindigul Farm IPO GMP today, subscription status
Dindigul Farm IPO GMP was at Rs 70 apiece, indicating a listing price of Rs 124 per share. GMP or grey market premium is the price that an investor is willing to pay over and above the IPO price to acquire its shares. Dindigul Farm IPO was subscribed 5.53X with bids received for 1,18,50,000 shares compared to 21,44,000 shares on offer, according to Chittorgarh.com.
Dindigul Farms IPO allotment date
Dindigul Farms IPO allotment date is likely to be June 25, 2024. Allotted shares will be credited by June 26. 2024. The company’s stock may list on the BSE SME index by June 27, 2024. Having opened on Thursday, June 20, 2024, the IPO will be closed on June 24, 2024.
Dindigul Farm IPO key details
Dindigul Farms IPO worth Rs 34.83 crore comprises 64.5 lakh shares with a minimum lot size of 2,000 shares worth Rs 1,08,000 for retail investors. The company reported profit after tax of Rs 525.79 crore for the period ended March 31, 2023 compared to a loss of Rs 420.08 crore in the year-ago period.
The company’s revenues stood at Rs 8,199.34 crore, compared to Rs 2,485.07 crore in the year-ago period. Dindigul Famr is likely to compete with listed companies such as Dodla Dairy and Parag Milk Foods. The company is eyeing expansion in ASEAN region and European markets.
Proceeds from the Dindigul Farm IPO will be used for capital expenditure, to meet working capital requirements as well as for general company purposes. The book running lead manager on the IPO is Beeline Capital Advisors. LinkIntime India is the registrar for the Dindigul Farm IPO, while SpreadXSecurities is acting as the market maker.
Dindigul Farm IPO GMP today: The milk and milk products company’s IPO was fully subscribed on offer opening on June 20, 2024 and will close on June 24, 2024. Check Dindigul Farm IPO GMP, subscription status and allotment date now. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
