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19 Nov 2024
Dindigul Farm's IPO has successfully raised Rs 34.83 crores through a book-built issue, entirely comprising a fresh offering of 64.5 lakh shares, indicating robust investor interest.
Beeline Capital Advisors managed the IPO as the book-running lead manager, with Link Intime India handling registrar duties.
Dindigul Farm Products saw a strong debut on June 27 on BSE SME, listing at Rs 102.6, marking a 90% premium over its issue price of Rs 54.
The IPO's bidding period ran from June 20 to June 24, with share allotments finalized on June 25.
The IPO's price band was set between Rs 51-54 per share, requiring retail investors to invest a minimum of Rs 1.08 lakh for a lot size of 2,000 shares.
For high-net-worth individuals (HNI), the minimum investment was set at Rs 2.16 lakh for two lots, totaling 4,000 shares.
Founded in 2010, Dindigul Farm specializes in processing whole and skimmed milk into various dairy ingredients, including milk protein concentrates, skimmed milk powder, and dairy whitener. Spread X Securities has been appointed as the market maker for this IPO.
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