ICL Organic Dairy Products Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 966,000 (47%) | — | ₹193 Cr |
| Retail | — | 972,000 (48%) | — | ₹194 Cr |
| Market Maker | — | 102,000 (5% | — | ₹2 Cr |
| Σ Total | — | 2,040,000 (100%) | — | ₹4,080 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹120,000 |
| Retail (Max) | 13 | 78,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 84,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 402,000 | ₹8,040,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30-July-19 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Revenue | 223 | 1,573 | 1,207 |
| Profit After Tax | 5 | 28 | 35 |
| Total Assets | 455 | 317 | 328 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding the working capital requirements of the Company – 3.48
- Issue related expenses – 0.35
- General corporate purposes – 0.25
Company Overview
Incorporated in 2013, ICL Organic Dairy Products Ltd is engaged in all sorts of dairy business such as dairy farming, breeding of mammals, and animal husbandry. The company takes the animals either under an agreement or rent with any other person on profit sharing basis to deal with all kinds of products such as milk, cream, paneer, ghee and other by-products.
The company deals with milk contractors, dairymen, vendors, milers, dealers, and purveyors. The company is mainly active in Bareilly, Badaun, and Pilibhit districts of Uttar Pradesh. The company focuses on good quality milk and has a veterinary supporting staff to train the farmers.
The main work of the company is to collect the milk from other dairy farmers and its own facility and distribute it to dairy establishments, sweet shops and various households.
Competitive Strengths
1. Long-standing client base
2. Existing supplier relationship
3. Focus on a quality product