ICL Dairy IPO is all about to make its debut on 31 January 2020, with an issue size of 4.08CR. ICL Organic Dairy Products Ltd, a 2013 incorporation, is involved in a variety of dairy-related businesses, including dairy farming, mammal breeding, and animal husbandry. For the purpose of handling various products like milk, cream, paneer, ghee, and other by-products, the corporation either rent the animals from anyone or acquires them under an agreement.
The business works with dairymen, vendors, milers, dealers, and purveyors of milk. The company mostly operates in the Uttar Pradesh districts of Bareilly, Badaun, and Pilibhit. The business prioritizes high-quality milk and employs veterinary support professionals to help train the farmers.
INDUSTRY OVERVIEW
According to estimates, India’s GDP grew 7.2% in 2017–18 and 7.1% in 2018–19. With more than 4,750 technology start-ups, India has maintained its ranking as the third-largest start-up base in the world. Based on the rate of population growth, increased labour force participation, and improved education levels, India’s labor force is projected to reach 160–170 million by 2020.
ICL Dairy IPO Details
| IPO Date | Jan 31, 2020 to Feb 7, 2020 |
| Listing Date | Monday, February 17, 2020 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Issue Size | 2,040,000 shares of ₹10(aggregating up to ₹4.08 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| P/E (x) | 80 |
| Market Cap (₹ Cr.) | 12 |
ICL Dairy IPO Tentative Timetable
| Event | Tentative Date |
| Opening Date | Jan 31, 2020 |
| Closing Date | Feb 7, 2020 |
| Basis of Allotment | Feb 11, 2020 |
| Initiation of Refunds | Feb 12, 2020 |
| Credit of Shares to Demat | Feb 13, 2020 |
| Listing Date | Feb 14, 2020 |
Company Financials
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
| 30-July-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 455.42 | 316.60 | 327.82 | 226.00 | |
| Total Revenue | 223.13 | 1,572.65 | 1,207.30 | 252.68 | |
| Profit After Tax | 4.83 | 27.62 | 34.93 | 5.03 |
Objects of the Issue
The company proposes to utilize the funds for the following objects:
1. To meet the working capital requirements of the company
2. To meet the Issue Expenses
3. General Corporate Purposes
ICL Dairy IPO Prospectus
Company Contact Information
ICL Organic Dairy Products Ltd
A-105, 3rd Floor, Sector-63,
Gautam Buddha Nagar, Noida,
Uttar Pradesh – 201301, India
Phone: 0120-4319744
Email: cs@icldairy.com
Website: http://www.icldairy.com/
ICL Dairy IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
ICL Dairy IPO Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
