Dindigul Farm made a stellar debut on the BSE SME platform today, with its share price opening at ₹102.60, marking a 90% increase from its issue price of ₹54.
The subscription period for Dindigul Farm’s IPO ran from June 20 to June 24, with the issue oversubscribed by 202.35 times. Each lot of Dindigul Farm IPO comprised 2,000 shares, priced in the range of ₹51 to ₹54 per equity share with a face value of ₹10.
Established in 2010, Dindigul Farm specializes in dairy products such as dairy whitener, skim milk powder, and milk protein concentrates processed from whole and skim milk.
The IPO, valued at ₹34.83 crore, involved a fresh issuance of 6,450,000 equity shares without an offer-for-sale component. Proceeds from the IPO will fund capital expenditure, working capital requirements, and general corporate purposes.
Beeline Capital Advisors Pvt Ltd served as the book running lead manager, while Link Intime India Private Ltd acted as the registrar. Spread X Securities functioned as the market maker for the IPO.
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