ICL Organic Dairy Products Ltd IPO

ICL dairy logo

ICL Organic Dairy Products Ltd IPO is a BSE SME IPO, which is open for all investors from 31st January 2020, Friday to 4th February 2020, Tuesday. Promoters are offering 2,040,000 equity shares to public through this issue which is worth of Rs 4.08 Crores. For other IPO details on ICL Organic Dairy Products Ltd IPO, scroll below

IPO Details

Grey Market Premium of ICL Organic Dairy Products Ltd IPO

GMP of ICL Organic Dairy Products Ltd IPO is currently Not Available. Grey Market Premium will be updated once it’s available

Allotment Status

Expected Listing Gains

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The IPO in consideration may or may not get listed as per the suggested value over here, therefore Investors are advised to conduct proper due diligence before investing in this IPO

Company Background

ICL Organic Dairy Products Ltd is a Noida based entity engaged in dairy farming & animal husbandry, with an annual revenue of Rupees 1.8762 crores.

  • Company has 25 employees on its payroll
  • Company doesn’t hold intellectual property rights
  • As per RHP company has sufficient insurance to mitigate risks
  • Company has 7 warehouses, 30 stockiest and 84 distributors distribute its products

Date of Incorporation

ICL Organic Dairy Products Ltd was as a  Private Limited Firm on 7th September 2012. Company was finally converted into a public limited company on 20th November 2017 with a Corporate Identification Number, U74992UP2012PLC052404

Promoters

Roop Kishore Gola, Avadhesh Kumar Gola and Rajni Gupta are the promoters of the company

Product & Services Offered

ICL Organic Dairy Products Ltd offers following products & services to its clients:-

  • The company deals with milk contractors, dairymen, vendors, milers, dealers, and purveyors
  • 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.

Clientele base of the company

Company caters domestic clients specifically regions of UP which includes Bareilly, Badaun, and Pilibhit districts of Uttar Pradesh

Purpose of this IPO

Purpose of the issue:

  • To meet up the working capital requirements of the company
  • General corporate purposes
  • To meet up issue expenses

Chandra Bhagat Pharma Ltd IPO Issue Details

Issue Details
Issue Open 31st January 2020, Friday Issue Close 4th February 2020, Tuesday
Issue Type Fixed Price IPO Issue Face Value Rs 10 Per Equity Share
Price Band Rs 20 Per Equity Shares Bid Lot & Minimum order quantity 6000 Shares
Issue Size Rs 4.08 Crore Listing at BSE SME

IPO Timeline

Company Financials

For the year/period ended (₹ in Lakhs)
30-June-19
31-Mar-19
31-Mar-18
31-Mar-17
Total Assets 445.11 316.60 327.82 226.00
Total Revenue 187.62 1,572.65 1,207.30 252.68
Profit After Tax 4.36 27.62 34.93 5.03

ICL Organic Dairy Products Ltd IPO Review

As per experts one could avoid this IPO.

Investors are advised to conduct proper due diligence before investing in this IPO

Litigation Details

Red Herring Prospectus of ICL Organic Dairy Products Ltd IPO

Bidding Status

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Listing Day Information

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IPO Lead Managers

Finshore Management Services Limited is managing the IPO

Address of the company

ICL Organic Dairy Products Ltd
A-105, 3rd Floor, Sector-63,
Gautam Buddha Nagar, Noida,
Uttar Pradesh – 201301, India

Phone: 0120-4319744

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