Dindigul Farm IPO saw 90% premium listing on BSE SME
Dindigul Farm Products had a phenomenal entry on June 27th, with its listing price on BSE SME at Rs.102.6, surpassing the initial public offer (IPO) price of the shares.
Dindigul Farm IPO raised Rs.34.83 crore through the Book Built issue successfully and it is fully subscribed. The IPO only comprises a fresh issue of 64.5 lakh shares, showing good investor demand for the offering.
Dindigul Farm IPO, which was open for subscription between June 20-24. The final allocation of shares took place on June 25.
The price range for the Dindigul Farm IPO was fixed from Rs.51 to 54 per share. For retail investors, a minimum of Rs.1.08 lakh was required for investing in a lot size of 2,000 equity shares and there were discounts at play too. The minimum investment for high-net-worth individuals (HNI) was fixed at Rs.2.16 lakh – two lots totalling 4,000 shares.
The Dindigul Farm IPO was managed by Beeline Capital Advisors as the book-running lead manager, while Link Intime India served as registrar. Spread X Securities has been chosen as the market maker for this IPO.
Established in 2010, Dindigul Farm is a company dedicated to the production of whole milk and skimmed milk ingredient products.
