Dindigul Farm Product Limited

About the company

## **About  Dindigul Farm Product Limited** Incorporated in 2010, Dindigul Farm Product Limited is primarily engaged in processing of whole milk and skimmed milk to make dairy ingredients including, milk protein concentrates, skimmed milk powder, dairy whitener, whey protein concentrate, milk whey powder, casein, unbranded cream, butter and fat filled powders for infant milk formula. The processing facility is situated at Dindigul and is spread over 15 acres. The management system has been assessed and determined to comply with the requirements of FSSC 22000. They also follow and comply with requirements of various relevant authorities in their industry such as FSSAI, Halal, Kosher, Export Import Council of India, Europe Regulations in respect of certain of their products. They have also obtained a registration cum membership certificate from APEDA. The procurement operations consist of an average procurement of approximately 50,000 litres per day of milk directly from farmers and around 30,000-1,00,000 litres per day of whole milk from open market or third-party suppliers. They have built a network of more than 150 village collection centres, with direct access to more than 4,000 farmers and more than 50 dairy farms. They procure whole milk either directly from the farmers and through third party suppliers. The skimmed milk is procured by them from third party suppliers, majorly from their Group Company A R Dairy Food Private Limited. They place significant emphasis on quality control and assurance processes across the business model ensuring and setting the right customer expectation and assurance models. The whole milk procured by us is tested by automatic Milk analysers placed at Village Level Milk Collection centres and a combined quality and sampling methods at Chilling Center Level. The key products have been received and tested in regular intervals by NABL approved food testing labs to comply the requirements of the above stated quality certifying / assuring / inspection authorities Like FSSC etc. Quality food safety forms a part of their policy and theybelieve is one of the main drivers of their business. The mainly supply products to Dairy Industry, Food Ingredients industry, nutrition industry, dairy industry, ice cream industry and baking industry. They have a well defined documented quality system and Standard Operating procedures (SOPs) which is monitored at various stages of procurement and processing. They market their products under the brand name ENNUTRICA, Activday and currently supply to a wide number of customers from different industries. For the financial year 2022-23, they have sold products in more than 15 states domestically and 3 countries internationally. However, their aim to expand the international operations by looking to enter more ASEAN and European countries. Dindigul Farm Product Limited Prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives: Capital Expenditure Working Capital Requirements General Corporate Purposes

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   20 Jun 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   24 Jun 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   22 Jun 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   26 Jun 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   25 Jun 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   27 Jun 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.