ICL Organic Dairy Products Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

31 Jan 2020

Close Date

07 Feb 2020

Allotment

11 Feb 2020

Listing Date

17 Feb 2020

Exchange

BSE SME

Price Band

₹20

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹20

Per share

Face Value

₹10 per share

Lot Size

6,000 Shares

per lot

Issue Size

20,40,000 shares (aggregating up to ₹4.08 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

39,61,696 shares

Promoters

Post-IPO Holding

60,01,696 shares

Promoters

P/E (Pre)

80x

UPI Deadline

2020-02-07

Mandate

Anchor AllotmentThu, 30 Jan 2020

Basis of AllotmentTue, 11 Feb 2020

Refund InitiationWed, 12 Feb 2020

Demat CreditThu, 13 Feb 2020

Listing DayMon, 17 Feb 2020

UPI Mandate Deadline2020-02-07

Sale TypeFresh Capital

Net Offer to Public19,38,000 shares (aggregating up to ₹3.88 Cr)

Market Maker Quota1,02,000 shares (aggregating up to ₹0.2040 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

ICL Organic Dairy Products Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 07 Feb 2020.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	102,000	—	₹0.20
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,040,000	100%	₹4.08

IPO Shares Offered

ICL Organic Dairy Products Ltd IPO total issue size: ₹4.08 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	102,000	₹0.20	5.00%
Total	2,040,000	₹4.08	100.00%

* Based on upper price band ₹20 per share

Lot Size & Investment

Lot Size

6,000

Shares per Lot

Issue Price

₹20.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	12,000	₹240,000
Retail (Max — 13 Lots)	13	78,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	84,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	408,000	₹8,160,000

* Issue Price ₹20 × Lot Size 6,000 shares

IPO Schedule

Anchor

30 Jan 2020

✓ Done

IPO Open

31 Jan 2020

✓ Done

IPO Close

07 Feb 2020

✓ Done

Allotment

11 Feb 2020

✓ Done

Refunds

12 Feb 2020

✓ Done

Demat Credit

13 Feb 2020

✓ Done

Listing Day

17 Feb 2020

✓ Done

₹20.00

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Issue ₹20.00 Live Price

About ICL Organic Dairy Products Ltd

Incorporated in 2013, ICL Organic Dairy Products Ltd is engaged in all sorts of dairy business such as dairy farming, breeding of mammals, and animal husbandry. The company takes the animals either under an agreement or rent with any other person on profit sharing basis to deal with all kinds of products such as milk, cream, paneer, ghee and other by-products.The company deals with milk contractors, dairymen, vendors, milers, dealers, and purveyors. The company is mainly active in Bareilly, Badaun, and Pilibhit districts of Uttar Pradesh. The company focuses on good quality milk and has a veterinary supporting staff to train the farmers.The main work of the 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.Competitive Strengths1. Long-standing client base2. Existing supplier relationship3. Focus on a quality product

Objects of the Issue

Funding the working capital requirements of the Company

Issue related expenses

General corporate purposes

ICL Organic Dairy Products Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹1,207.3

31-Mar-18

₹1,572.7

31-Mar-19

₹223.1

30-July-19

Profit After Tax (PAT)

₹34.9

31-Mar-18

₹27.6

31-Mar-19

₹4.8

30-July-19

Particulars	30-July-19	31-Mar-19	31-Mar-18
Revenue from Operations	223.13	1572.65	1207.30
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	4.83	27.62	34.93
Net Worth	N/A	N/A	N/A
Total Assets	455.42	316.60	327.82
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered20,40,000 (100.00%)

Net Offer to Public19,38,000 shares (aggregating up to ₹3.88 Cr)

Reserved for Market Maker1,02,000 shares (aggregating up to ₹0.2040 Cr)

Pre-Issue Promoter Holding39,61,696 shares

Post-Issue Promoter Holding60,01,696 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

Book Running Lead Managers

Finshore Management Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much ICL Organic Dairy Products Ltd IPO subscribed? ▲

ICL Organic Dairy Products Ltd IPO is subscribed 1.00 times by Feb 07, 2020. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is ICL Organic Dairy Products Ltd IPO retail subscription status? ▼

The ICL Organic Dairy Products Ltd IPO retail category is subscribed 1.00 times as of 07 Feb 2020. The retail portion is oversubscribed.

How to subscribe ICL Organic Dairy Products Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 31 Jan 2020 and closes 07 Feb 2020. Min investment: ₹120,000 (1 lot = 6,000 shares). UPI mandate: 2020-02-07.

How many times ICL Organic Dairy Products Ltd IPO subscribed? ▼

The ICL Organic Dairy Products Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check ICL Organic Dairy Products Ltd IPO allotment? ▼

Check allotment on the registrar website at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 11 Feb 2020. Refunds: on 12 Feb 2020.

When ICL Organic Dairy Products Ltd IPO will be listed? ▼

The ICL Organic Dairy Products Ltd IPO listing date is 17 Feb 2020, Monday. Listed on: BSE SME. Issue price: ₹20. Estimated listing: ₹20. GMP: NIL.

When ICL Organic Dairy Products Ltd IPO close? ▼

The ICL Organic Dairy Products Ltd IPO closes on 07 Feb 2020, Friday. UPI mandate: 2020-02-07. Allotment: 11 Feb 2020. Listing: 17 Feb 2020.

Quick Actions

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Live Price LIVE

Last Price₹20.00

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Issue Price₹20.00

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Quick Summary

StatusListed

Issue Price₹20

Face Value₹10

Lot Size6,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹20

Subscribed1.00x

Open Date31 Jan 2020

Close Date07 Feb 2020

Allotment11 Feb 2020

Listing Date17 Feb 2020

ExchangeBSE SME

UPI Deadline2020-02-07