Dindigul Farm made a Spectacular Debut, Shares lists with 90% Premium at ₹102.60

Dindigul Farm launched successfully on the BSE SME with a share price opening at ₹102.60, a 90% increase from the initial price, reflecting robust investor confidence and enthusiasm.
Dindigul Farm made a Spectacular Debut, Shares lists with 90% Premium at ₹102.60

Dindigul Farm’s share price had an impressive debut on the BSE SME, opening at ₹102.60, marking a 90% increase from the issue price of ₹54. This strong opening reflects significant investor enthusiasm and confidence in the company’s potential.

The Dindigul Farm Product IPO, with shares priced between ₹51 and ₹54, opened for subscription from June 20 to June 24. By the final day, it was oversubscribed by 202.35 times, reflecting intense investor interest. The lot size for the IPO was 2,000 shares.

Founded in 2010, Dindigul Farm Product Limited specialises in processing milk into dairy ingredients at its Dindigul facility, adhering to international standards like FSSC 22000 and FSSAI. They procure up to 100,000 litres of milk daily, supported by over 150 village centres and rigorous quality testing to ensure top product standards.

Dindigul Farm Product Limited aims to use IPO proceeds for capital expenditure on new butter production and to meet working capital needs for FY 2023-24. The remaining funds will support general corporate purposes and strategic growth initiatives.

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