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ICL Organic Dairy Products Ltd IPO
(i) The Company is formed in the year 2013 as “ICL Organic Dairy Products Private Limited, which later on converted in Public company in 2019, before coming for IPO. The company is promoted by Mr. Roop Kishore and Mr. Avadhesh Kumar Gola. Both the brothers Mr. Roop Kishore Gola and Mr. Avadhesh Kumar Gola belong to a farmer family and with agricultural background, they initiated the Dairy business and availed the benefit of Kamdhenu Yojna of Uttar Pradesh Government to set up the Dairy in 2013 at Bareilly.
(ii) ICL Organic is doing the business of milk procurement and direct distribution. Milk procured from villages is directly distributed to Sweet Shops, Retailers, different establishments and households. The company is mainly active in the District of Bareilly and the adjoining district of Badaun, a huge milk producer area as well as Pilibhit which is just 30 to 40 km away from the operational area and covered approximately 30 villages at present.
(ii) Milk produced from the facility at Khajuai, Akaha Ghanni Road, Bareilly, Uttar Pradesh – 243001 are distributed to premium customers. Milk distribution is done by taking vehicles on rent.
Objects of the ICL Organic Dairy Products Ltd IPO:
ICL Organic Dairy Products Ltd IPO Details:
|Open Date:||Jan 31 2020|
|Close Date:||Feb 07 2020|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed issue|
|Issue Size:||4.08 Cr.|
|Lot Size:||6000 Shares|
|Issue Price:||₹ 20 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Feb 12 2020|
Promoters And Management:
Financials of ICL Organic Dairy Products Ltd IPO:
Comparison With Peers:
|Name of the Company||F.V.||EPS||P/E Ratio||RONW|
|Parag Milk Foods||10||14.50||10.60||16%|
|ICL Organic Dairy Products Limited||10||0.45||44.44||2%|
Recommendation on ICL Organic Dairy Products Ltd IPO:
Lead Manager of ICL Organic Dairy Products Ltd IPO:
Registrar of ICL Organic Dairy Products Ltd IPO:
Bid Details of ICL Organic Dairy Products Ltd IPO as on
03 Feb 2020 | 12:12:01 PM
|Category||No.of shares offered||No. of shares bid|
Discussion on ICL Organic Dairy Products Ltd IPO:
Due to some technical issue, the same is not being updated.
Very good peers are available in the listed market, that too at an attractive valuation.
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