ICL Organic Dairy Products Ltd SME IPO
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 Strengths
- Long-standing client base
- Existing supplier relationship
- Focus on a quality product
Company Promoters: Mr. Roop Kishore Gola and Mr. Avadhesh Kumar Gola.
Issue Details
| ICL Organic Dairy Products Ltd- SME IPO | |
| Issue Open | Jan 31, 2020 - Feb 04, 2020 |
| Issue Size | 2,040,000 Eq Shares of Rs 10 (aggregating up to Rs 4.08 Cr) |
| Face Value | Rs 10 per Equity Share |
| Issue Price | Rs 20 per Equity Share |
| Market Lot | 6000 Shares |
| Listing At | BSE SME |
|
Objectives |
1. To meet the working capital requirements of the company |
Company Financials
| Particulars | For the year/period ended (in lakh rupees) | ||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 316.60 | 327.82 | 226.00 |
| Total Revenue | 1,572.65 | 1,207.30 | 252.68 |
| Profit After Tax | 27.62 | 34.93 | 5.03 |
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