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

  1. Long-standing client base
  2. Existing supplier relationship
  3. 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
 2. To meet the Issue Expenses
 3. General Corporate Purposes

 

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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