Dangee Dums is set to open its SME – initial public offering for subscription on 20th August. The company launches its Rs 20.07 crore initial public offer on Monday, allowing promoters to sell part of their stake.
The IPO is consisted of an offer for sale of up to 27,12,000 equity shares shares of face value of Rs 10 each. The promoters of the company have hold 70,35,500 Equity Shares constituting 93.18 % of the issued and paid-up Equity Share capital of the Company.
The book running lead manager to the offer is Monarch Networth Capital Ltd and all equity shares offered through this SME public issue are proposed to be listed on NSE SME
It is an Ahmedabad based company with have around 25000 square feet manufacturing facility to make a delicious products including cakes, pastries, chocolates, cupcakes, ice-creams, bakery products, breads, candies, cookies, softies, savouries, beverages and more.
Dangee Dums is the award winning company by Times Food Award for “best dessert place in Ahmadabad”.
It is a good company to invest because as per the analysis, it has approx 87 outlets across Gujarat, ahmedabadm surat, ghandinagar, Vadadora and more cities.
The employees capacity of around 254 permanent on payroll..
Dangee Dums IPO Reviews & Recommendations:
- We are not sure to invest in Dangee Dums IPO because Company is making few profit in only last 2 years out of 5 years. Investment will be worth but sme market still very poor now. So wait for some experts opinion.
Dangee Dums IPO & Issue Details
|Subscription Dates||20 Aug to 24 Aug-2018|
|Issue Price Band||INR 74|
|Minimum bid (lot size)||1600 Shares|
|Minimum Lot Amount||INR 118400|
|Face Value||INR 10 per share|
|IPO Size||INR 20.07 Cr|
|Issue Type||Fixed Price Issue IPO|
|Listing At||NSE SME|
Dangee Dums IPO Financial Performance (in INR lakhs)
Dangee Dums IPO Subscription Status
|Category||Day 1||Day 2||Day 3||Day 4|
Dangee Dums IPO Tentative Dates: Allotment & Listing Details:
- Bid/Offer Opens On: 9 Aug, 2018
- Bid/Offer Closes On: 14 Aug, 2018
- Basis of Allotment: On or about – 29 Aug 2018
- Refunds Status: On or about – 30 Aug 2018
- Credit of Equity Shares to demat accounts: On or about – 31 Aug 2018
- Listing Date: On or about – 3 Sept 2018
Allotment Status – Dangee Dums IPO : Check Here
Dangee Dums IPO Issue Object
- Repayment of Existing Secured Loans
- Purchase of Fixed Assets
- General Corporate Expense
- Issue Expenses
Dangee Dums IPO Prospectus:
- DRHP Draft Prospectus
- Red Herring Prospectus
Dangee Dums IPO Lead Manager(s):
- MONARCH NETWORTH CAPITAL LIMITED
Dangee Dums IPO Promoters:
- Mr. Nikul Jagdishchandra Patel
- Mrs. Foram Nikul Patel
- Mr. Ravi Hemantkumar Patel
Company Contact Information:
Dangee Dums Limited
4/A, Ketan Society,
Nr. Sardar Patel Colony, Naranpura,
Ahmedabad – 380 014, Gujarat, India
Email: [email protected]
Dangee Dums IPO Registrar:
Bigshare Services Pvt. Ltd
Fax: 91-22-2847 5207
Email: [email protected]