ICL Organic Dairy Products

ICL Organic Dairy Products Limited IPO Details

ICL Organic Dairy Products Limited IPO Subscription Period From Jan 31 to Feb 4, 2020:

ICL Organic Dairy Products Limited launched in 2013. The company involved in dairy farming, breeding of mammals, and animal husbandry. It introduced a new IPO through Small and Medium Enterprises. The subscription period starts on Jan 31 and it will end on Feb 4, 2020. 

IPO Details:

Bid Period Jan 31 to Feb 4, 2020
IPO Type Fixed Price Issue
IPO Size 2,040,000 Eq Shares of Rs 10 (aggregating up to Rs 4.08 crore)
Face Value Rs 10 Per Eq Share
Issue Price Rs 20 Per Eq Share
Market Lot 6000 Shares
Min Order Quantity 6000 Shares
Listing At BSE SME

It is a Fixed Price Issue type of IPO with the face value of Rs 10 per equity share. initially, the size of the IPO is 2,040,000 equity shares of Rs 10 with aggregating up to Rs 4.08 crore. Moreover, the market lot of the ICL Dairy IPO is 6000 shares. Also, the minimum order quantity of the issue is 6000 shares (1 lot), and the lot price is around Rs 120,000. The offered price of the Issue is Rs 20 per eq share in the subscription period. 

Promoter Holdings:

The promoter or lead managers of the company is Roop Kishore Gola, Avadhesh Kumar Gola.

Pre Issue Share Holding 72.71%
Post Issue Share Holding 47.99%

The objective of the company, it plans to utilize the raised amount for working capital requirements, IPO expenses, and general corporate purposes. The IPO will be listed on BSE SME.

Registrar:

Cameo Corporate Services Limited

Subramanian Building # 1, Club House Road,

Chennai 600 002 – India

Phone: +91-44-28460390

Email: [email protected]

Website: https://online.cameoindia.com/

Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.

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