IPO Issue Details
Issue Price / Price Band₹74 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size27,12,000 shares (aggregating up to ₹20.07 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 20 Aug 2018
Subscription CloseFri, 24 Aug 2018
Anchor AllotmentSun, 19 Aug 2018
Basis of AllotmentWed, 29 Aug 2018
Initiation of RefundsThu, 30 Aug 2018
Credit of Shares to DematFri, 31 Aug 2018
Listing DateMon, 03 Sep 2018
UPI Mandate Deadline2018-08-24
Application & Investment Details
Retail — Min (1 Lots)₹1,18,400 — 1,600 shares
Retail — Max (13 Lots)₹1,539,200 (13 Lots)
HNI — Min (2 Lots)₹2,36,800 — 3,200 shares
Net Offer to Public25,76,000 shares (aggregating up to ₹19.06 Cr)
Reserved for Market Maker1,36,000 shares (aggregating up to ₹1.01 Cr)
Pre-IPO Promoter Holding75,53,000 shares
Post-IPO Promoter Holding1,02,65,000 shares
About Dangee Dums Ltd.
Incorporated in 2010, Ahmedabad based Dangee Dums Limited is a company engaged in the business of cakes, chocolates, and desserts.The company manufactures the following products:1. Cakes and Pastries2. Designer Cake3. Chocolates4. Cupcakes and Ice creams5. Other Bakery ProductsDangee Dums has recently introduced ice cream which is receiving a very good response from the customers. Theother products are Artisan Breads, Candies, Cookies, Khari Toast, Thick shakes, Softies, Savouries, and beverages.The company has a 25000 square feet manufacturing facility in Ahmedabad. It has 87 outlets across Gujarat with 46 outlets in Ahmedabad, 23 in Surat, 12 in Vadadora, 3 each in Gandhinagar and Surat.Dangee Dums was awarded as the "best dessert place in Ahmedabad" in Times Food Award on February 12, 2012.The company has 254 permanent employees on its payroll.Strengths of the Company-1. Widespread footprint across Gujarat with 81 stores2. Sales growth of 60% CAGR on a YoY basis3. Established brand in Gujarat
Objects of the Issue
Dangee Dums Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment of Existing Secured Loans
11.00
2
2 Purchase of Fixed Assets
4.77
3
3 General Corporate Expenses
3.80
Shareholding & Lock-in
Pre-IPO Promoter Holding
75,53,000 shares
Post-IPO Promoter Holding
1,02,65,000 shares