The Dangee Dums date has been confirmed from August 20, 2018 and ended on August 24, 2018.
Dangee Dums Developers IPO is a fixed price issue of Rs 20.07 crores. The price is ₹74 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹118,400.
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Bidding Dates
August 20-24
Price Range
₹74 per share
Face Value
₹10 per share
GMP
₹11.35
Dangee Dums IPO GMP
The Dangee Dums IPO GMP is ₹11.35.
IPO Overview
Dangee Dums IPO is a fixed-price offering of Rs 20.07 crore. Dangee Dums’ IPO bidding began on August 20, 2018 and finished on August 24, 2018. The allotment for the Dangee Dums IPO was finalised on Wednesday, August 29, 2018. The shares were listed on the NSE SME on September 3, 2018. Dangee Dums’ IPO price is ₹74 per share. The minimum lot size for an application is 1600 shares. The minimum investment for retail investors is ₹118,400.
Strengths of the Company
- Widespread footprint across Gujarat with 81 stores
- Sales growth of 60% CAGR on a YoY basis
- Established brand in Gujarat
Dangee Dums IPO Details
| IPO Date | August 20, 2018 to August 24, 2018 |
| Listing Date | September 3, 2018 |
| Face Value | ₹10 per share |
| Price | ₹74 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,712,000 shares (aggregating up to ₹20.07 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 136,000 shares |
Dangee Dums Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 4,367.23 | 2,716.77 | 1,552.91 | 845.43 | 309.28 | |
| Total Revenue | 3,657.86 | 1,996.12 | 1,153.12 | 598.39 | 295.34 | |
| Profit After Tax | 154.77 | 90.52 | (513.16) | (288.03) | (127.59) | |
Dangee Dums IPO Timeline
| IPO Open Date | Monday, August 20, 2018 |
| IPO Close Date | Friday, August 24, 2018 |
| Basis of Allotment | Wednesday, August 29, 2018 |
| Initiation of Refunds | Thursday, August 30, 2018 |
| Credit of Shares to Demat | Friday, August 31, 2018 |
| Listing Date | Monday, September 3, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 24, 2018 |
Company Profile
Dangee Dums Limited, headquartered in Ahmedabad, was founded in 2010. The company specialises in cakes, chocolates, and sweets. Dangee Dums has lately added ice cream, which has received a very positive response from customers. Other items include artisan breads, candies, cookies, khari toast, thick shakes, softies, savoury snacks, and beverages. The company’s manufacturing facility in Ahmedabad is 25000 square feet. It has 87 outlets in Gujarat, including 46 in Ahmedabad, 23 in Surat, 12 in Vadadora, and 3 in Gandhinagar and Surat. On February 12,
2012, Dangee Dums received the “best dessert place in Ahmedabad” award from the Times Food Awards. The company’s payroll includes 254 permanent employees. The company manufactures the following products:
- Cakes and Pastries
- Designer Cake
- Chocolates
- Cupcakes and Ice creams
- Other Bakery Products
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Dangee Dums Limited |
| Phone number | 079-27681878 |
| Email ID | cs@dangeedums.com |
| Website | dangeedums.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
