Dangee Dums Limited IPO
Issue Analysis :
| Issue opens | Aug 20, 2018 |
| Issue Closes | Aug 24, 2018 |
| Issue Price | Rs 74 |
| Lot Size | 1600 |
| Issue Size | 20.07 Cr |
| Lead Manager | MONARCH NETWORTH CAPITAL LIMITED |
| Registrar | BIGSHARE SERVICES PVT. LTD |
| Platform | NSE |
Company’s Snapshot :
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:
- Cakes and Pastries
- Designer Cake
- Chocolates
- Cupcakes and Ice creams
- Other Bakery Products
Dangee Dums has recently introduced ice cream which is receiving a very good response from the customers. The
other 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-
- Widespread footprint across Gujarat with 81 stores
- Sales growth of 60% CAGR on a YoY basis
- Established brand in Gujarat
Object of the Issue:
The objects of the issue are-
- Repayment of Existing Secured Loans
- Purchase of Fixed Assets
- General Corporate Expense
- Issue Expenses
Financial Highlights :
| Summary of financial Information (Restated Standalone) | ||||||
| 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) | |
| Summary of financial Information (Restated Consolidated) | ||||||
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Mar-17 | ||||||
| Total Assets | 2,716.49 | |||||
| Total Revenue | 1996.12 | |||||
| Profit After Tax | 90.50 | |||||
Company Promoters:
The promoters of the company are Mr. Nikul Jagdishchandra Patel, Mrs. Foram Nikul Patel, and Mr. Ravi Hemantkumar Patel. They together hold 70,35,500 Equity Shares constituting 93.18 % of the issued and paid-up Equity Share capital of the Company.
Contact Company Information:
Dangee Dums Limited
4/A, Ketan Society,
Nr. Sardar Patel Colony, Naranpura,
Ahmedabad – 380 014, Gujarat, India
Phone: 079-27681878
Email: cs@dangeedums.com
Website: http://www.dangeedums.com/
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