Avyukta Dairy Products IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Avyukta Dairy Products IPO release date, IPO offer price, subscription, Avyukta Dairy Products Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 43 |
| Listing At | BSE, SME |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 356.04 Lakh |
| Tick Size | 1 |
Avyukta Dairy Products IPO is listed at a Rs 33 premium. Check out the live share price by clicking on the below link.
| Live Performance – Avyukta Dairy Products Share Price |
Avyukta Dairy Products IPO – Summary
Our Company was originally incorporated as “Avyukta Dairy Products Private Limited” on September 23, 2016, at Delhi as a private limited company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated September 23, 2016, issued by the Registrar of Companies, Delhi.
Consequent upon the conversion of our Company to public limited Company, the name of our Company has been changed to “Avyukta Dairy Products Limited” vide fresh Certificate of Incorporation dated July 09, 2021, issued by the Registrar of Companies, Delhi.
The Promoter of this company is MS. ANJANI MITTAL. The lead manager to the issue is NAVIGANT CORPORATE ADVISORS LIMITED, and the Registrar to this issue is MAS SERVICES LTD.
Avyukta Dairy Products IPO Date
The opening and the closing date of Avyukta Dairy Products IPO are not available yet.
Avyukta Dairy Products IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Avyukta Dairy Products IPO LIVE Subscription
- Avyukta Dairy Products IPO LIVE Bid details on BSE
- Avyukta Dairy Products IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Avyukta Dairy Products IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Avyukta Dairy Products Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Avyukta Dairy Products IPO Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.43
Avyukta Dairy Products IPO Equity Size
This Initial Public Issue of 8,28,000 Equity Shares of Rs.10 each for cash at a price of Rs.43 per equity share aggregating to Rs.356.04 Lakh.
Avyukta Dairy Products IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.356.04 Lakh
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Avyukta Dairy Products IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Avyukta Dairy Products Share Price |
Avyukta Dairy Products IPO Grey Market Premium
The Avyukta Dairy Products Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Avyukta Dairy Products IPO – Company Overview
We are engaged in the manufacturing and marketing of dairy-based branded foods in India. We are an integrated milk Company in India with a focus to cater to institutional as well as retail customers.
Avyukta Dairy Products have set up a manufacturing facility to produce fresh dairy products, including pasteurized milk, flavored milk, sweetened condensed milk, ultra-pasteurized or ultra-high temperature (UHT) milk.
Our Milk products are marketed under the mark “Aveena Milk products” which is owned by a member of our Promoter Group Mr. Avdhesh Mittal who has allowed our Company to use the mark for business purposes.
Our integrated business model encompasses almost all aspects of the dairy industry value chain, including procurement of raw milk, and the production, supply, and sale of a range of processed milk and dairy products. We believe that our integrated business model enables us to leverage the dairy industry value chain, ensure efficiency in costs and operating margins and exercise more control over the production process resulting in quality products.
Avyukta Dairy Products IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 2065.94 | 1766.89 | 1072.18 |
| *Total Revenue | 81.36 | 6.46 | 0.13 |
| Total Expense | 41.00 | 2.69 | 0.14 |
| Profit After Tax | 13.35 | 3.16 | (14.43) |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 0.59 | 0.14 | – |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 13.35 Lakh, Rs. 3.16 Lakh, and Rs. (14.43) Lakh respectively.
Avyukta Dairy Products IPO – Promoters
The Promoter of this company is:
- MS. ANJANI MITTAL
List of Related Parties (Key Managerial Personnel)
- Anjani Mittal, Managing Director
- Sarla Duhan, Non Executive and Non Independent Director
- Suresh Kumar Goswami, Non-Executive, and Independent Director
- Rao Laxman Singh, Non-Executive and Independent Director
Avyukta Dairy Products IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Avyukta Dairy Products IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 8,28,000 Equity Shares aggregating up to Rs.356.04 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 42,000 Equity Shares aggregating up to Rs.18.06 Lakh |
| Net Issue to the Public | Up to 7,86,000 Equity Shares aggregating up to Rs.337.98 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 3,93,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 3,93,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 22,47,434 Equity Shares |
| Equity Shares outstanding after the Issue | 30,75,434 Equity Shares |
Avyukta Dairy Products IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To part finance working capital requirements of the Company;
2. To meet General corporate purposes;
3. To meet the expenses of the Issue.
Avyukta Dairy Products IPO – Business Strategy
- Expansion of Domestic Market
- Improving operational efficiencies
- Promotion of our brand recognition
- Leveraging our Market skills and Relationships
- Pursue strategic acquisitions
- Further, expand our direct milk procurement network
- Expand our product portfolio and offer specialty products
Avyukta Dairy Products IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Integrated business model and cost-efficient operations
- Strategic Location of our manufacturing facility
- Stringent quality control
- Robust milk procurement system
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 0.59 | 1.99 | 29.78 |
| 31-Mar-20 | 0.14 | 0.52 | – |
| Mar-19 | – | – | – |
Avyukta Dairy IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Avyukta Dairy Products Limited | 10 | 72.88 | 0.59 | 1.99 | 81.36 |
| Listed Peers | |||||
| Parag Milk Foods Limited | 10 | 50.75 | 2.08 | 1.90 | 179,855.9 |
| Dodla Dairy Limited | 10 | 5.28 | 19.22 | 17.94 | 184,469.2 |
Avyukta Dairy IPO Lead Managers
| Lead Managers |
| NAVIGANT CORPORATE ADVISORS LIMITED 423, A Wing, Bonanza, Sahar Plaza Complex, J B Nagar, AndheriKurla Road, Andheri East, Mumbai-400 059 Tel No. +91-22-41204837/49735078 Email Id- navigant@navigantcorp.com Investor Grievance Email: info@navigantcorp.com Website: www.navigantcorp.com SEBI Registration Number: INM000012243 Contact Person: Mr. Sarthak Vijlani |
Avyukta Dairy IPO Registrar to offer
| Registrar to the Offer |
| MAS SERVICES LTD. T-34, 2nd Floor, Okhla Industrial Area, Phase – II, New Delhi – 110020, Tel No.: +91-11-26387281/82/83 Fax No.: +91-11-26387384 E-mail ID: info@masserv.com Website: www.masserv.com Contact Person: Mr. Sharwan Mangla SEBI Registration No: INR000000049 |
Avyukta Dairy IPO – Other Details
- Statutory Auditor – M/s. PAN & Co., Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Avyukta Dairy IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Avyukta Dairy Products Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Avyukta Dairy Products IPO Review FAQs
Ques – What is the Issue Size of Avyukta Dairy IPO?
Answer – The Company is making an initial public offer of 8,28,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Avyukta Dairy IPO?
Answer – The price band for this particular IPO ranges between Rs 43. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Avyukta Dairy Products IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the Avyukta Dairy IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the Avyukta Dairy IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of Avyukta Dairy IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. MAS SERVICES LTD. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Avyukta Dairy IPO?
Answer – Here are the promoters of this IPO – MS. ANJANI MITTAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Avyukta Dairy IPO?
Answer – We have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Avyukta Dairy IPO good for Investment?
Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Avyukta Dairy Company?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 13.35, 2020 is 3.16, 2019 is (14.43).
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