Dangee Dums IPO

Dangee Dums IPOBusiness description - Dangee Dums was originally incorporated as Aromen Hospitality Private Limited on 13 August 2010. The name of the company was subsequently changed to Dangee Dums Private Limited on 30 June 2017, followed by Dangee Dums Limited on 24 August 2017.

The company is engaged and indulged into chocolate business, bringing forward one of the finest couvertures chocolates sourced from Belgium. The company has also introduced cakes and pastery with the concept of creating an exquisite lounge. The company has a range of 16-17 varieties of cakes and pastries. It operates its business through 81 outlets spread across Ahmedabad, Gandhinagar, Vadodara, Anand, and Surat. The company also has a 25000 square foot centrally air-conditioned manufacturing facility in Ahmedabad which caters to the supply to all the outlets. Dangee Dums also owns refrigerated, temperature-controlled van with GPS tracking for timely deliveries. There is also a depot/ warehouse at Surat for efficient distribution to outlets in Surat.

Promoters of Dangee Dums – Mr Nikul Jagdishchandra Patel, Mrs Forum Nikul Patel and Mr Ravi Hemantkumar Patel
Dangee Dums IPO details
Subscription Dates 20 - 24 August 2018
IPO Price band INR74 per share
Fresh issue 2,712,000 shares (INR20.07 crore)
Offer for sale Nil
Total IPO size 2,712,000 shares (INR20.07 crore)
Minimum bid (lot size) 1,600 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE SME platform
Use of funds
  • Repayment of Existing Secured Loans - INR11.00 crore
  • Purchase of Fixed Assets - INR4.77 crore
  • General Corporate Expense - INR3.80 crore
  • Issue Expenses - INR0.50 crore
Dangee Dums' financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 2.95 5.98 11.53 19.96 36.58
Total expenses 3.84 7.71 12.98 14.60 25.50
Profit after tax -1.28 -2.88 -5.13 0.91 1.55
Dangee Dums' Contact Details

Dangee Dums Limited
4/A, Ketan Society, Nr. Sardar Patel Colony
Naranpura
Ahmedabad - 380 014

Phone: +91 079 27681878
Email: cs@dangeedums.com
Website: www.dangeedums.com

Dangee Dums IPO Subscription Details
Day Subscription (no. of times)
Day 1 1.89
Day 2 3.15
Day 3 4.93
Day 4 60.77

 

Dangee Dums Valuation (For latest FY)

Earnings Per Share (EPS): INR2.42

Price/Earnings (P/E) ratio: 30.57

Return on Net Worth (RONW): 13.39%

Net Asset Value (NAV): INR15.30 per share

Registrar of Dangee Dums IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 ipo@bigshareonline.com
Website: www.bigshareonline.com

Dangee Dums IPO Allotment Status

Dangee Dums IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Dangee Dums

IPO Opening Date: 20 August 2018

IPO Closing Date: 24 August 2018

Listing Date: 3 September 2018

Listing Price on NSE SME: INR89.9 per share (up 21.49% from IPO price)

Closing Price on NSE SME: INR94.35 per share (up 27.5% from IPO price)

Dangee Dums IPO
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