Dangee Dums Ltd

dangee dums

About the Company:

Dangee Dums Ltd is engaged and indulged into a venture of chocolate business, bringing forward one of the finest couvertures chocolates sourced from Belgium.

Dangee Dums started the business by launching cakes for minimum price tag of Rs. 1200 for one kg cake when other cake retailers were selling at Rs. 500 to Rs. 600 per kg.

With an aim to promote cakes, company introduced the concept of designer cake in 2011, which was the first of its kind in Ahmadabad.

Company Manufactures following Products:

  • Cakes and Pastries
  • Designer Cake:
  • Chocolates:
  • Cupcakes and Ice creams
  • Other Bakery Products


Capacity Utilization: 

capacity utilization


Company’s Business Strategies:

Widening Distribution Network:

At present company is covering Gujarat state and are in the process of covering Maharashtra. Company aim to expand their operations and widen the distribution network. Further, they intend to open new outlets to increase the availability of their products.

Developing the new Product Line:

Company focuses on research and development to distinguish themselves from their competitors to enable them to introduce new products based on customer preferences and demand. Company has wide product basket and strive to add new products that are essential or which are trending in the market.

New Products in Pipeline:

Company has just introduced ice cream which is receiving very good response from the customers. The other products are Softies, Candies, Cookies, Khari Toast, Artisan Breads, Thick shakes, Savouries and beverages.


Company’s Outlets are as follows: (Last 3 years)


Company also has a 25000 sft centrally air-conditioned manufacturing facility in Ahmedabad which caters to the supply to all the outlets. Company also owns Refrigerated, temperature-controlled van with GPS tracking for timely deliveries.


Awards and Recognition:

• 81 stores in less than 6 years and expanding fast.
• Sales increasing at a CAGR of 60% on YoY basis and expected to continue in current and next year.
• Business model having high gross margin.
• Pioneer Manufacturer of Premium Designer Cakes in Ahmedabad


Management Team:

  1. Mr. Nikul Jagdishchandra Patel (Designation: Chairman and Managing Director)
  2. Mr. Ravi Hemantkumar Patel (Designation: Whole-time Director)
  3. Mrs. Foram Nikulbhai Patel (Designation: Non-Executive Director)


Financials of the Company:

(in Crores) FY 14 FY 15 FY 16 FY 17 FY 18
Revenue 2.95 5.98 11.53 19.96 36.57
Net Profit (-1.29) (-2.99) (-5.33) 0.35 1.02


IPO Details:

Details Info
Issue Opens on 20th August 2018
Issue Closes on:. 24th August 2018
Issue Price Rs.74
Face Value Rs.10
Minimum Lot 1600
Minimum Investment Rs.1,18,400
Issue Constitutes 26.42%
Issue Size Rs.20.06 cr
Market Cap Rs.75.96 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 27,12,000
Equity Shares Prior to the Issue 75,53,000
Equity Shares after the issue 1,02,65,000


Important Dates:

Finalization of Basis of Allotment on or Before 29th August 2018
Initiation of Refunds on or Before 30th August 2018
Credit of Equity Shares: on or Before 31st August 2018
Listing Date: on or Before 3rd September 2018


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
2.42 30.57 13.39% 15.3


Check IPO Allotment Status:

Bigshare Website (Click on the below Link)



Company Contact Info:
Dangee Dums Limited
4/A, Ketan Society, Nr. Sardar Patel Colony,
Naranpura, Ahmedabad – 380 014, Gujarat, India.
Tel No.: 079-27681878
Email Id: cs@dangeedums.com
Website: www.dangeedums.com


IPO Registrar Info:
Address – 1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400059.
Tel. No. – 022 – 6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/


Lead Manager to the Issue:
Address – Monarch House, Opp.,
Ishwar Bhuvan, Commerce Six Road, Navrangpura,
Ahmedabad – 380009.
Tel. No. – 079 – 6600 0754/ 2666 6754
Investor Grievance Email: mbd@mnclgroup.com
Website: https://www.mnclgroup.com