ICL Organic Dairy Products Ltd

About the Company:

ICL Organic Dairy Products Ltd is currently is focusing on Milk procurement and direct distribution. Production of Dairy products is contemplated in its group companies as per its future plans.

Milk procured from villages are directly distributed to Sweet Shops, Retailers, different establishments and households.

company is engaged in dairy farming with the main object to produce and extract milk from cow and distributing the same raw milk extracted from the cow and supplying it to Sweet Shops, Retailers, different establishments and households.

company is mainly active in District of Bareilly and adjoining district of Badaun, a huge milk producer area as well as Pilibhit which is just 30 to 40 kms away from operational area and covered approximately 30 villages at present.


Management Team:

  1. Mr. Roop Kishore Gola (Designation: Executive Director)
  2. Mr. Avadhesh Kumar Gola (Designation: Executive Director)


Objectives of the Issue:

  • To meet the working capital requirements of the company.
  • To meet the Issue Expenses.
  • General Corporate Purposes.


Financials of the Company:

(in Crores) FY 17 FY 18 FY 19 30th July 19
Revenue 2.5 12.07 15.72 22.31
Net Profit 0.05 0.35 0.27 0.048


IPO Details:

Details Info
Issue Opens on 31st January 2020
Issue Closes on:. 4th February 2020
Issue Price Rs.20
Face Value Rs.10
Minimum Lot 6000
Minimum Investment Rs.1,20,000
Issue Constitutes 33.99%
Issue Size Rs.4.08 cr
Market Cap Rs.12 cr
Listing at BSE SME
Equity Shares Offered (Fesh) 20,40,000
Equity Shares Prior to the Issue 39,61,696
Equity Shares after the Issue 60,01,696

Also Read: Tasty Dairy Specialities Ltd


Important Dates:

Finalization of Basis of Allotment on or Before 7th February 2020
Initiation of Refunds on or Before 10th February 2020
Credit of Equity Shares: on or Before 11th February 2020
Listing Date: on or Before 12th February 2020


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
4.15 4.82 9.36% 26.26



Company Contact Info:
ICL Organic Dairy Products Limited
A-105, 3rd Floor, Sector-63, Gautam Buddha Nagar,
Noida, Uttar Pradesh – 201301, India
Ph.: 0120-4319744
Email: cs@icldairy.com
Website: www.icldairy.com


IPO Registrar Info:
“Subramanian Building”, #1, Club House Road,
Chennai – 600 002, India
Telephone: +91-44-40020700, 28460390
Facsimile: +91-44-28460129
Email: investor@cameoindia.com
Website: www.cameoindia.com


Lead Manager to the Issue:
Anandlok”, Block-A, 2nd Floor,
Room No. 207, 227 A.J.C Bose Road,
Kolkata-700020, West Bengal
Telephone: +91 – 33 – 22895101
Email: ramakrishna@finshoregroup.com
Website: www.finshoregroup.com