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:
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:
- Mr. Nikul Jagdishchandra Patel (Designation: Chairman and Managing Director)
- Mr. Ravi Hemantkumar Patel (Designation: Whole-time Director)
- 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)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| 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: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED, 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: |
|---|
| MONARCH NETWORTH CAPITAL LIMITED, 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 |
