Ongoing SME IPO_Dangee Dums Limited IPO


Dangee Dums Limited IPO

Issue Analysis :

Issue opens Aug 20, 2018
Issue Closes Aug 24, 2018
Issue Price Rs 74
Lot Size 1600
Issue Size 20.07 Cr
Platform NSE

Company’s Snapshot :

Incorporated in 2010, Ahmedabad based Dangee Dums Limited is a company engaged in the business of cakes, chocolates, and desserts.

The company manufactures the following products:

  1. Cakes and Pastries
  2. Designer Cake
  3. Chocolates
  4. Cupcakes and Ice creams
  5. Other Bakery Products

Dangee Dums has recently introduced ice cream which is receiving a very good response from the customers. The

other products are Artisan Breads, Candies, Cookies, Khari Toast, Thick shakes, Softies, Savouries, and beverages.

The company has a 25000 square feet manufacturing facility in Ahmedabad. It has 87 outlets across Gujarat with 46 outlets in Ahmedabad, 23 in Surat, 12 in Vadadora, 3 each in Gandhinagar and Surat.

Dangee Dums was awarded as the “best dessert place in Ahmedabad” in Times Food Award on February 12, 2012.

The company has 254 permanent employees on its payroll.

Strengths of the Company-

  1. Widespread footprint across Gujarat with 81 stores
  2. Sales growth of 60% CAGR on a YoY basis
  3. Established brand in Gujarat

Object of the Issue:

The objects of the issue are-

  1. Repayment of Existing Secured Loans
  2. Purchase of Fixed Assets
  3. General Corporate Expense
  4. Issue Expenses

Financial Highlights :

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 4,367.23 2,716.77 1,552.91 845.43 309.28
Total Revenue 3,657.86 1,996.12 1,153.12 598.39 295.34
Profit After Tax 154.77 90.52 (513.16) (288.03) (127.59)


Summary of financial Information (Restated Consolidated)  
Particulars For the year/period ended (in Rs. Lakhs)  
Total Assets 2,716.49  
Total Revenue 1996.12  
Profit After Tax 90.50  


Company Promoters:

The promoters of the company are Mr. Nikul Jagdishchandra Patel, Mrs. Foram Nikul Patel, and Mr. Ravi Hemantkumar Patel. They together hold 70,35,500 Equity Shares constituting 93.18 % of the issued and paid-up Equity Share capital of the Company.


Contact Company Information:

Dangee Dums Limited


4/A, Ketan Society,

Nr. Sardar Patel Colony, Naranpura,

Ahmedabad – 380 014, Gujarat, India

Phone: 079-27681878



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