New Delhi | 5th February 2020: Noida based ICL Organic Dairy Product, a renowned manufacturer of dairy products’ IPO has got extension for 3 more days for its IPO. The extended IPO opens today will close on February 8th.

The IPO, which looks to raise Rs 4.08 cr., received bids for 46,08,000 Shares against the total issue size of 20,40,000 shares as per the BSE data. These scrips will be issued at Rs. 20 per share. Following the IPO, the firm is listed on the SME platform of BSE Limited and is among the first Start-ups in FMCG Sector to be listed on the platform. 

The company get oversubscribed by 2.25 times on the 3rd day of budding.

Finshore Management Services is the Lead Manager for this issue. 

ICL Organic Dairy Products Ltd.

Founded in 2013, ICL Organic Dairy Products Pvt Ltd is a renowned manufacturer of dairy products. The company operates in 4 states where procurement, processing and packaging of milk and milk products are carried out. ICL has 11 processing plants and 65 milk chilling centers and the products are available in 9 states.