IPO Details
Issue Date
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Investment/lot
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Price Range
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Lot Size
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IPO Size
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Schedule of Taiyo Feed Mill Ltd
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About Taiyo Feed Mill Ltd IPO
The IPO of Taiyo Feed Mill Ltd comprises only a fresh issue with no offer for sale. The fresh issue is up to 65,00,000 equity shares. There is no offer for sale in this 100% book-built issue.
Objectives of Taiyo Feed Mill Ltd IPO
- Capital expenditure
- Brand positioning, marketing and advertising expenses
- Funding working capital requirements
- General corporate purposes
- Issue expenses
Taiyo Feed Mill Ltd IPO Valuation
Taiyo Feed Mill Ltd IPO Share Offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the issue |
Non-institutional Investors | Not less than 15% of the issue |
Retail Individual Investors | Not less than 35% of the issue |
Industry Outlook
The global pet food market size was valued at USD 126.66 billion in 2024. The market is projected to grow from USD 132.92 billion in 2025 to USD 193.65 billion by 2032, exhibiting a CAGR of 5.52% during the forecast period.
The India pet food market is anticipated to increase from USD 872.16 million in 2023 to USD 2,133.48 million by 2032, with a compound annual growth rate (CAGR) of 10.45%. Rise in pet ownership, humanisation of pets and growing awareness of pet health are the growth drivers for the pet food industry.
Company Information
Taiyo Feed Mill Ltd is presently engaged in manufacturing high-quality pet food products for a wide variety of pets. The company caters to the nutritional needs of dogs, cats, fish, turtles, small birds, and other pets, ensuring their health and well-being. It manufactures dry pet food, specialty diets, treats, supplements and Functional Foods. Its diverse product range is designed to provide balanced nutrition, supporting the growth and vitality of pets of all kinds.
Taiyo Feed Mill Ltd Strengths
The strengths of Taiyo Feed Mill Ltd are:
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Customisation expertise
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Sustainable business model
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Marquee clientele
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Diverse Product line
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Strong Brand Reputation
Risks of Taiyo Feed Mill Ltd IPO
- Dependent on Third-party Transportation Providers
Taiyo Feed Mill relies on third-party transportation providers to deliver its raw materials and products. Transportation strikes could disrupt its supply of raw materials and its ability to deliver products to customers.
Additionally, transportation costs in India have been rising steadily over the years. Continued increases in these costs or the unavailability of transportation services could negatively impact its business, financial condition, and operations.
- Reliance on Few Customers for Revenues
Substantial portion of its revenues has been dependent upon few customers, with which it doesn’t have any firm commitments. The loss of any one or more of its major customers would have a material adverse effect on its business, cash flows, results of operations and financial condition.
The company, their promoters and directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on their business, results of operations and financial condition.
All Financial Information about Taiyo Feed Mill
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Peer Comparison
As the company operating in the pet food manufacturing industry, there are no publicly traded companies (listed on stock exchanges) that operate in the same way or specialise in a similar niche as Taiyo Feed Mill Limited. As a result, it is not possible to identify comparable companies whose key performance indicators (KPIs) could be used as a benchmark for analysis or comparison.
Anchor Investor Bidding Date TBA
IPO Registrar and Book Running Lead Manager
- Registrar: Purva Sharegistry (India) Pvt Ltd
- Book Running Lead Manager: Share India Capital Services Pvt Ltd
Business Model
Engaged in manufacturing of high-quality pet food products, the portfolio of Taiyo Feed Mill Ltd spans several key verticals in the pet food industry, including:
- Dry Pet Food
- Specialty Diets
- Treats
- Supplements and Functional Foods
The company is dedicated to creating nutritious, delicious, and safe food that supports the well-being of pets at every life stage.
Company Growth Trajectory
Revenue from operations of Taiyo Feed Mill Ltd grew from ₹43.5410 crores in FY 22 to ₹53.5367 crores in FY 24. EBITDA margin grew from 11.10% in FY 22 to 14.81% in FY 24. Diverse product line, global reach, strong brand reputation and quality and innovation have helped the company to grow over the years.
Market Position
Commencing operations in 2002, Taiyo Feed Mill Ltd is supplying its products to over 25 countries including Sri Lanka, Mauritius, Oman, Dubai, Vietnam, Bangladesh, South Korea etc. The company’s manufacturing facility complies with ISO 9001: 2015 [Quality Management System], ISO 22000: 2018[Food Safety Management System ensuring superior quality.
Taiyo Feed Mill Ltd Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 54.4400 | 47.8100 | 43.6947 |
Profit/(Loss) Before Tax (in ₹ crores) | 6.9550 | 3.4503 | 3.4948 |
Profit After Tax (in ₹ crores) | 5.1745 | 2.5168 | 2.6018 |
EPS in ₹ | 3.04 | 1.48 | 1.53 |
Taiyo Feed Mill Ltd Balance Sheet
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit / Loss Before Tax (in ₹ crores) | 6.9550 | 3.4503 | 3.4948 |
Net Cash Generated/ (Used) from Operating Activities (in ₹ crores) | (6.7466) | 2.0941 | 1.5845 |
Net Cash Generated/ (Used) from Investing Activities (in ₹ crores) | 2.2354 | (4.2432) | (1.4297) |
Net Cash Generated/ (Used) from Financing Activities (in ₹ crores) | 3.3677 | (1.4650) | (1.8681) |
Cash and Cash Equivalents at the End of the Year/Period (in ₹ crores) | 0.0508 | 1.1943 | 4.8083 |
How to Check Allotment Status of Taiyo Feed Mill Ltd?
Visit the Registrar’s Website
- Visit the official website of Purva Sharegistry Pvt Ltd
- Click on ‘IPO Allotment Query’ from ‘Investor Service’
- Choose the Company Name and enter your Application No or PAN no
- Click on ‘Search’ to know the status
Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Choose the Issue Type
- Select the Issue Name from dropdown
- Put in either your application number or PAN number
- Check the box ‘I’m not a robot’
- Click on ‘Search’ to know allotment status
How to Apply for Taiyo Feed Mill Ltd IPO?
- Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Taiyo Feed Mill Ltd IPO FAQs
What is Taiyo Feed Mill Ltd IPO?
The IPO of Taiyo Feed Mill Ltd consists of a fresh issue of up to 65,00,000 equity shares.
When will the IPO of Taiyo Feed Mill Ltd go live?
The exact dates of the IPO of Taiyo Feed Mill Ltd are yet to be announced.
From where can I read more about the IPO of Taiyo Feed Mill Ltd IPO?
You can read more about the IPO of Taiyo Feed Mill Ltd from the company’s draft red herring prospectus here.
