Dodla Dairy IPO Date, Review, Price, Form & Market Lot Details

Dodla Dairy IPO open in the market on 16 June 2021 and closes on 18 June 2021. Dodla Dairy to raise Rs.520.18 crore via initial public offer.

Dodla Dairy IPO open for subscription date is 16 June 2021. Dodla Dairy coming with fresh issue of Rs.50 crore and offer for sale of up to 10,085,444 equity shares Rs.470 Crores.

Company Promoters:

Dodla Sunil Reddy, Dodla Sesha Reddy, and Dodla Family trust are the company promoters.

Dodla Dairy IPO Date & Price Band, Market Lot, Allotment & Listing

 

IPO Open	16th June 2021
IPO Close	18th June 2021
IPO Size	Rs.520.18 Crores
Fresh Issue	Rs.50 Crores
Offer for Sale	Rs.470.18 Crores
Face Value	Rs.10 Per Equity Share
Price Band	Rs.421 to Rs.428 Per Share
Listing on	BSE & NSE
Retail Portion	35%
Employee Disc	Rs. - per share
Equity	10,085,444 Shares
Minimum Lot Size	Minimum - 35 Shares -  1 Lots
Minimum Amount	Rs. 14,980/-
Maximum Lot Size	Maximum – 455 Shares – 13 Lots
Maximum Amount	Rs.1,94,740/-
Basis of Allotment	23rd June 2021
Refunds	24th June 2021
Credit to Demat Account	25th June 2021
Listing Date	28th June 2021

Objectives of the IPO:

The net IPO proceeds will be used for the following purposes;

• To repay or prepay company's borowings fully or partially.
• To finance capital expenditure requirements.
• To meet general corporate purposes.

Dodla Dairy Company Financial Report

Rs. in Crores
	Revenue	Expense	PAT
2018	Rs.1597	Rs.1517	Rs.56.85
2019	Rs.1699	Rs.1606	Rs.62.76
2020	Rs.2146	Rs.2064	Rs.49.87
2021-6M	Rs.918	Rs.813	Rs.74.77

 About Dodla Dairy

Dodla Dairy Limited was incorporated on May 15, 1995, at Hyderabad. Dodla Dairy is an integrated dairy company based in South India, primarily deriving all of its revenue for Fiscal 2020 and for the 9 months period ended Dec 31, 2020, from the sale of milk and dairy-based Value Added Products in the branded consumer market.

The company sells fresh milk, ghee, butter, curd, paneer, gulab jamun, doodh peda, basundhi and junnu, which are targeted to be consumed at home. It sells UHT milk, flavoured milk, ice cream and beverages such as buttermilk under its brand, primarily for direct consumption.

In India, Dodla Dairy is the 3rd highest in terms of milk procurement per day with an average procurement of 1.03 million litres of raw milk per day (MLPD) as of Mar 31, 2021, and 2nd highest in terms of market presence among private dairy players, with a significant presence in the southern region of India.

Its operations in India are primarily across the 5 Indian states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra. Its overseas operations are based in Uganda and Kenya.

The company’s Indian operations are undertaken under the brands Dodla Dairy, Dodla and KC+. Its overseas operations are undertaken under the brands Dodla Dairy, Dairy Top and Dodla+.

The company has an average procurement of 1.03 MLPD from approximately 109,670 farmers through 6,771 village-level collection centres, 232 dairy farms, and third-party suppliers as of Mar 31, 2021.

The company’s processing operations consist of the processing of collected raw milk into packaged milk and manufacturing of other dairy-based products in 13 processing plants with an aggregate installed capacity of 1.70 MLPD.

Dodla Dairy IPO Registrar

KFin Technologies Private Limited
KFintech, Tower B , Plot No - 31 and 32,
Financial District , Nanakramguda ,
Serilingampally Hyderabad,
Telangana, India - 500 032
Tel : +91 40 6716 2222 
E - mail : dodladairy.ipo@kfintech.com
Website : www.kfintech.com

Company contact Informataion

Dodla Dairy Limited
8-2-293/82/A/270-Q, Road No. 10-C,
Jubilee Hills,
Hyderabad, 500 033
Tel: +91 40 4546 7777
E-mail: mail@dodladairy.com
Website: www.dodladairy.com

FAQs on Dodla Dairy IPO 

When Dodla Dairy IPO will open?
The Dodla Dairy IPO opens as on Jun 16, 2021 and closes as on Jun 18, 2021 for all types of Investors.

What is Dodla Dairy IPO Investors Quota?
The investors' Quota for QIB 50%, NII 15%, and Retail 35%.

What is Dodla Dairy IPO offer Price ?
Dodla Dairy IPO offer Price is Rs.421 to Rs.428.

What is Dodla Dairy IPO Minimum Lot Size?
The minimum share is 35 Shares along with Rs.14,980.

What is the lot size of Dodla Dairy IPO?
Dodla Dairy IPO lot size is 35 Shares.

What is Dodla Dairy IPO listing date?
The Dodla Dairy IPO listing date is 28th June, 2021.