Dodla Dairy Limited IPO (Dodla Dairy IPO) Detail

 

Incorporated in 1995, Dodla Dairy Limited is an integrated dairy company in South India that is engaged in the procurement, processing, distribution, and marketing of milk and other dairy products. It processes and sells milk including standardized, toned, and double toned milk, and produces dairy products like curd, butter, ghee, ice cream, flavoured milk, etc.

Its Indian operations are mainly undertaken under the brand name of "Dodla", "Dodla Dairy", and "KC+" whereas it serves overseas market under the brand name of "Dodla Dairy", "Dairy Top", and "Dodla+". Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, and Maharashtra are the key Indian market segments served by the company while in the overseas market, it mainly serves countries like Uganda and Kenya.

It has a total of 13 processing plants to process raw material into packaged milk and manufacture dairy-based value-added products. The firm has a strong distribution network of 40 sales offices, 3336 distribution agents, 863 milk distributors, and 449 product distributors across 11 states in India.

Competitive strengths

  • Large product portfolio.
  • Leading dairy player in the Southern region of India.
  • Strong distribution network.
  • Integrated business model with stringent quality control procedure.
  • Experienced board and managerial team.

Company Promoters:

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

Company Financials:

Summary of financial Information (Restated Consolidated)

Particulars

For the year/period ended (₹ in millions)

31-Dec-20

31-Mar-20

31-Mar-19

31-Mar-18

Total Assets

8,637.87

8,003.08

7,519.21

6,089.64

Total Revenue

14,170.35

21,456.49

16,994.59

15,970.13

Profit After Tax

1,163.85

498.71

627.62

568.54

Objects of the Issue:

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

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

Dodla Dairy IPO Details

IPO Opening Date

Jun 16, 2021

IPO Closing Date

Jun 18, 2021

Issue Type

Book Built Issue IPO

Face Value

₹10 per equity share

IPO Price

₹421 to ₹428 per equity share

Market Lot

35 Shares

Min Order Quantity

35 Shares

Listing At

BSE, NSE

Issue Size

[.] Eq Shares of ₹10
(aggregating up to ₹520.18 Cr)

Fresh Issue

[.] Eq Shares of ₹10
(aggregating up to ₹50.00 Cr)

Offer for Sale

10,985,444 Eq Shares of ₹10
(aggregating up to ₹470.18 Cr)

Dodla Dairy IPO Tentative Timetable

The Dodla Dairy IPO open date is Jun 16, 2021, and the close date is Jun 18, 2021. The issue may list on Jun 28, 2021.

IPO Open Date

Jun 16, 2021

IPO Close Date

Jun 18, 2021

Basis of Allotment Date

Jun 23, 2021

Initiation of Refunds

Jun 24, 2021

Credit of Shares to Demat Account

Jun 25, 2021

IPO Listing Date

Jun 28, 2021

Dodla Dairy IPO Lot Size

The Dodla Dairy IPO market lot size is 35 shares. A retail-individual investor can apply for up to 13 lots (455 shares or ₹194,740).

Application

Lots

Shares

Amount (Cut-off)

Minimum

1

35

₹14,980

Maximum

13

455

₹194,740

Dodla Dairy IPO Promoter Holding

Pre Issue Share Holding

68.52%

Post Issue Share Holding

64.17%

Dodla Dairy IPO Subscription Status (Bidding Detail)

The Dodla Dairy IPO is subscribed 2.53x times on Jun 17, 2021 14:45. The public issue subscribed 4.74x in the retail category, 0.24x in the QIB category, and 0.45x in the NII category. Check Day by Day Subscription Details (Live Status)

Category

IPO Subscription

QIB 

0.24x

NII 

0.45x

RII 

4.74x

Total 

2.53x

 

Dodla Dairy IPO Prospectus

 

Dodla Dairy IPO Reviews / Ratings

Company Contact Information

Dodla Dairy Limited
8-2-293/82/A/270-Q, Road No. 10-C,
Jubilee Hills, Hyderabad, 500 033


Phone: +91 40 4546 7777
Email: mail@dodladairy.com
Website: http://www.dodladairy.com/

Dodla Dairy IPO Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: dodladairy.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Dodla Dairy IPO Lead Manager(s)

1.   Axis Capital Limited

2.   ICICI Securities Limited

Lead Manager Reports