The Dodla Dairy IPO date has been confirmed from June 16, 2021 and ended on June 18, 2021. Read the post to learn about Dodla Dairy IPO GMP.
Dodla Dairy IPO is a fixed price issue of Rs 520.18 crores. The price band is set at ₹421 to ₹428 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹14,980.
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Key Details Of Dodla Dairy IPO
Bidding Dates
June 16-18
Price Range
₹421 to ₹428 per share
Face Value
₹10 per share
GMP
₹884.55
Dodla Dairy IPO GMP
The Dodla Dairy IPO GMP Today is ₹884.55.
Dodla Dairy IPO Overview
The proposed Dodla Dairy IPO is worth rupees 520.18 crore and it will be a book-built issue. The issue will consist of Rs 50.00 crores in the form of a fresh issuance, and multiple offer for sale by the selling shareholders with an aggregate value of Rs 470.18 crores On June 16, 2021 till June 18, 2021 their IPO bidding has begin and ended for Dodla Dairy. On June 23, 2021, i.e., Wednesday, the final zeroing in process for the IPO stood was completed. Primary shares traded on BSE and NSE from June 28, 2021. This offering has the mentioned initial public offering price range in the range of ₹421 to ₹428 per equity share. When applying, one bid must be a minimum of 35 shares. The minimum investment for retail investors is rupees fourteen thousand and nine hundred only (₹14,980).
Competitive strengths
- Large product portfolio.
- Leading dairy player in the Southern region of India.
- Strong distribution network.
- The integrated business model with stringent quality control procedure.
- Experienced board and managerial team.
Dodla Dairy IPO Details
| IPO Date | June 16, 2021 to June 18, 2021 |
| Listing Date | June 28, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹421 to ₹428 per share |
| Lot Size | 35 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹520.18 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹50.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹470.18 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Dodla Dairy Company Financials
| 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 | |
Dodla Dairy IPO Timeline
| IPO Open Date | Wednesday, June 16, 2021 |
| IPO Close Date | Friday, June 18, 2021 |
| Basis of Allotment | Wednesday, June 23, 2021 |
| Initiation of Refunds | Thursday, June 24, 2021 |
| Credit of Shares to Demat | Friday, June 25, 2021 |
| Listing Date | Monday, June 28, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 18, 2021 |
Company Profile
Dodla Dairy Limited, founded in 1995, is a fully integrated dairy firm in South India that buys, processes, distributes, and markets milk and other dairy products. It processes and sells milk in many forms, including standardised, toned, and double-toned milk and dairy products such as curd, butter, ghee, ice cream, and flavoured milk. Its Indian activities are mostly carried out under the brand names “Dodla”, “Dodla Dairy”, and “KC+”, while it serves the international market under the brand names “Dodla Dairy”, “Dairy Top”, and “Dodla+”. The company’s core Indian
market sectors are Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, and Maharashtra, while its foreign markets include Uganda and Kenya. It includes 13 processing factories that convert raw materials into packaged milk and produce dairy-based value-added goods. The company has a robust distribution network including 40 sales offices, 3336 distribution agents, 863 milk distributors, and 449 product distributors spread over 11 Indian states.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Dodla Dairy Limited |
| Phone number | +91 40 4546 7777 |
| Email ID | [email protected] |
| Website | dodladairy.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Dodla Dairy IPO FAQs
When Dodla Dairy IPO will open?
The Dodla Dairy IPO opens on June 16, 2021 and closes on June 18, 2021.
What is the lot size of Dodla Dairy IPO?
Dodla Dairy IPO lot size is 35 Shares, and the minimum amount required is ₹14,980.
When is Dodla Dairy IPO allotment?
The finalization of Basis of Allotment for Dodla Dairy IPO will be done on Wednesday, June 23, 2021, and the allotted shares will be credited to your demat account by Friday, June 25, 2021.
When is Dodla Dairy IPO listing date?
The Dodla Dairy IPO listing date is on June 28, 2021.
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