The Dodla Dairy date has been confirmed from June 16, 2021 and ended on June 18, 2021.
Dodla Dairy Developers 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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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 is ₹884.55.
IPO Overview
The Dodla Dairy IPO is a book-built issuance worth Rs 520.18 crore. The issue consists of a fresh issuance of Rs 50.00 crores and an offer for sale of Rs 470.18 crores. Dodla Dairy’s IPO bidding began on June 16, 2021 and ended on June 18, 2021. The allotment for the Dodla Dairy IPO was finalised on Wednesday, June 23, 2021. The shares were listed on the BSE and NSE on June 28, 2021. The Dodla Dairy IPO price range is established at ₹421 to ₹428 per share. The minimum lot size for an application is 35 shares. The minimum investment for retail investors is ₹14,980.
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.
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, as well as 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 that includes 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 | dodladairy.ipo@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Dodla Dairy Limited |
| Phone number | +91 40 4546 7777 |
| Email ID | info@kaushalya.co.in |
| Website | dodladairy.com |
IPO Strenghts
- 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.
