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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
Dodla Sunil Reddy, Dodla Sesha Reddy, and Dodla Family trust are the company promoters.
| 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 | |
The net IPO proceeds will be used for the following purposes;
| 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 | [.] Eq Shares of ₹10 (aggregating up to ₹470.18 Cr) |
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 |
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 |
| Pre Issue Share Holding | 68.52% |
| Post Issue Share Holding | 64.17% |
The Dodla Dairy IPO is subscribed 45.62 times on Jun 18, 2021 17:00. The public issue subscribed 11.34 in the retail category, 84.88 in the QIB category, and 73.26 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 84.88 |
| NII | 73.26 |
| RII | 11.34 |
| Total | 45.62 |
| Listing Date | Monday, June 28, 2021 |
| BSE Script Code | 543306 |
| NSE Symbol | DODLA |
| Listing In | B Group of Securities |
| ISIN | INE021O01019 |
| IPO Price | ₹428 per equity share |
| Face Value | ₹10 per equity share |
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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/
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: dodladairy.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Dodla Dairy IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹520.18 Crores. The issue is priced at ₹421 to ₹428 per equity share. The minimum order quantity is 35 Shares.
The IPO opens on Jun 16, 2021, and closes on Jun 18, 2021.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Dodla Dairy IPO using UPI as a payment gateway. Zerodha customers can apply in Dodla Dairy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dodla Dairy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dodla Dairy IPO opens on Jun 16, 2021 and closes on Jun 18, 2021.
Dodla Dairy IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.
You can apply in Dodla Dairy IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Dodla Dairy IPO will be done on Jun 23, 2021, and the allotted shares will be credited to your demat account by Jun 25, 2021. Check the Dodla Dairy IPO allotment status.
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