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Dodla Dairy Limited IPO (Dodla Dairy IPO) Detail

Jun 16, 2021 - Jun 18, 2021

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 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 borowings fully or partially.
  • To finance capital expenditure requirements.
  • To meet general corporate purposes.

Dodla Dairy IPO Details

Dodla Dairy IPO Date Jun 16, 2021 to Jun 18, 2021
Dodla Dairy IPO Face Value ₹10 per share
Dodla Dairy IPO Price ₹421 to ₹428 per share
Dodla Dairy IPO Lot Size 35 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹520.18 Cr)
Fresh Issue[.] shares of ₹10
(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
Company Promoters

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

Dodla Dairy IPO Timeline (Tentative Timetable)

Dodla Dairy IPO opens on Jun 16, 2021, and closes on Jun 18, 2021. The Dodla Dairy IPO bid date is from Jun 16, 2021 10.00 A.M. to Jun 18, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Dodla Dairy IPO Opening Date Jun 16, 2021
Dodla Dairy IPO Closing Date Jun 18, 2021
Basis of Allotment Jun 23, 2021
Initiation of Refunds Jun 24, 2021
Credit of Shares to Demat Jun 25, 2021
Dodla Dairy IPO Listing Date Jun 28, 2021

Dodla Dairy IPO Lot Size

The Dodla Dairy IPO 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
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 Review

The market has witnessed mixed trends for the dairy industry listed scrip. Super earnings in the pandemic period of FY21 surprises one and all. Based on the FY20 earnings issue is priced at around 51 P/E making it a fully priced offer. The company’s plans to add milk products going forward makes it a long term bet. Investors may consider an investment with a long term perspective. Read detail review...

New Dodla Dairy IPO Recommendation by Members

Dodla Dairy IPO Recommendations Details | Post Recommendation | Manage Recommendations

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Dodla Dairy IPO Subscription Status (Bidding Detail)

The Dodla Dairy IPO is subscribed 45.62 times on Jun 18, 2021 5:00:00 PM. The public issue subscribed 11.34 times in the retail category, 84.88 times in the QIB category, and 73.26 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB84.88
NII73.26
Retail11.34
Total45.62

Dodla Dairy IPO Prospectus

Dodla Dairy IPO Rating

967
4.0
Rating:Rated 4.0 stars
Vote Here ...

Dodla Dairy IPO Listing Date

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 share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹428.00
₹528.00
₹528.00
₹633.60
₹609.10
NSE
₹428.00
₹550.00
₹550.00
₹652.00
₹609.90

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

KFin Technologies Limited

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

Dodla Dairy IPO FAQs

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 share. The minimum order quantity is 35 Shares.

The IPO opens on Jun 16, 2021, and closes on Jun 18, 2021.

KFin Technologies 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Dodla Dairy IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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 .

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.

The Dodla Dairy IPO listing date is on Monday, June 28, 2021.
Open an Instant Account with Zerodha

Dodla Dairy IPO Message Board

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502 Comments

265. Umang P Patel |   Link |Jun 29, 2021 9:51:20 AM
Aaj date hai 29-06-2021
IPO mai apply kiya tha but allotment nahi hua aur refund bhi nahi mila
Abhi abhi amount hold par hai
Kya karu ab ?
265.4. Umang P Patel |   Link |Jul 1, 2021 11:24:13 AM
Na hi shares allot huye hai
Na hi amout revoke hua hai
Amount abhi bhi hold par hai
265.5. Umang P Patel |   Link |Jul 6, 2021 10:45:21 AM
No allotment
No refund
264. baat suddh hindi me |   Link |Jun 30, 2021 6:44:30 PM
I have been alloted 1 lot of dodala dairy ipo. I have not sold it still. Should I hold or sell ?

Please help
263. 🔥 IPO CALLING 🔥 |   Link |Jun 30, 2021 2:54:10 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
It is next to mtar

Remember ipo Calling

Mal uthavooo
262. SHANI |   Link |Jun 30, 2021 2:03:08 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
AMUL MILK increase milk price 2Rs. per litter , with effect from tomorrow
261. SHANI |   Link |Jun 30, 2021 1:55:44 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
AMUL DAIRY has increase milk price 2Rs. PER LITTER
260. 🔥 IPO CALLING 🔥 |   Link |Jun 29, 2021 8:42:32 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
Sbi mf acquired 4% stake

Ab maja ayega

Tomorrow 💣💣💣💣💣💣
260.1. DownriteVJ |   Link |Jun 30, 2021 11:32:23 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
2% Down
259. Be positive |   Link |Jun 29, 2021 5:19:48 PM
I have allotted 1/1 lot and i have sold my 22 quantity @ 640 yesterday. Remaining 13 for long. Pls advice is it good for long-term
258. parmod gupta |   Link |Jun 29, 2021 1:01:13 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
मेरा सभी महानुभावो से अनुरोध है कि नकारात्मक टिप्पणी एक दूसरे के कमेंट पर ना करे क्योंकि ऐसा करने से एक एक करके बहुत सारे कीमती हीरे यहां से लगभग जा चुके है जिनमे Septa और Eagleye प्रमुख है Eagleye अगर यहां है भी तो सिर्फ नाममात्र के लिए
और मेरा सभी IPO GURU से अनुरोध है कि कृपया नकारात्मक लोगो पर ध्यान न दे और आपना अच्छा काम लोगो को पैसे बनाने में करते रहे क्योंकि ऐसे नकारात्मक सोच के लोग हर जगह मिलते है जो समाज और यहां इस फोरम को दूषित करने का काम कर रहे हैं
मेरा chittorgarh. com admin से भी विनम्र अनुरोध है कृपया करके ऐसे नकारात्मक लोगो की id ब्लॉक करे या फिर उनके घटिया पोस्ट को delete करे जिससे कि इस फोरम की गुणवत्ता बनी रहे वर्ना जैसे ही लोगो को कोई दूसरा फोरम जिस दिन मिल जाएगा सब experts लोग यहां से चले जायेंगे
257. Chem cho |   Link |Jun 29, 2021 12:23:49 PM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
Dodla Dairy made an high of Rs 627,3
and has slipped to 592.3 if it stays above rs 600 today it is good
but if it goes below 592 today then Rs 575 on cards in days to come
Even though the dairy is good and has good sales of liquid milk
Its profit depends on milk powder , cheese ghee , The surplus milk has to
be converted in to dairy products , there is huge competition from AMUL ,and other dairy
for milk products
due to surplus milk in market there is no demand for milk power ( ie to covert to milk again )
also due to covid19 ,liquid milk sales have dropped , ie pouch milk sale
in all Dairy so wait for the june 21 results
256. Maheshji |   Link |Jun 28, 2021 7:26:54 PM
Sold one lot at 575
I thought it will not cross 600 but i was wrong..
Patience is worthy in stock market..
256.1. IPO Mitr |   Link |Jun 28, 2021 9:35:55 PM
Return from stock market investing depends on individuals ability to manage his/her own greed and fear.

Higher greed --More risk more return
Higher fear - Lower risk low return

Every individual falls somewhere between extreme risk and extreme fear depending on his/her own psychology, risk profile, liquidity position and stock market abilities.

So neither selling at 575 was wrong nor "not selling" even at 652 was wrong. One thing is sure stock market humbles even extremely capable investors whenever they become too exuberant and careless, hence take only that much of risk which you can safely bear without impacting your day to day life and peace of mind. Just my 2 cents.
256.2. Maheshji |   Link |Jun 29, 2021 7:20:57 AM
@IPO Mitr you are right..
255. IPO ANALYSTS ???? |   Link |Jun 28, 2021 12:23:56 PM
Upstox Zerodha broker not allowing to take intraday sell position in dodla KIMS on listing day.
Can anyone please check and give brokers name who provides to take short position on listing day.
255.1. Small Investor |   Link |Jun 28, 2021 12:32:14 PM
IPO Guru IPO Guru (1600+ Posts, 800+ Likes)
Order Press in Margin intra day not possible now from 1st Jun
255.2. N Baba |   Link |Jun 29, 2021 1:11:54 AM
Sharekhan allows shortsell on listing day also
254. Godhaji |   Link |Jun 28, 2021 10:22:46 PM
Out of box question
What about Sonacoms
Having 30 shares @357 average
253. 🔥 IPO CALLING 🔥 |   Link |Jun 27, 2021 10:53:12 AM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
100 109
253.5. Chalak lomdi |   Link |Jun 27, 2021 11:25:36 PM
@IPO calling...

Lala juth bolo to esa ke duniya manne ko tayar ho jaye...
Varna khud ki kimmat kum ho jati he..
253.6. ManishDwiv |   Link |Jun 28, 2021 8:54:43 PM
Great call..
252. MKS IND IPO |   Link |Jun 28, 2021 9:59:30 AM
I have alloted 1 lot of Dodla. 35 Shares are credited to my Zerodha a/c. But I am not finding sell option there. I am new to Zerodha.
Please advice how can I sell these shares on Zerodha.
252.1. VMARU |   Link |Jun 28, 2021 3:46:25 PM
In Zerodha app, go to your portfolio, click in the stock name and press exit. Give the limit order sell price and quantity and swipe right.
252.2. MKS IND IPO |   Link |Jun 28, 2021 5:00:07 PM
Thanks VMARU Sir.
Sold @ Rs.621/-
251. Regulagedda Ambica Prasad |   Link |Jun 28, 2021 4:59:27 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
It has performed much better than KIMs on listing day.
250. My IPO application |   Link |Jun 28, 2021 3:48:26 PM
I sold out 1 allotted lot @ 650.20...
249. Monster Zero |   Link |Jun 28, 2021 3:10:21 PM
IPO Guru IPO Guru (1300+ Posts, 600+ Likes)
Limit order executed @630... Feeling good.
248. Traderforever |   Link |Jun 28, 2021 1:12:25 PM
Congratulations to the allottees.
Myself sold 1 lot at 560.
Enjoy the profits as whenever this rally stops, all will be left with overpriced manure stocks.
247. gNaman |   Link |Jun 28, 2021 12:41:03 PM
Dodla ko hold krna chaiye ya current price pe exit kr dena chaiye kyuki Ab strength jri h dheere dheere
246. 🔥 IPO CALLING 🔥 |   Link |Jun 28, 2021 9:54:51 AM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
We give perfect pridiction.

See all previous messages
246.1. Chalak lomdi |   Link |Jun 28, 2021 11:52:17 AM
Hum to aapko bech rahe the aap nahi kharida 🙂🤕