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 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)
30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 8,183.23 8,003.08 7,519.21 6,089.64
Total Revenue 9,182.22 21,456.49 16,994.59 15,970.13
Profit After Tax 747.78 498.71 627.62 568.54

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

IPO Opening DateJun 16, 2021
IPO Closing DateJun 18, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹421 to ₹428 per equity share
Market Lot35 Shares
Min Order Quantity35 Shares
Listing AtBSE, 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 Sale10,985,444 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 DateJun 16, 2021
IPO Close DateJun 18, 2021
Basis of Allotment DateJun 23, 2021
Initiation of RefundsJun 24, 2021
Credit of Shares to Demat AccountJun 25, 2021
IPO Listing DateJun 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum135₹14,980
Maximum13455₹194,740

Dodla Dairy IPO Promoter Holding

Pre Issue Share Holding68.52%
Post Issue Share Holding64.17%

Dodla Dairy IPO Prospectus

Dodla Dairy IPO Rating

230
3.8
Rating:Rated 3.8 stars

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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 FAQs

  1. What is Dodla Dairy IPO?

    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.

  2. How to apply in Dodla Dairy IPO through Zerodha?

    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.

  3. When Dodla Dairy IPO will open?

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

  4. What is the lot size of Dodla Dairy IPO?

    Dodla Dairy IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.

  5. How to apply for Dodla Dairy IPO?

    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.

  6. When Dodla Dairy IPO allotment?

    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.

  7. When is Dodla Dairy IPO listing date?

    The Dodla Dairy IPO listing date is not yet announced. The tentative date of Dodla Dairy IPO listing is Jun 28, 2021.

Dodla Dairy IPO Message Board

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