Dodla Dairy Limited IPO: All you need to know
Dodla Dairy Limited, a dairy company in South India, will hit the market on Wednesday, June 16, 2021, to raise Rs 520.18 crores through an Initial Public Offering (IPO) of its units. The company has set the IPO date as well as the price range at which the shares will be offered for sale. Let’s take a peek at the particulars of the Dodla Dairy Limited IPO.
Dodla Dairy Limited IPO Date & Price Band
| IPO Open: | 16 June 2021 |
| IPO Close: | 18 June 2021 |
| Issue Type: | Book Built Issue IPO |
| Issue Size: | Approx ₹520.18 Crores |
| Fresh Size: | Approx ₹50 Crores |
| Offer for Sale: | Approx ₹470.18 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹421 – ₹428 Per Equity Share |
| Listing on: | BSE, NSE |
Dodla Dairy Limited IPO Market Lot
| Minimum Lot Size: | Minimum 35 Shares |
| Minimum Amount: | ₹14,980 |
| Minimum Lot Size: | Maximum 455 Shares |
| Minimum Amount: | ₹1,94,740 |
Dodla Dairy Limited IPO Allotment & Listing
| Basis of Allotment: | 23 June 2021 |
| Refunds: | 24 June 2021 |
| Credit to Demat Account: | 25 June 2021 |
| Listing Date: | 28 June 2021 |
Financials of Dodla Dairy Limited IPO
| Particulars | 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets (in ₹ millions) | 8,637.87 | 8,003.08 | 7,519.21 | 6,089.64 |
| Total Revenue (in ₹ millions) | 14,170.35 | 21,456.49 | 16,994.59 | 15,970.13 |
| Profit After Tax (in ₹ millions) | 1,163.85 | 498.71 | 627.62 | 568.54 |
About Dodla Dairy Limited
Dodla Dairy Limited, founded in 1995, is a South Indian integrated dairy firm that specialises in the sourcing, processing, distribution, and marketing of milk and other dairy products. It processes and sells milk, including standardised, toned, and double toned milk, as well as curd, butter, ghee, ice cream, and flavoured milk, among other dairy products.
It primarily operates in India under the brand names “Dodla,” “Dodla Dairy,” and “KC+,” while serving the international market under the brand names “Dodla Dairy,” “Dairy Top,” and “Dodla+.” The company primarily serves the Indian market segments of Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, and Maharashtra, as well as the international market segments of Uganda and Kenya.
It operates 13 processing plants that convert raw milk into packaged milk and produce dairy-based value-added goods. The company has a strong distribution network that spans 11 Indian states and includes 40 sales offices, 3336 distribution agents, 863 milk distributors, and 449 product distributors.
Objective of the Issue:
The company plans to use the funds from the IPO for the following purposes:
- To totally or partially refund or prepay the company’s borowings.
- To meet the needs for capital expenditures.
- To fulfil general corporate objectives.