Dodla Dairy IPO Date,GMP, Review, Price, Form & Market Lot Details

Dodla Dairy IPO is going to open on 16 June 2021 and closes on 18 June 2021. Dodla Dairy to raise around ₹800 crore via initial public offer (IPO). The public issue comprises a fresh issue of equity shares worth up to Rs 50 crore and an offer for sale (OFS) of up to 1 crore equity shares by promoters and an investor. The OFS consists of 83 lakh equity shares by TPG Dodla Dairy Holdings Pte Ltd and up to 4.16 lakh equity shares by Dodla Sunil Reddy and up to 10.41 lakh equity shares by Dodla Family Trust and up to 3.27 equity shares by Dodla Deepa Reddy.

Dodla Dairy firm is a leading private dairy firm with a prominent presence in south India. The firm is present in five Indian states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and Maharastra. Dodla Dairy is the third-largest procurer of raw milk, with an average daily procurement of 1.02 million litres.

The company sells retail milk and dairy-based value-added products. Per a CRISIL report, Dodla Dairy was the second largest in terms of market presence across India among private dairy firms in December 2020.

    Dodla Dairy IPO Detail

    Dodla Dairy IPO Date & Price Band:

    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 Share
    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 10,985,444 Eq Shares of ₹10
    (aggregating up to ₹470.18 Cr)

    Dodla Dairy IPO Tentative Timetable

    The Dodla Dairy IPO open date is   2021 , and the close date is   2021. The issue may list on . 

    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

    Dodla Dairy IPO Market Lot:

    Minimum Lot Size: Minimum 35 Shares
    Minimum Amount: ₹14,980
    Maximum Lot Size: Maximum 455  Shares
    Maximum Amount: ₹194,740

    Dodla Dairy Company Financial:

    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

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    Dodla Dairy IPO Form:

    How to apply the Dodla Dairy IPO? You can apply Dodla Dairy IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Dodla Dairy IPO in the Invest section. The other option you can apply Sona Comstar IPO via IPO forms download via NSE and BSE. Check out the Dodla Dairy IPO forms - click NSE Forms & BSE Forms blank  IPO forms download, fill and submit in your bank or with your broker.

    About Dodla Dairy

    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

    • The company has a strong market presence across the south-Indian states and an overseas presence in Kenya and Uganda
    • Third largest procurer of raw milk with average daily consumption of 1.02 million litres
    • The diversified product portfolio of retail milk (full-cream, standardise, toned, and double-toned) and dairy-based value-added products like curd, ultra-high temperature processed milk, ice-cream, butter, ghee, and flavoured milk
    • An integrated business model with well-defined procurement, processing, and distribution channels

    Dodla Dairy IPO Prospectus

    • Dodla Dairy DRHP
    • Dodla Dairy RHP

    Dodla Dairy Company Promoters:

    • Dodla Sunil Reddy
    • Dodla Sesha Reddy
    • Dodla Family Trust

    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

    Dodla Dairy IPO Lead Managers: 

    • Axis Capital Limited
    • ICICI Securities Limited

    Dodla Dairy Company Address: 

    Dodla Dairy Limited
    8-2-293/82/A/270-Q, Road No. 10-C,
    Jubilee Hills,
    Hyderabad, 500 033
    Tel: +91 40 4546 7777
    Fax: +91 40 4546 7788
    Contact Person: Ruchita Malpani
    Company Secretary and Compliance Officer

    Dodla Dairy IPO FAQs:

    1. What is Dodla Dairy IPO?
    Dodla Dairy IPO is a main-board IPO. They are going to raise ₹800 Crores via IPO. The issue is priced at ₹ to ₹ per equity share. The IPO to be listed on BSE & NSE.

    2. When Dodla Dairy IPO will open for QIB, NII, and Retail?
    The IPO to open on  16 June 2021 for QIB, NII, and Retail Investors.

    3. What is Dodla Dairy IPO Investors Portion?
    The investors' portion for QIB-50%, NII-15%, and Retail-35%.

    4. How to Apply the Dodla Dairy IPO?
    You can apply Dodla Dairy IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    5. What is Dodla Dairy IPO Allotment Date?
    Dodla Dairy IPO allotment date is 24 June 2021. You can check IPO allotment here.

    6. What is Dodla Dairy IPO Listing Date?
    Dodla Dairy IPO listing date is  28 June 2021. The IPO to list on NSE and BSE.