Dodla Dairy IPO

Dodla Dairy IPO-Price band and details

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Dodla Dairy IPO will open for subscription from 16 June 2021. the company aims for an issue size of  ₹520.18 Crore through this IPO.

Also read: IPO List 2021: a complete list of IPOs in 2021

Dodla Dairy Limited

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, flavored 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.

Objects of the Issue

  • To repay or prepay company’s borowings fully or partially.
  • To finance capital expenditure requirements.
  • For general corporate purposes.

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.

Basic details about the company

Full nameDodla Dairy Limited
SectorFast Moving Consumer Goods
IndustryConsumer food

Dates to remember

IPO Open16 June 2021
IPO Close18 June 2021
Basis of Allotment23 June 2021
Refunds date24 June 2021
Credit to Demat Account25 June 2021
 Listing Date28 June 2021

IPO details

Issue typeBook Building
IPO issue size₹520.18 Crores
Fresh Issue₹50 Crores
Offer for sale₹470.18 Crores
Face value₹10 Per Equity Share
Price band₹421 to ₹428 Per Share
Retail Allocation35%
Lot size35 Shares
Minimum application1 Lot35 Shares
Maximum application13 Lots-455 Shares
Minimum application amount₹14,980
Maximum application amount₹194,740
Listing ExchangeBSE & NSE

Financial summary

FY2019FY2020H1 FY2021
Comprehensive income58.165.054.874.2
Margin (%)

Valuation of Dodla Dairy (as of FY2020)

Earnings Per Share (EPS)₹8.96
Price/Earnings (PE ratio)46.99 – 47.77
Return on Net Worth (RONW)11.5%
Net Asset Value (NAV)₹77.87 per share

Company Promoters

  • Dodla Sunil Reddy,
  • Sesha Reddy Dodla
  • Dodla Family trust

Lead Managers

  • Axis Capital Limited
  • ICICI Securities Limited

Registrar of Dodla Dairy IPO

KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.

Phone: 04067162222, 04079611000

Dodla Dairy Contact Details

Dodla Dairy Limited
Road No. 10-C, Jubilee Hills
Hyderabad – 500 033, Telangana
Phone: +91 40 4546 7777

Dodla Dairy IPO Allotment Status

Dodla Dairy IPO allotment status will be available on KFin Technologies’ website.

Click on this link to get allotment status.

Final thoughts

Dodla Dairy IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.

Happy Investing

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