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 name | Dodla Dairy Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Consumer food |
| Company Website | www.dodladairy.com |
Dates to remember
| IPO Open | 16 June 2021 |
| IPO Close | 18 June 2021 |
| Basis of Allotment | 23 June 2021 |
| Refunds date | 24 June 2021 |
| Credit to Demat Account | 25 June 2021 |
| Listing Date | 28 June 2021 |
IPO details
| Issue type | Book 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 Allocation | 35% |
| Lot size | 35 Shares |
| Minimum application | 1 Lot–35 Shares |
| Maximum application | 13 Lots-455 Shares |
| Minimum application amount | ₹14,980 |
| Maximum application amount | ₹194,740 |
| Listing Exchange | BSE & NSE |
Financial summary
FY2018 | FY2019 | FY2020 | H1 FY2021 | |
| Revenue | 1,597.0 | 1,699.4 | 2,145.6 | 918.2 |
| Expenses | 1,516.6 | 1,606.2 | 2,063.8 | 812.5 |
| Comprehensive income | 58.1 | 65.0 | 54.8 | 74.2 |
| Margin (%) | 3.6 | 3.8 | 2.6 | 8.1 |
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
Email: dodladairy.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Dodla Dairy Contact Details
Dodla Dairy Limited
8-2-293/82/A/270-Q
Road No. 10-C, Jubilee Hills
Hyderabad – 500 033, Telangana
Phone: +91 40 4546 7777
Email: mail@dodladairy.com
Website: www.dodladairy.com
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