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Dodla Dairy IPO is a book build issue of ₹520.18 crores. The issue is a combination of fresh issue of 0.12 crore shares aggregating to ₹50.00 crores and offer for sale of 1.10 crore shares aggregating to ₹470.18 crores.
Dodla Dairy IPO bidding started from Jun 16, 2021 and ended on Jun 18, 2021. The allotment for Dodla Dairy IPO was finalized on Jun 23, 2021. The shares got listed on BSE, NSE on Jun 28, 2021.
Dodla Dairy IPO price band is set at ₹428.00 per share . The lot size for an application is 35. The minimum amount of investment required by an retail is ₹14,735 (35 shares). The lot size investment for sNII is 14 lots (490 shares), amounting to ₹2,09,720, and for bNII, it is 67 lots (2,345 shares), amounting to ₹10,03,660.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Dodla Dairy IPO RHP for detailed Information.
| IPO Date | June 16, 2021 to June 18, 2021 |
| Listing Date | June 28, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹421 to ₹428 per share |
| Issue Price Final | ₹428 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,21,53,668 shares (aggregating up to ₹520.18 Cr) |
| Fresh Issue | 11,68,224 shares (aggregating up to ₹50.00 Cr) |
| Offer for Sale | 1,09,85,444 shares of ₹10 (aggregating up to ₹470.18 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,83,24,511 shares |
| Share Holding Post Issue | 5,94,92,735 shares |
Dodla Dairy IPO offers total 1,21,53,668 shares. Out of which 60,76,833 (50.00%) allocated to QIB, 24,30,734 (20.00%) allocated to QIB, 18,23,051 (15.00%) allocated to NII, 42,53,784 (35.00%) allocated to RII and 36,46,099 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 60,76,833 (50.00%) | NA |
| − Anchor Investor Shares Offered | 36,46,099 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 24,30,734 (20.00%) | NA |
| NII (HNI) Shares Offered | 18,23,051 (15.00%) | NA |
| Retail Shares Offered | 42,53,784 (35.00%) | 1,21,536 |
| Total Shares Offered | 1,21,53,668 (100.00%) |
Dodla Dairy IPO opens on June 16, 2021, and closes on June 18, 2021.
| IPO Open Date | Wed, Jun 16, 2021 |
| IPO Close Date | Fri, Jun 18, 2021 |
| Tentative Allotment | Wed, Jun 23, 2021 |
| Initiation of Refunds | Thu, Jun 24, 2021 |
| Credit of Shares to Demat | Fri, Jun 25, 2021 |
| Tentative Listing Date | Mon, Jun 28, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 18, 2021 |
Investors can bid for a minimum of 35 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,980 |
| Retail (Max) | 13 | 455 | ₹1,94,740 |
| S-HNI (Min) | 14 | 490 | ₹2,09,720 |
| S-HNI (Max) | 66 | 2,310 | ₹9,88,680 |
| B-HNI (Min) | 67 | 2,345 | ₹10,03,660 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in millions) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 8,637.87 | 8,003.08 | 7,519.21 | 6,089.64 | |
| Total Revenue | 14,170.35 | 21,456.49 | 16,994.59 | 15,970.13 | |
| Profit After Tax | 1,163.85 | 498.71 | 627.62 | 568.54 | |
The Company Dodla Dairy IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company from ICICI Bank Limited, the Hongkong and Shanghai Banking Corporation Limited and HDFC Bank Limited | 32.26 |
| 2 | Funding incremental capital expenditure requirements of our Company | 7.15 |
| 3 | General corporate purposes | 10.59 |
[Dilip Davda] The market has witnessed mixed trends for the dairy industry listed scrip. Super earnings in the pandemic period of FY21 surprises one and all. Based on the FY20 earnings issue is priced at around 51 P/E making it a fully priced offer. The company’s plans to add milk products going forward makes it a long term bet. Investors may consider an investment with a long term perspective. Read detail review...
| Listing Date | June 28, 2021 |
| BSE Script Code | 543306 |
| NSE Symbol | DODLA |
| ISIN | INE021O01019 |
| Final Issue Price | ₹428 per share |
| BSE Listing Group | B |
Dodla Dairy Ltd.
8-2-293/82/A/270-Q, Road No. 10-C,
Jubilee Hills, Hyderabad, 500 033
Hyderabad, Telangana
Phone: +91 40 4546 7777
Email: mail@dodladairy.com
Website: http://www.dodladairy.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: dodladairy.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Dodla Dairy IPO is a main-board IPO of 1,21,53,668 equity shares of the face value of ₹10 aggregating up to ₹520.18 Crores. The issue is priced at ₹428 per share. The minimum order quantity is 35.
The IPO opens on June 16, 2021, and closes on June 18, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
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
Visit Zerodha IPO Application Process Review for more detail.
The Dodla Dairy IPO opens on June 16, 2021 and closes on June 18, 2021.
Dodla Dairy IPO lot size is 35, and the minimum amount required for application is ₹14,980.
You can apply in Dodla Dairy IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dodla Dairy IPO will be done on Wednesday, June 23, 2021, and the allotted shares will be credited to your demat account by Friday, June 25, 2021. Check the Dodla Dairy IPO allotment status.
The Dodla Dairy IPO listing date is on Monday, June 28, 2021.
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