Bookbuilding IPO | ₹520 Cr | Listed at BSE, NSE | Wed, Jun 16, 2021 - Fri, Jun 18, 2021
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 per share. The lot size for an application is 35. The minimum amount of investment required by an retail is ₹14,980 (35 shares) (based on upper price). 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 Open
Wed, Jun 16, 2021
IPO Close
Fri, Jun 18, 2021
Issue Price
₹428 per share
Market Cap (Pre-IPO)
₹2,546.29 Cr
| IPO Date | 16 to 18 Jun, 2021 |
| Listed on | Mon, Jun 28, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹421 to ₹428 |
| Issue Price | ₹428 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,21,53,668 shares (agg. up to ₹520 Cr) |
| Fresh Issue | 11,68,224 shares (agg. up to ₹50 Cr) |
| Offer for Sale | 1,09,85,444 shares of ₹10 (agg. up to ₹470 Cr) |
| Share Holding Pre Issue | 5,83,24,511 shares |
| Share Holding Post Issue | 5,94,92,735 shares |
| BSE Script Code / NSE Symbol | 543306 / DODLA |
| ISIN | INE021O01019 |
Dodla Dairy IPO comprises a total issue size of 1,21,53,668 shares. Out of which, 60,76,833 (50.00%) are allocated to QIB, 18,23,051 (15.00%) allocated to NII 42,53,784 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 35 shares and in multiples thereof.
| 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 |
Dodla Dairy IPO raises ₹156.05 crore from anchor investors. Dodla Dairy IPO Anchor bid date is June 15, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jun 15, 2021 |
| Shares Offered | 36,46,099 |
| Anchor Portion (₹ Cr.) | 156.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jul 23, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Sep 21, 2021 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Dodla Dairy IPO is subscribed 45.62 times on June 18, 2021 5:00:00 PM (Day 3). The public issue subscribed 11.34 times in the retail category, 84.88 times in the QIB category, and 73.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 84.88 | 24,30,734 | 20,63,21,255 |
| NII | 73.26 | 18,23,051 | 13,35,52,825 |
| Retail | 11.34 | 42,53,784 | 4,82,22,510 |
| Total | 45.62 | 85,07,569 | 38,80,96,590 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 17.70 |
| 2 | Selling commission/processing fee for SCSBs, Sponsor Bank and fee payable to the Sponsor Bank for Bids made by RIBs | 1.83 |
| 3 | Brokerage and selling commission and bidding charges for members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs | 3.37 |
| 4 | Fees payable to the Registrar to the Offer | 0.27 |
| 5 | Fees payable to the other advisors to the Offer | 2.62 |
| 6 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 3.42 |
| 7 | Printing and stationery | 1.52 |
| 8 | Advertising and marketing expenses | 4.42 |
| 9 | Fee payable to legal counsels | 2.55 |
| 10 | Miscellaneous | 2.48 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹428.00 | ₹428.00 |
| Open | ₹528.00 | ₹550.00 |
| Low | ₹528.00 | ₹550.00 |
| High | ₹633.60 | ₹652.00 |
| Last Trade | ₹609.10 | ₹609.90 |
Lead Manager Reports
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 Crores. The issue is priced at ₹428 per share. The minimum order quantity is 35.
The IPO opens on Wed, Jun 16, 2021, and closes on Fri, Jun 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 Wed, Jun 16, 2021 and closes on Fri, Jun 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 Fri, Jun 25, 2021. Check the Dodla Dairy IPO allotment status.
The Dodla Dairy IPO listing date is on Mon, Jun 28, 2021.
