Dodla Dairy Limited, an integrated dairy company in South India is coming out with an IPO from June 16, 2021 to June 18, 2021 with the price band of Rs.421 and Rs.428 per equity share against the face valie of Rs.10 per equity share. The company 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.
Financials
| 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 | |
Important Information of
| 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 Shares |
| Listing At | BSE, NSE |
Important dates for
| PO 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 |
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