Dodla Dairy Limited IPO

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:

  • 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.

Company Promoters:

  • Dodla Sunil Reddy, Dodla Sesha Reddy, and Dodla Family trust are the company promoters.

Company Financials

Particulars For the year/period ended (Rs in Million)
Summary of financial Information (Restated) 30-Sept-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


Objects of the Issue:

The net IPO proceeds will be used for the following purposes;

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

(Read Detailed Report)


Issue Details


ISSUE OPENS
Wednesday, June 16, 2021

ISSUE CLOSES
Friday, June 18, 2021

ISSUE PRICE
Rs 421 - Rs 428 Per Equity Share.

BID LOT
35 Equity shares & multiple of 35 Equity shares thereafter.

IPO SIZE
Rs. 520.18 Cr

LISTING EXCHNAGES
NSE & BSE

ALLOTMENT DATE
Tentatively Thursday, June 24, 2021

RATIO
QIB 50% - Retail 35% - NIB 15%

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