IPO Issue Details
Issue Price / Price Band₹428 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size35 Shares per Lot
Total Issue Size1,21,53,668 shares (aggregating up to ₹520.18 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 16 Jun 2021
Subscription CloseFri, 18 Jun 2021
Anchor AllotmentTue, 15 Jun 2021
Basis of AllotmentWed, 23 Jun 2021
Initiation of RefundsThu, 24 Jun 2021
Credit of Shares to DematFri, 25 Jun 2021
Listing DateMon, 28 Jun 2021
UPI Mandate Deadline2021-06-18
Application & Investment Details
Retail — Min (1 Lots)₹14,980 — 35 shares
Retail — Max (13 Lots)₹194,740 (13 Lots)
HNI — Min (14 Lots)₹2,09,720 — 490 shares
Pre-IPO Promoter Holding5,83,24,511 shares
Post-IPO Promoter Holding5,94,92,735 shares
Fresh Issue Shares11,68,224 shares (aggregating up to ₹50.00 Cr)
Offer for Sale Shares1,09,85,444 shares of ₹10 (aggregating up to ₹470.18 Cr)
About Dodla Dairy Ltd.
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 strengthsLarge 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.
Objects of the Issue
Dodla Dairy Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
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
2 Funding incremental capital expenditure requirements of our Company
7.15
3
3 General corporate purposes
10.59
Shareholding & Lock-in
Pre-IPO Promoter Holding
5,83,24,511 shares
Post-IPO Promoter Holding
5,94,92,735 shares
Lock-in Period (30%)July 23, 2021
Lock-in Period (50%)September 21, 2021