Dodla Diary Limited IPO Details

Dodla Diary IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

About Dodla Diary

The company is an integrated dairy company based in south India primarily deriving all of our revenue for Fiscal 2020 and for the nine months period ended December 31, 2020 from the sale of milk and dairy based VAPs in the branded consumer market.

Amongst private dairy players with a significant presence in the southern region of India, we are the third highest in terms of milk procurement per day with an average procurement of 1.03 million litres of raw milk per day (“MLPD”) as of March 31, 2021 and second highest in terms of market presence across all of India amongst private dairy players with a significant presence in the southern region of India.

The operations in India are primarily across the five Indian states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra. The company has overseas operations are based in Uganda and Kenya.

The Indian operations are undertaken under the brands “Dodla Dairy”, “Dodla” and “KC+”. the overseas operations are undertaken under the brands “Dodla Dairy”, “Dairy Top” and “Dodla+”.

The process and sell retail milk (full cream, standardised, toned and double toned) and produce dairy based value added products (“VAPs”) such as curd, Ultra -High Temperature processed (“UHT”) milk, ghee, butter, flavoured milk and ice cream amongst others.

The compnay also manufacture and sell cattle feed to farmers through our procurement network. The revenue from sale of milk and dairy based VAPs constituted 72.81% and 27.18% respectively, of our revenue in Fiscal 2020 and 75.32% and 24.68% respectively, for the nine months period ended December 31, 2020. The revenue from operations for Fiscal 2020 amounted to Rs.21,393.73 million and our revenue from operations for the nine month period ended December 31, 2020 amounted to Rs.14,135.12 million

Important Details – Dodla Diary

DateDetails
May 15, 1995The Company was incorporated as Dodla Dairy Limited (“DDL”)

Dodla Diary IPO Price – Details

DescriptionDetails
Public IssuePublic issue 6,64,000 Equity Shares of ₹10 (aggregating up to ₹520.18 Cr)
Issue Open  Date16-Jun-21
Issue Close Date18-Jun-21
Issue TypeBook Built
IPO Price Band₹421 to ₹428 per equity share
Face Value ₹ 10
Market Lot 35 Equity Shares and in multiples thereof
Minimum Order Quantity 35 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolDODLA
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Dodla Diary IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum13514,980
Maximum134551,94,740

Objects of the Issue

The net proceeds of the Fresh Issue, i.e. gross proceeds of the Fresh Issue less the offer expenses apportioned to our Company (“Net Proceeds”) are proposed to be utilised in the following manner:

  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 ;
  2. Funding capital expenditure requirements of our Company; and
  3. General corporate purposes.

Dodla Diary IPO Lead Managers

  • ICICI Securities Limited
  • Axis Capital Limited

Dodla Diary Registrar

  • KFin Technologies Private Limited

Dodla Diary IPO Allotment Date, Listing Date and other Important Dates

DescriptionDetails
Bid / Offer Opens on16-Jun-21
Bid / Offer Closes on18-Jun-21
Finalisation of Basis of Allotment23-Jun-21
Initiation of refunds 24-Jun-21
Credit of the Equity Shares25-Jun-21
Commencement of trading – Listing28-Jun-21

Dodla Diary IPO DRHP & RHP

Dodla Diary IPO DRHP
Dodla Diary IPO RHP

Dodla Diary IPO – FAQS

When Dodla Diary IPO will open ?

The Dodla Diary IPO opens on Jun 16, 2021 and closes on Jun 18, 2021

What is the lot size of Dodla Diary IPO ?

Dodla Diary IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.

What is the price band for Dodla Diary IPO ?

The Dodla Diary IPO price band is from ₹421 to ₹428 per equity share

Who is the Registrar for Dodla Diary IPO ?

The Registrar is KFin Technologies Private Limited

How to apply in Dodla Diary IPO through UPI?

Check the step by step process here – Click here

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