Dodla Dairy Limited

Dodla Dairy Limited IPO Review

Dodla Dairy is an incorporated dairy organization situated in south India. The organization professes to be the third most elevated as far as milk acquisition among private dairy players in the southern area. The organization’s normal acquisition is of 1.02 million liters of crude milk each day starting on 31 December 2020.

Its tasks in India are fundamentally spread across Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra while abroad activities are situated in Uganda and Kenya. It sells milk and worth-added items (VAP) like curd, Ultra-High Temperature prepared (UHT) milk, ghee, spread, enhanced milk and frozen yogurt under Dodla Dairy, Dodla and KC+ brands. Income from offer of milk and dairy based VAPs established 72.8% and 27.2% separately, of its absolute incomes in FY2020. 

The organization’s handling activities consist of preparing the gathered crude milk into bundled milk and assembling other dairy based VAPs by 13 handling plants with a total introduced limit of 1.70 MLPD. Milk is secured from roughly 114,920 ranchers through 6,624 Village Level Collection Centers (VLCCs), 254 dairy ranches (ranchers raising numerous steers for providing crude milk in mass amounts) and outsider providers starting at 31 December 2020.

Subscription Dates16 – 18 June 2021
Price BandINR421 – 428 per share
Fresh issueINR50 crore
Offer For Sale10,985,444 shares (INR462.49 – 470.18 crore)
Total IPO sizeINR512.49 – 520.18 crore
Minimum bid (lot size)35 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE
 

FY2018

FY2019

FY2020

9M FY2021

Revenue

1,597.0

1,699.4

2,145.6

1,417.0

Expenses

1,516.6

1,606.2

2,063.8

1,254.9

Comprehensive income

58.1

65.0

54.8

115.9

Margin (%)

3.6

3.8

2.6

8.2

Earnings Per Share (EPS): INR8.96

Price/Earnings (PE ratio): 46.99 – 47.77

Return on Net Worth (RONW): 11.5%

Net Asset Value (NAV): INR77.87 per share

DateGMP (in INR)Kostak (in INR)Subject to Sauda (in INR)
25 June 202180
24 June 202170
23 June 202175
22 June 2021852502,000
21 June 2021802502,000

Listing Performance of Dodla Dairy Limited IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain

Dodla Dairy Limited

Jun 28, 2021

428

609.1

42.31

NSE : DODLA

BSE : 543306

ISIN CODE : INE021O01019

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IPO Opening Date: 16 June 2021

IPO Closing Date: 18 June 2021

Finalisation of Basis of Allotment: 23 June 2021

Initiation of refunds: 24 June 2021

Transfer of shares to demat accounts: 25 June 2021

Listing Date: 28 June 2021

Opening Price on NSE: INR550 per share (up 28.5% from IPO price)

Closing Price on NSE: INR609 per share (up 42.29% from IPO price)

Dodla Dairy Limited

8-2-293/82/A/270-Q

Road No. 10-C, Jubilee Hills

Hyderabad – 500 033, Telangana

Phone: +91 40 4546 7777

Email: mail@dodladairy.com

Website: www.dodladairy.com

KFin Technologies Private Limited

Selenium Tower B, Plot 31-32, Gachibowli, 

Nanakramguda, Hyderabad – 500 032, 

Telangana

Phone: +91 40 6716 2222 

Fax: +91 40 2343 1551

Email: einward.ris@kfintech.com

Website: www.kfintech.com

Category

Shares offered

Subscription (no. of times, at 5 PM)

Day 1

Day 2

Day 3

QIB

24,30,734

0.02

0.28

84.88

NII

18,23,051

0.15

0.60

73.26

Retail

42,53,784

2.73

6.17

11.34

Total

85,07,569

1.41

3.30

45.62

Dodla Dairy Limited IPO FAQ's

Dodla Dairy IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹520.18 Crores. The issue is priced at ₹421 to ₹428 per equity share. The minimum order quantity is 35 Shares.The initial public offering (IPO) begins on  Jun 16, 2021,and ends on  Jun 18, 2021.The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.



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

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



DODLA DAIRY IPO  can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

The Basis of Allotment for Dodla Dairy IPO will be done on Jun 23, 2021, and the allotted shares will be credited to your demat account by Jun 25, 2021. Check the Dodla Dairy IPO allotment status.

The DODLA DAIRY IPO listing date is on Monday, June 28, 2021.

Dodla Dairy Limited IPO Comments