Dodla Dairy IPO is going to launch, and you can apply to Dodla Dairy IPO from 16th June to 18th June 2021. Dodla Dairy is aiming to raise ₹520.17 crores through an IPO which consists of a fresh issue of ₹50 crores worth equity and OFS(Offer For Sale) of 1,09,85,444 equity shares worth ₹470 Crores by existing shareholders.
Dodla dairy started in 1995 in Hyderabad. They are the dairy business of procuring, marketing, processing, and distribution of milk and dairy products. They operate as a “Dodla Dairy”, “Dairy” and “KC+”. While in foreign countries they have brands like “Dairy Top”, “Dodla+” and “Dodla Dairy”. They have 13 producing plants, 41 sales offices, 3000+ distribution centers, 400+ milk distributors in 11 states of India. Many IPOs are going to launch this year check here the list.
Dodla Dairy IPO Dates & Price Band:
|Open date||16th June 2021|
|Close date||18th June 2021|
|Total Size of IPO||₹520.17 Cr.|
|Fresh Issue||₹50 Cr.|
|Offer for Sale||₹470 Cr.|
|Price Band||₹421 – ₹428|
|Face Value||₹10 per share|
|Listing on||NSE and BSE|
|Retail Investor’s Portion||35%|
Dodla Dairy IPO Market Lot:
The minimum market lot of Dodla Dairy IPO is 51 shares with ₹14,841 application. Retail investors can apply for 13 lots with 663 shares application worth ₹1,92,933.
|Application||Lot||Shares||Cut Off Amount|
Should you subscribe to Dodla Dairy IPO?
- They have full control over their business as they produce, process, and distribute on their own.
- Dodla Dairy has a strong distribution relationship with its distributor.
- They have personalized commitments with their dairy farmers for the sake of buying raw materials.
- From the past 3 years, there is a continuous increase in revenue. This is a positive sign as this indicates their strong distribution network.
- Product quality cannot be compromised in the dairy business.
- Every dairy product comes with an expiry date so they have to be very strong in their distribution process.
- In the dairy business there are chances of wastage of products due to the expiry dates.
Final Verdict –
For the past 3 years, Dodla Dairy has been successful in increasing revenue as well as PAT (Profit After Tax). An increase in PAT indicates that they have worked on their distribution and marketing. Dodla Dairy looks promising in terms of EPS (Earning Per Share) of ₹ 8.68.
Investors can invest for the long term in the Dodla Dairy IPO. It’s early to predict but Dodla Dairy IPO can give great listing gains by seeing its grey market premium. You can keep a track of Dodla Dairy IPO GMP here.
Dodla Dairy IPO Allotment & Listing Dates:
Dodla Dairy IPO date is 16th June and the closing date is 18th June. Allotment of shares will be done on 23rd June and the listing date on NSE & BSE is 28th June 2021.
Allotment Date for Dodla Dairy – 23rd June 2021
Refund Date for Dodla Dairy – 24th June 2021
Credit of Shares to Demat Account – 25th June 2021
Listing Date for Dodla Dairy – 28th June 2021
Applying Dodla Dairy IPO through the form:
Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.
Financials of Dodla Dairy IPO:
The financials of Dodla Dairy is very attractive. From 2019 the revenue numbers are increasing constantly. Net income after paying tax looks good. Upcoming financial numbers are expected to be good so we suggest investors to apply for the IPO.
|Year||Revenue (₹ in Cr.)||Expense (₹ in Cr.)||PAT Net Income (₹ in Cr.)|
About Dodla Dairy –
Dodla dairy started in Hyderabad in Telangana state in the year 1995. Currently Dodla Dairy has procurement in 5 states and products can be bought from 11 states. In total, they have 90 milk chilling centers. Apart from milk they also have curd, butter ghee, ice cream, flavored milk, etc in their portfolio.
Dodla Dairy’s strong marketing and distribution is done by 40 sales offices located in different cities in India. From 31st December 2020, their products are also available at “Dodla Retail Parlors” which are located in Karnataka, Andhra Pradesh, Telangana, and Tamil Nadu.
IPO Registrar Details –
KFintech Private Limited
Dodla Dairy Contact Details –
Dodla Dairy Limited
8-2-293/82/A/270-Q, Road No. 10-C,
Hyderabad, 500 033
Tel: +91 40 4546 7777
Frequently Asked Questions on Dodla Dairy IPO –
When will Dodla Dairy IPO open for Investors?
Dodla Dairy IPO will open on 16th June 2021 and will close on 18th June 2021.
What is Dodla Dairy IPO Retail Portion?
The portion allocated for retail investors in Dodla Dairy IPO is 35%
How to apply for Dodla Dairy IPO?
You can apply Dodla Dairy IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.
Should I invest in Dodla Dairy IPO?
For the past 3 years, Dodla Dairy has been successful in increasing revenue as well as PAT (Profit After Tax). An increase in PAT indicates that they have worked on their distribution and marketing. Dodla Dairy looks promising in terms of EPS (Earning Per Share) of ₹ 8.68. This gives confidence to investors to bet on Dodla Dairy.
What is the allotment date for Dodla Dairy shares?
23rd June 2021 is the allotment date for Dodla Dairy shares.
What is the listing date for Dodla Dairy?
28th June 2021 is the listing date for Dodla Dairy. It will be listed on NSE and BSE.
What is the cutoff price for Dodla Dairy IPO?
The cutoff price for Dodla Dairy IPO is ₹428 per share.