Dodla Dairy Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 6,076,833 (50%) | — | ₹26,009 Cr |
| NII (HNI) | — | 1,823,051 (15%) | — | ₹7,803 Cr |
| Retail | — | 4,253,784 (35%) | — | ₹18,206 Cr |
| Σ Total | — | 12,153,668 (100%) | — | ₹520,177 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,980 |
| Retail (Max) | 13 | 455 | ₹194,740 |
| S-HNI (Min) | 14 | 490 | ₹209,720 |
| B-HNI (Min) | 67 | 2,345 | ₹1,003,660 |
Financial Statements Amount In Crore
| Metric | 31-Dec-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 1,417 | 2,146 | 1,699 |
| Profit After Tax | 116 | 50 | 63 |
| Total Assets | 864 | 800 | 752 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 Funding incremental capital expenditure requirements of our Company – 7.15
- 3 General corporate purposes – 10.59
Company Overview
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.