{"id":2255,"date":"2021-06-15T13:31:37","date_gmt":"2021-06-15T13:31:37","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=2255"},"modified":"2021-06-15T13:31:37","modified_gmt":"2021-06-15T13:31:37","slug":"dodla-dairy-ipo-details-dates-price-overview","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/dodla-dairy-ipo-details-dates-price-overview\/","title":{"rendered":"Dodla Dairy IPO Details- Dates, Price &#038; Overview"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Dodla Dairy, the milk-based sweets maker\u2019s IPO is all set to hit Dalal street on June 16. <\/span><span style=\"font-weight: 400;\">The issue amount for this IPO is Rs. 520.18 crore, out of which fresh issue is capped at Rs. 50 crore and offer for sale is capped at Rs. 470.18 crore. <\/span><span style=\"font-weight: 400;\">The company has fixed the price band for its public offer at Rs. 421 to Rs. 428 per unit.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Dodla Dairy IPO opens on Wednesday, Jun 16, 2021, and closes on Friday, Jun 18, 2021.\u00a0<\/span><\/p>\n<h3>About the Company:<\/h3>\n<p><span style=\"font-weight: 400;\">Dodla Dairy is the third highest in terms of milk procurement per day with an average procurement of 1.03 million litres of raw milk per day 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 the country.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company\u2019s operations in India are primarily across\u00a0 Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra. Its overseas operations are based in Uganda and Kenya.\u00a0<\/span><\/p>\n<h3>Financial performance:<\/h3>\n<p><span style=\"font-weight: 400;\">Let\u2019s take a quick look into a summary of the financial performance of the company to understand its performance of the business and evaluate the growth prospectus:<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-2256 size-full\" src=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2021\/06\/Dodla-Dairy.png\" alt=\"Dodla Dairy\" width=\"995\" height=\"1159\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2021\/06\/Dodla-Dairy.png 995w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2021\/06\/Dodla-Dairy-258x300.png 258w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2021\/06\/Dodla-Dairy-879x1024.png 879w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2021\/06\/Dodla-Dairy-768x895.png 768w\" sizes=\"(max-width: 995px) 100vw, 995px\" \/><\/p>\n<h3>IPO Details:<\/h3>\n<ul>\n<li><span style=\"font-weight: 400; font-family: Lato;\">The offer size is pegged at Rs. 520.18 crore, and it comprises fresh issue aggregating up to Rs. 50 crore and an offer for the same of up to Rs. 470.18 crore<\/span><\/li>\n<li><span style=\"font-family: Lato;\">The price band is set at Rs. 421 &#8211; 428<\/span><\/li>\n<li><span style=\"font-family: Lato;\">The minimum order quantity is 35 Shares<\/span><\/li>\n<li><span style=\"font-family: Lato;\">The face value of each share is Rs. 10<\/span><\/li>\n<li><span style=\"font-family: Lato;\">Total shares on offer:\u00a0 Up to 12,173,092 Equity Shares at Lower band<\/span><\/li>\n<\/ul>\n<h3>IPO Timeline:<\/h3>\n<p><span style=\"font-weight: 400;\">Issue opens on: Wednesday, June 16, 2021<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Issue closes on: Friday, June 18, 2021<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-2257 size-full\" src=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2021\/06\/Event.png\" alt=\"Dodla Dairy \" width=\"662\" height=\"614\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2021\/06\/Event.png 662w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2021\/06\/Event-300x278.png 300w\" sizes=\"(max-width: 662px) 100vw, 662px\" \/><\/p>\n<h3><strong>Company promoters:<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The selling shareholders include promoters Dodla Sunil Reddy and Dodla Deepa Reddy, along with TPG Dodla Dairy Holdings. <\/span><span style=\"font-weight: 400;\">ICICI Securities and Axis Capital are the book-running lead managers for the issue. <\/span><\/p>\n<h3><strong>Objective of the offer:\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Proceeds of the issue will be used for <\/span><span style=\"font-weight: 400;\">Repayment and\/ or pre-payment, in full or part, of certain borrowings availed by the company.\u00a0 The company also needs to use the amount for funding capital expenditure requirements of the Company, for general\u00a0 corporate purposes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to the aforementioned objectives, the Company expects to receive the benefits of listing of the Equity Shares on the Stock Exchanges and enhancement of our it\u2019s brand name and creation of a public market for our Equity Shares in India.<\/span><\/p>\n<h3><strong>Strengths of the company:\u00a0<\/strong><\/h3>\n<ol>\n<li><span style=\"font-weight: 400;\"> The company is one of the only dairy related companies to have a large product portfolio.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> It is one of the leading dairy players in the Southern region of India.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Integrated business model with stringent quality control procedure.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> The company has its presence internationally too.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> The company has an experienced board and managerial team.<\/span><\/li>\n<\/ol>\n<h3><strong>Risks involved:<\/strong><\/h3>\n<ol>\n<li><span style=\"font-weight: 400;\"> Company\u2019s operations are dependent on the supply of large amounts of milk at competitive prices\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> COVID-19 has had an adverse effect on its business and may continue to do so;<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Inability to accurately forecast demand for its products, may adversely impact business.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> An actual or alleged contamination or deterioration of its products or its raw materials could result in legal liability, reputation loss and adversely affect business<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Primary operations and business activities focussed in south India. Adverse developments in the region can affect business.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Inability to compete with Dairy cooperatives can impact business.<\/span><\/li>\n<\/ol>\n<p><em><span style=\"font-weight: 400;\">Sources &#8211; RHP, BRLM<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400;\">Disclaimer \u2013 This content is purely for informational purposes and is in no way advice or recommendation.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400;\">Investment in the securities market is subject to market risks, read all the related documents carefully before investing. Paytm Money Ltd SEBI Reg No. Broking &#8211; INZ000240532. NSE (90165), BSE(6707) Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi \u2013 110019. visit <\/span><a href=\"http:\/\/www.paytmmoney.com\/\"><span style=\"font-weight: 400;\">www.paytmmoney.com<\/span><\/a><span style=\"font-weight: 400;\"> for complete disclaimers.<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dodla Dairy, the milk-based sweets maker\u2019s IPO is all set to hit Dalal street on June 16. The issue amount for this IPO is Rs. 520.18 crore, out of which fresh issue is capped at Rs. 50 crore and offer for sale is capped at Rs. 470.18 crore. The company has fixed the price band<a href=\"https:\/\/www.paytmmoney.com\/blog\/dodla-dairy-ipo-details-dates-price-overview\/\">Continue reading <span class=\"sr-only\">&#8220;Dodla Dairy IPO Details- Dates, Price &#038; Overview&#8221;<\/span><\/a><\/p>\n","protected":false},"author":23,"featured_media":2258,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-classic-ns.php","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-2255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/2255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=2255"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/2255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/2258"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=2255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=2255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=2255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}