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Dodla Diary Limited IPO Details

 
Dodla Dairy Limited IPO Details


Hey Guys, There are many interesting Upcoming IPOs which are scheduled to be come in 2021. One such IPO is the Dodla Dairy IPO that is going to launch on June 14, 2021. To Apply for the IPO's you should must have Demat Account. 

To open Demat Account Click on ZERODHA  or  UPSTOX.  

If you Open Your Demat account with Us You will
  Get Free Membership of Premium Telegram Channel.


Let’s have a detailed review of the company and analytics of the Dodla Dairy  IPO release date, IPO offer price, subscription, Dodla Dairy IPO allotment, Dodla Dairy grey market premium, and other details like the company’s background,  financial positions of Dodla Dairy, its promoters, and other related things. 

    About Dodla Dairy Company :-

    Dodla Dairy Limited, Incorporated in 1995. It is an integrated dairy company in South India that is engaged in the procurement, processing, distribution, and marketing of milk and other dairy products. Company processes and sells milk including standardized, toned, and double toned milk, and produces dairy products like curd, butter, ghee, ice cream, flavoured milk.

    We also manufacture and sell cattle feed to farmers through our procurement network. Our revenue from sale of milk and dairy based VAPs constituted 75.32% and 24.68% respectively, for the nine months period ended December 31, 2020. Company also manufacture and sell cattle feed to farmers through our procurement network.

    Its Indian operations are mainly undertaken under the brand name of "Dodla", "Dodla Dairy", and "KC+". Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, and Maharashtra are the key Indian market segments served by the company. They Collect Raw Materials from almost 109,670 farmers through 6,771 Village Level Collection Centers (“VLCCs”), 232 dairy farms.

    Company also serves overseas market under the brand name of "Dodla Dairy", "Dairy Top", and "Dodla+". 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 and has installed capacity of 1.70 MLPD. The firm has a strong distribution network of 40 sales offices, 3,285 distribution agents, 861 milk distributors, and 544 product distributors across 11 states in India.

    Promoters Of Dodla Dairy :-

    The Promoters of Company are Dodla Sunil Reddy, Dodla Sesha Reddy, and Dodla Family trust.

    Promoter Holdings :-

    Pre Issue Promoter Holdings  68.52%
    Post Issue Promoter Holdings  64.17%

    Financials Of Dodla Dairy :-

    Particulars Financials  {Fig. in Cr.}
    31 March 2018 31 March 2019 31 March 2020 31 Dec 2020 (9M)
    Total Assets 608.96751.92800.30863.78
    Total Revenue 1,597.01 1,699.45 2,145.64 1,417.03
    PAT 56.85 62.76 49.87116.38
    EPS 10.21 11.27 8.96 20.91
    RoNW 16.74 15.44 11.50 21.17

    Financials Ratios :- 

    PE Ratio  -  20.46 on Basis of 9M
                        47.5 on basis of March 2020

    Peers of Dodla Dairy :-

    Company Name    PE Ratio 
    Hatsun Agro Products 123.5
    Heritage FoodsNA
    Parag Milk Foods12.5
    Dodla Dairy20.46 {9M}

    Dodla Dairy Ipo Details :-

    IPO Opening Date Jun 16, 2021
    IPO Closing Date Jun 18, 2021
    Face Value ₹10 per equity share
    IPO Price ₹421 to ₹428 per equity share
    Min Order Quantity   35 Shares
    Issue Size ₹520.18 Cr
    Fresh Issue ₹50.00 Cr
    Offer for Sale ₹470.18 Cr
    Listing At BSE NSE

    Shares Offered to :-

      QIB     50% 
    NII 15%
    RII 35%

    Objectives Of Ipo :-

    The net proceeds from the IPO will be utilized towards the following purposes;
    1. To repay or prepay company's borrowings fully or partially. Rs. 32.26
    2. To finance capital expenditure requirements. Rs.7.15

    Ipo Timeline :-

    Ipo Dates  16 - 18 June 21
    Allotment Date  23 June 21
    Initiation of Refunds 24 June 21
    Credit of Share to Demat Account   25 June 21
    Ipo Listing Date 28 June 21

    Dodla Dairy Ipo Grey Market Premium :-

    On 15 June 2021  Rs. 
    On 14 June 2021  Rs. 200
    On 13 June 2021  Rs. 175
    On 12 June 2021  Rs. 110
    On 11 June 2021  Rs. 40

    Strengths and Weakness :-

    Strengths:
    • Leading dairy player in the Southern region of India.
    • Consumer focused dairy company with a diverse range of products under the “Dodla Dairy” and “Dodla” brands
    • Integrated business model with well-defined procurement, processing and distribution capabilities
    • Long term relationship with dairy farmers or Suppliers.
    • Stringent quality control procedures
    • Experienced board and managerial team.
    Weakness:
    • Very Tough Competition from both Organized & Unorganized Market.
    • Fully Dependent on the supply of large amounts of raw milk.
    • Quality and Quantity is dependent on the Cattles.
    • There Most of the Customers are not Loyal or No Agreements with Customers.
    • Improper storage or handling of the raw milk or finished products as the products are perishable.

    Dodla Dairy IPO Registrar :-

    Link Intime India Private Ltd

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