MANAGEMENT OF FINANCIAL SERVICES:

DODLA DAIRY LIMITED IPO

Dodla Dairy Limited, founded in 1995, is a South Indian integrated dairy firm that
specialized in the sourcing, processing, distribution, and marketing of milk and
other dairy products. It processes and sells milk, including standardized, toned,
and double toned milk, as well as curd, butter, ghee, ice cream, and flavored milk,
among other dairy products. It primarily operates in India under the brand names
"Dodla," "Dodla Dairy," and "KC+," while serving the international market under
the brand names "Dodla Dairy," "Dairy Top," and "Dodla+." The company
primarily serves the Indian market segments of Telangana, Andhra Pradesh,
Karnataka, Tamil Nadu, and Maharashtra, as well as the international market
segments of Uganda and Kenya.
It operates 13 processing plants that convert raw milk into packaged milk and
produce dairy-based value-added goods. The company has a strong distribution
network that spans 11 Indian states and includes 40 sales offices, 3336
distribution agents, 863 milk distributors, and 449 product distributors.

PROMOTERS
Dodla Sunil Reddy , Dodla Sesha Reddy and Dodla family trust are the company
promoters.
OBJECTS OF THE ISSUE –
The net proceeds of the initial public offering will be used for the following
purposes:
1. To totally or partially refund or prepay the company's borowings.
2. To meet the needs for capital expenditures.
3. To address the needs of the company as a whole.

BOOK RUNNING LEAD MANAGERS:

1. Axis Capital
2. ICICI Securities

REGISTRAR TO THE ISSUE-

KFintech Private Limited is the registrar for the IPO.

DODLA DAIRY IPO DETAILS:

IPO Opening Date Jun 16, 2021
IPO Closing Date Jun 18, 2021
Issue Type Book Built Issue IPO
Face Value Rs 10 per equity share
IPO Price Rs 421 to 428 per equity share
Market Lot 35 shares
Min Order Quantity 35 shares
Listing At BSE, NSE
Issue Size Eq. shares of rs 10 ( aggregating up to
rs 520.18 Cr)
Fresh Issue Eq Shares of Rs 10 ( aggregating up to
rs 50.00 Cr)
Offer for sale Eq Share of Rs 10 ( aggregating up to rs
470.18 Cr)

SUBSCRIPTION STATUS:
On June 18, 2021 17:00, the Dodla Dairy IPO was subscribed 45.62 times. The
retail sector received 11.34 subscriptions, the QIB category 84.88, and the NII
category 73.26.

QIB 84.88
NII 73.26
RII 11.34
TOTAL 45.62

FINANCIAL INFORMATION:
31-DEC-20 31-MAR-20 31-MAR-19 31-MAR-18
Total Assets 8637.87 8003.08 7519.21 6089.64
Total 14170.35 21456.49 16994.59 15970.13
Revenue
Profit after 1163.85 498.71 627.62 568.54
tax

DODLA DAIRY IPO LOT SIZE:

Application Lots Shares Amount
Minimum 1 35 Rs 14980
Maximum 13 455 Rs 194740

CONCLUSION:
Dodla Dairy's Rs 520-crore initial public offering (IPO) was 45.61 times
oversubscribed. The Dodla Dairy IPO was priced between Rs 421-428 per share.
The initial public offering (IPO) for Rs 520.17 crore received bids for 38.80 crore
shares against 85.07 lakh shares on sale. Qualified Institutional Buyers (QIBs)
received 84.88 percent of the subscriptions, noninstitutional investors 73.26
percent, and retail individual investors (RIIs) 11.33 percent. A day before its IPO,
Dodla Dairy, a leading dairy company in southern India, secured a little over Rs
156 crore from anchor investors. In their respective notes, the research teams at
Angel Broking and Ventura Securities suggested that investors subscribe to the
IPO, while HDFC Securities and JST Investments gave the IPO no rating. Dodla
Dairy generates money from the branded consumer market by selling milk and
dairy-based value added products (VAPs). Fresh milk, ghee, butter, curd, and
paneer, among other dairy products, are sold by the company for consumption at
home.