Dodla Dairy IPO: Check Open/Close Date, IPO Price, IPO Size | Espresso


Dodla Dairy Limited IPO – June 16 to 18

June 14, 2021
Dodla Dairy Limited IPO – June 16 to 18

Dodla Dairy Limited is coming out with a fresh public issue to raise Rs 520.18 crores from the market.

Key details of the issue:

  • Issue opens – June 16 (Wednesday)
  • Issue closes – June 18 (Friday)
  • Issue size – Rs 520.18 crores
  • Price band – Rs 421 to 428 per equity share
  • Bid lot – 35 shares and in multiples thereof

And here are some details of the company and further details on the Dodla Dairy Limited issue.

Company details:

Dodla Dairy Limited was incorporated on May 15, 1995, at Hyderabad. Dodla Dairy is an integrated dairy company based in South India, primarily deriving all of its revenue for Fiscal 2020 and for the 9 months period ended Dec 31, 2020, from the sale of milk and dairy-based Value Added Products in the branded consumer market.

The company sells fresh milk, ghee, butter, curd, paneer, gulab jamun, doodh peda, basundhi and junnu, which are targeted to be consumed at home. It sells UHT milk, flavoured milk, ice cream and beverages such as buttermilk under its brand, primarily for direct consumption.

In India, Dodla Dairy is the 3rd highest in terms of milk procurement per day with an average procurement of 1.03 million litres of raw milk per day (MLPD) as of Mar 31, 2021, and 2nd highest in terms of market presence among private dairy players, with a significant presence in the southern region of India.

Its operations in India are primarily across the 5 Indian states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra. Its overseas operations are based in Uganda and Kenya.

The company’s Indian operations are undertaken under the brands Dodla Dairy, Dodla and KC+. Its overseas operations are undertaken under the brands Dodla Dairy, Dairy Top and Dodla+.

The company has an average procurement of 1.03 MLPD from approximately 109,670 farmers through 6,771 village-level collection centres, 232 dairy farms, and third-party suppliers as of Mar 31, 2021.

The company’s processing operations consist of the processing of collected raw milk into packaged milk and manufacturing of other dairy-based products in 13 processing plants with an aggregate installed capacity of 1.70 MLPD.

Also Read: Know about Pre-IPO investing

Issue size:

Rs 520.18 crores

Issue break-up:

  • QIB – 50% of the offer – Rs 260.09 crores

  • NIB – 15% of the offer – Rs 78.03 crores

  • RET – 35% of the offer – Rs 182.06 crores




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