Dodla Dairy IPO- June 16, 2021
Dodla Dairy is a Hyderabad-based dairy company that primarily sells branded milk (full cream, toned, processed, double-toned) and dairy-based value-added products such as curd to consumers. It is surprising to know that Dodla Dairy is the 3rd largest player when it comes to procuring milk per day. They procure nearly 1.02 million liters of raw milk on a daily basis. Dodla Dairy also sells ultra-high-temperature processed products like butter, ghee, ice cream, flavored milk, and more.
Amongst private dairy players with a significant presence in the southern region of India, the company is the third highest in terms of milk procurement per day with an average procurement of 1.02 million litres of raw milk per day (MLPD) as of December 31, 2020 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 India.
Points to note before investing in Dodla Dairy IPO
Consumer focused dairy company with a diverse range of products under the “Dodla Dairy” and “Dodla” brands
Focused engagement and long term relationship with dairy farmers
Experienced Board and senior management team
Strong distribution network.
Dodla Dairy IPO Details
IPO Opening Date | June 16, 2021 |
IPO Closing Date | June 18, 2021 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹421 to ₹428 per equity share |
Market Lot | 35 Shares |
Min Order Quantity | 35 Shares |
Listing At | BSE, NSE |
Allotment , Listing and Refunds details
IPO Open Date | June 16, 2021 |
IPO Close Date | June 18, 2021 |
Basis of Allotment Date | June 23, 2021 |
Initiation of Refunds | June 24, 2021 |
Credit of Shares to Demat Account | June 25, 2021 |
IPO Listing Date | June 28, 2021 |
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