Dodla Dairy Ltd IPO

Dodla Dairy Ltd

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹428

Issue Price

Listing Price

₹528

Listing Price

Listing Gains

+₹100.00 (+23.36%)

Listing Gains

IPO Details

Bidding Dates

16 Jun - 18 Jun '21

Bidding Dates

Min. Investment

₹14,735

Min. Investment

Lot Size

35.00

Lot Size

Price Range

₹421 - ₹428

Price Range

Issue Size

512 Cr

Issue Size

Subscription Rate

Retail Individual Investor
11.34x
Non-Institutional Investor
73.26x
Qualified Institutional Buyers
84.88x
Employees
0.00x

About Company

With a presence in Tamil Nadu, Telangana, Andhra Pradesh and Maharashtra, Dodla Dairy holds court as the third largest buyer of raw milk. Its daily procurement averages approximately 1.02 million litres. The diary company is responsible for selling retail milk along with dairy-based value-added offerings. Keeping in mind a CRISIL report, the dairy giant is understood to have the second-largest market presence across the country. This is with reference to private dairy firms and is a fact established as of December last year. Its overseas presence extends to Uganda and Kenya.

Dodla Dairy Ltd IPO Latest News and Subscription Status Today (Live)

The Dodla Dairy IPO dates opened on June 16, 2021, and closed on June 18, 2021, with the allotment date falling on the 23rd of June and the initiation of refunds happening on the following day.

When looking at the Dodla Dairy IPO share price, it fell in the price range of INR 421 – INR 428 per share. The lot size for the Dodla Dairy IPO listing was 35 shares.

Why should you invest in Dodla Dairy Ltd IPO?

With over 25 years of experience in the industry, Dodla Dairy’s IPO makes for a viable investment for a number of reasons.

For starters, its business model is well integrated with clear procurement, processing and distribution capabilities.

It has consistently grown over the past three financial years. This holds true for both its financial and operational holdings.

Dodla Dairy Ltd IPO - SWOT Analysis

Strengths –

The dairy company’s strength lies in the fact that it has well-defined quality and food safety measures in place. These come into effect at varying stages of the production process.

It has a number of diverse products under its Dodla Dairy brand along with the Dodla brand.

Weaknesses –

The fact that the company is dependent upon a large amount of raw milk each day serves as a vulnerability.

Milk can spoil easily leasing to products made by Dodla Dairy having a limited period within which they can be consumed.

Dodla Dairy’s subsidiaries, OPL and Dodla Kenya have each suffered losses in the past.

Opportunities –

Funds generated via this IPO can help Dodla Dairy forge long-term agreements with its customers.

Threats –

COVID-19 measures along with additional health concerns can impact the procurement, disbursal, and sale of milk.

If the milk is contaminated or the products are tampered with, legal liabilities can arise.

How to apply for Dodla Dairy Ltd IPO?

You can apply for the Dodla Dairy Ltd IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an Dodla Dairy Ltd click here.
2. If you don't have a TradeSmart Account? Sign up.

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