Dodla Dairy IPO

Dodla Dairy Ltd.

₹14,735 /35 sharesMinimum Investment

Dodla Dairy IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
16 Jun ‘21 - 18 Jun ‘21₹14,73535₹421 - ₹428
Issue SizeIPO Doc
520.18Cr
RHP PDF

Subscription Status As on 18 Jun '21, 4:50 PM

  • Retail Individual Investor
    11.33x
  • Non-Institutional Investor
    73.26x
  • Qualified Institutional Buyers
    84.88x

About Dodla Dairy

Parent Organisation
Dodla Dairy Ltd.
Founded
1995
Managing Director
Dodla Sunil Reddy
Dodla Dairy IPO review - Price, business, financials, IPO details | Upcoming IPO 2021

Strengths & Risks

  • 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.
  • Stringent and well-defined, quality and food safety procedures at various stages from procurement to distribution of its products.
  • Delivered consistent growth over the last three financial years both in terms of financial and operational metrics.
  • Dependant on the supply of large amounts of raw milk.
  • COVID-19 pandemic and other health concerns that may impact the procurement, distribution, or sale of milk.
  • Contamination of milk or product tampering resulting in a legal liability.
  • Seasonal change in the demand and supply of milk and its inability to forecast it accurately.
  • Procurement and processing are primarily based in South India. Hence, any adverse developments in this region can potentially impact its operations.
  • Inability to service existing debt agreements.
  • Competitive market.
  • Certain financing arrangements have variable interest rates.
  • Its subsidiaries, OPL and Dodla Kenya have incurred losses in the past.
  • The company has certain contingent liabilities.
  • Improper storage or handling of the raw milk or finished products (since they are perishable).
  • Pending legal proceedings against the promoters Dodla Sunil Reddy and Dodla Sesha Reddy.
  • Adapting to changing consumer preferences.
  • Inability to procure the desired quantity and quality of raw materials.
  • No long-term agreements with most customers.
  • Outstanding litigation proceedings against the company and its directors.

Financials

*All values are in Rs. Cr
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