Dodla Dairy IPO

The south-India based dairy firm’s Dodla Dairy IPO for Rs 520.18 crore will open on June 16, 2021. The issue will contain Rs 50 crores in fresh equities and an offer for sale from promoters. The subscription window will close on June 18, 2021.

Dodla Dairy IPO

Issuer

Dodla Dairy Limited

IPO Date : 16th June 2021 - 18th June 2021
Price Band
₹ 421 - ₹ 428 per equity share

Issue Size
₹ 520.18 crore

Face Value
₹ 10 per equity share

Market Lot
35 Shares

Listing At
NSE,BSE
₹0 Free Equity Delivery
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Dodla Dairy Information

Dodla Dairy firm is a leading private dairy firm with a prominent presence in south India. The firm is present in five Indian states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and Maharastra. Dodla Dairy is the third-largest procurer of raw milk, with an average daily procurement of 1.02 million litres.

The company sells retail milk and dairy-based value-added products. Per a CRISIL report, Dodla Dairy has the second-largest market presence across India among private dairy firms in December 2020.

Competitive strength

  • The company has a strong market presence across the south-Indian states and an overseas presence in Kenya and Uganda
  • Third largest procurer of raw milk with average daily consumption of 1.02 million litres
  • The diversified product portfolio of retail milk (full-cream, standardise, toned, and double-toned) and dairy-based value-added products like curd, ultra-high temperature processed milk, ice-cream, butter, ghee, and flavoured milk
  • An integrated business model with well-defined procurement, processing, and distribution channels

Dodla Dairy IPO Important Dates

The below table has important dates with respect to the Dodla Dairy IPO allotment and listing :
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
UPI Mandate Expiry Date N/A

Dodla Dairy Limited IPO Latest News & Subscription Status Today [Live]

June 18: Day 3
June 17: Day 2
June 16: Day 1

At 05:00 p.m

- This IPO has been subscribed 45.62x by 5:00 p.m. on Day 3
- It is a public issue of 8,507,569 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 84.88x
- (NII) Non-institutional buyers: 73.26x
- (RII) Retail Individual buyers: 11.33x

 

At 03:55 p.m

- This IPO has been subscribed 45.53x by 3:55 p.m. on Day 3
- It is a public issue of 8,507,569 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 84.88x
- (NII) Non-institutional buyers: 73.23x
- (RII) Retail Individual buyers: 11.17x

 

At 02:55 p.m

- This IPO has been subscribed 27.46x by 2:55 p.m. on Day 3
- It is a public issue of 8,507,569 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 40.01x
- (NII) Non-institutional buyers: 50.53x
- (RII) Retail Individual buyers: 10.40x

 

At 01:55 p.m

- This IPO has been subscribed 18.36x by 1:55 p.m. on Day 3
- It is a public issue of 8,507,569 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 13.02x
- (NII) Non-institutional buyers: 47.21x
- (RII) Retail Individual buyers: 9.06x

 

At 12:59 p.m

- This IPO has been subscribed 6.35x by 12:59 p.m. on Day 3
- It is a public issue of 8,507,569 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 5.75x
- (NII) Non-institutional buyers: 2.45x
- (RII) Retail Individual buyers: 8.37x

 

At 10:09 a.m

- This IPO has been subscribed 3.38x by 10:09 a.m. on Day 3
- It is a public issue of 8,507,569 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.28x
- (NII) Non-institutional buyers: 0.63x
- (RII) Retail Individual buyers: 6.33x

 

At 05:00 p.m.

- This IPO has been subscribed 3.30x by 5:00 p.m. on Day 2
- It is a public issue of 8,507,569 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.28x
- (NII) Non-institutional buyers: 0.60x
- (RII) Retail Individual buyers: 6.18x

 

At 03:55 p.m.

- This IPO has been subscribed 2.98x by 3:55 p.m. on Day 2
- It is a public issue of 8,507,569 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.24x
- (NII) Non-institutional buyers: 0.53x
- (RII) Retail Individual buyers: 5.59x

 

At 02:55 p.m.

- This IPO has been subscribed 2.55x by 2:55 p.m. on Day 2
- It is a public issue of 8,507,569 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.24x
- (NII) Non-institutional buyers: 0.46x
- (RII) Retail Individual buyers: 4.77x

 

At 01:10 p.m.

- This IPO has been subscribed 2.30x by 1:10 p.m. on Day 2
- It is a public issue of 8,507,569 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.24x
- (NII) Non-institutional buyers: 0.40x
- (RII) Retail Individual buyers: 4.28x

 

At 10:40 a.m.

- This IPO has been subscribed 1.70x by 10:40 a.m. on Day 2
- It is a public issue of 8,507,569 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.02x
- (NII) Non-institutional buyers: 0.16x
- (RII) Retail Individual buyers: 3.32x

 

At 05:00 p.m

- This IPO has been subscribed 1.40x by 5:00 p.m. on Day 1
- It is a public issue of 8,507,569 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.02x
- (NII) Non-institutional buyers: 0.14x
- (RII) Retail Individual buyers: 2.73x

 

How to apply for Dodla Dairy IPO :


1. If you are already a client of Angel Broking, apply directly for Dodla Dairy IPO, click here.

2. If you’re a new investor Open DEMAT Account for free with Angel Broking and build wealth with the best stock choices. Join our 1 million+ family of happy customers.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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Dodla Dairy IPO FAQs

What is an IPO?

Companies issue initial public offering shares that allow general investors to invest in the company.

What is Dodla Dairy IPO?

South-India based Dodla Dairy firm is ready with their IPO of Rs 520.18 crore. The offer will open in the price band of Rs 421-428 per share.

How to apply for Dodla Dairy IPO through Angel Broking?

Our current clients can apply from their user account by logging into the website or mobile app. Find Dodla Dairy IPO from the list of available IPOs and click on 'Apply'. Since a Demat account is a prerequisite to apply for IPO, get an Angel Broking Demat account in under 10 minutes. Click here.

When will Dodla Dairy IPO open?

The three-day bidding window will open on June 16, 2021, and remain open till June 18, 2021.

What is the minimum lot size for retail investors?

Retail investors need to apply for a minimum lot size of one of 35 shares. They can increase their bidding size to up to 13 lots for 455 shares.

How to apply for Dodla Dairy IPO?

One can apply through a stockbroking firm or their bank. Applications made using third party UPI, and ASBA forms will get rejected without consideration. Hence, please follow the correct application process.

When is the Dodla Dairy IPO allotment date?

The finalisation of Dodla Dairy IPO shares allotment will happen on June 23, 2021.

When is the Dodla Dairy IPO listing date?

The IPO gets listed on June 28, 2021.

How to pay for Dodla Dairy IPO using UPI?

Retail investors applying for IPO must make the payment through UPI. To complete the payment process, link your bank account with the UPI handle, like Google Pay or UPI. You'll receive a payment mandate in your UPI handle during the application. Approve the payment mandate to complete the bidding process.

How will I receive the Dodla Dairy IPO?

Once allotted, investors will receive Dodla Dairy IPO shares directly in their Demat account. Need to open a Demat account? Click here.

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