Dodla Dairy IPO Opens: Check GMP Today, Launch Date, Share Price, and more

The Hyderabad-based dairy company Dodla Dairy is here with its Rs 520 crore IPO. This company makes earnings mainly from different types of milk (around 70%) and then from other dairy products. It has a good financial track record, but has it survived the Covid scare in the dairy industry marketplace? You will get to know about this, GMP Today, Launch Date, Share Price, and more in this short read. Most importantly, will this IPO give you profits? Well, let's checkout.

This is the 3rd IPO so far of June 2021 behind Shyam Metalics IPO and Sona Comstar IPO. Also, KIMS Hospitals IPO will be launching along with it.

Check the important dates including opening, closing, and listing of the Dodla Dairy IPO below.

The GMP Today (15th June 2021, 09:27) of Dodla Dairy IPO is Rs 180. It is expected to go up to a limited extent as per grey market premium pundits (unofficial).

The share price of Dodla Dairy IPO is fixed at Rs 421-428 per equity share. Its issue size is Rs 520 crores, fresh issue is worth Rs 50 crores, and offer for sale is of around 10985K shares. The lot size here is 35 shares with min investment value of Rs 14,980 and max of Rs 1,94,740.

Dodla Dairy is a 26 year old company in the southern part of India. It is into procurement, processing, distribution, and marketing of milk, curd, butter, ghee, ice cream, and other dairy products.

Dodla Dairy operates majorly in Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, and Maharashtra. It also operates globally in Uganda and Kenya. It has 13 processing plants, 40 sales offices, 3336 distribution agents, 863 milk distributors, and 449 product distributors across 11 states in the country. Moreover, It ranks 2nd in market presence among its peers (Amul, Mother Dairy, Govardhan) in the country with most in south India.

In the last 3 years, it showed a steady growth in its assets. Although, its revenue dropped from Rs 15.9k million in March’18 to Rs 9.1k million in Sept’20. This drop might be due to the ongoing pandemic because in March’20 it recorded Rs 21.4k million. Besides, the company is into profit with a growth of around Rs 179 million.

Out of the Rs 520 crores raised, it will use Rs 32.36 crore to repay debt taken from ICICI, HSBC, and HDFC banks. Also, Rs 7.15 crore will be used for capital expenditure requirements.

Besides, in Dec’20 it had an outstanding indebtedness of Rs 87.37 crores.

Therefore, taking all the above points into consideration, Dodla Dairy IPO can be subscribed for small listing gains and large long term gains.