Some 35 per cent of the problem is reserved for retail traders, 50 per cent for qualified institutional buyers (QIBs), and the remaining 15 per cent for non-institutional traders. Investors can bid for a bid for lots of 35 shares and in multiples thereafter.
Dodla Dairy is the third-largest dairy in India by way of every day milk procurement with a mean procurement of 1.03 million litres of uncooked milk per day as of March 31. It is the second-largest non-public dairy participant by way of market presence. The firm primarily caters to 5 states, specifically Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and Maharashtra. It additionally operates international locations specifically Uganda and Kenya.
Dodla sells merchandise within the home market beneath manufacturers resembling Dodla Dairy, Dodla, and KC+. It sells merchandise abroad beneath manufacturers Dodla Dairy, Dairy Top, and “Dodla+”. It processes and sells retail milk and produces dairy-based value-added merchandise resembling curd, ultra-high temperature processed milk, ghee, butter, flavoured milk and icecream, amongst others.
It additionally manufactures and sells cattle feed to farmers via its procurement community.
Revenue from sale of milk and dairy accounted for 72.81 per cent of FY20 whole revenues. Value products accounted for 27.18 per cent of whole revenues. In the primary 9 months of FY21, value-added merchandise accounted for twenty-four.68 per cent and milk merchandise 75.32 per cent of income.
The firm’s processing operations encompass the processing of the collected uncooked milk into packaged milk and manufacturing of different dairy-based VAPs by 13 processing vegetation with an mixture put in capability of 1.70 MLPD. These embody the Vedasandur and Batlagundu processing vegetation, which Dodla Dairy acquired from KC Dairy Products. Due to Covid-led disruptions, the corporate noticed 20 per cent drop in volumes and 12 per cent drop in gross sales within the 4 quarters to December 2020.