Dodla Dairy files IPO papers with Sebi again, largely a proposal in the marketplace sing


Dodla Dairy compares itself with listed companies particularly Hatsun Agro Products, Heritage Foods and Parag Milk Foods.

February 18, 2021 / 11: 13 AM IST

South-based solely solely dairy firm Dodla Dairy has filed draft crimson herring prospectus with the capital market regulator Sebi, for its initial public providing. A source conclude to the trends mentioned the sing size could be around Rs 800 crore.

The general public sing consists of a peculiar sing of as a lot as Rs 50 crore by the firm and a proposal in the marketplace of as a lot as 1,00,85,444 equity shares by promoters and an investor, mentioned the firm in its DRHP filed on February 15.

The supply in the marketplace consists of as a lot as 83 lakh shares by TPG Dodla Dairy Holdings, 4,16,604 equity shares by promoter Dodla Sunil Reddy, 10,41,509 equity shares by promoter Dodla Family Believe, and 3,27,331 equity shares by promoter Dodla Deepa Reddy.

The firm will utilise rating unusual sing proceeds for repayment of debt and capital expenditure. It had also filed IPO papers in 2018 to elevate around Rs 500 crore.

Dodla Dairy is an constructed-in dairy firm based solely solely in south India essentially deriving all of earnings for FY20 and H1FY21 from the sale of milk and dairy based solely solely ticket added products (VAPs) in the branded individual market.

Amongst inner most dairy gamers with a valuable presence in the southern space of India, it's the third top seemingly by technique of milk procurement per day with an realistic procurement of 1.02 million litres of raw milk per day (MLPD) as of December 2020 and 2nd top seemingly by technique of market presence all the diagram in which thru all of India amongst inner most dairy gamers with a valuable presence in the southern space of India, says CRISIL Describe.

Its operations in India are essentially all the diagram in which thru the 5 Indian states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra, while abroad operations are based solely solely in Uganda and Kenya.

Its earnings from sale of milk and dairy-based solely solely VAPs constituted 72.81 p.c and 27.18 p.c, respectively, to earnings in FY20, and 74.45 p.c and 25.55 p.c, respectively, for the six months period ended September 2020.

Dodla Dairy compares itself with listed companies Hatsun Agro Products, Heritage Foods and Parag Milk Foods.

ICICI Securities and Axis Capital are appointed because the e book running lead managers to the sing.

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