Dodla Dairy IPO allotment can happen today, check your status like this

Dodla Dairy IPO: Allotment of shares may take place today under the IPO of Dodla Dairy, an integrated dairy company based in South India. The offer closed on June 18 after being subscribed 45.62 times.

The company has raised Rs 520.17 crore from this IPO. The IPO included a fresh issue of Rs 50 crore. At the same time, an offer for sale of 1,09,85,444 shares was placed on behalf of the promoters. In the offer for sale, TPG Dodla Dairy has 92 lakh shares, Dodla Sunil Reddy 4,16,604 equity shares, Dodla Family Trust 10,41,509 equity shares and Dodla Deepa Reddy (Dodla Deepa Reddy) sold 3,27,331 shares.

The company will use the proceeds of the IPO to repay loans of Rs 32.26 crore from ICICI Bank, the Hongkong and Shanghai Banking Corporation (HSBC) and HDFC Bank and meet capital expenditure of Rs 7.15 crore. The company had a debt of Rs 87.37 crore as on 31 December 2020.

how to check status

KFin Technologies is the registrar of this IPO. KFin Technologies will handle the share allotment and refund process under this IPO. To check their status from the registrar’s website, bidding investors can log on to the official registrar KFintech private limited website’s direct link kosmic.kfintech.com/ipostatus. At the same time, to check your status on BSE, directly log on to bseindia.com/investors/appli_check.aspx.

How to Check Status on KFintech

Log on to the kosmic.kfintech.com/ipostatus/ direct link. Select IPO. After this enter your DP ID / DP Client ID or PAN number. If you select the option of Application Number, then first of all you have to select the Application Type (ASBA or Non ASBA).

Then the application number has to be entered. If you have selected DP ID or Client ID then first you have to select your depository NSDL or CDSL. After that you have to enter your ID. After that enter the captcha and submit and your status will be told to you.

How to check status on BSE

First login to bseindia.com/investors/appli_check.aspx. Here you click on Equity. Enter Dodla Dairy in the issue name. Then enter your application number, PAN number. After that click on Im not a robot. Then click on Search. After this your allotment status will appear on your computer screen or smartphone screen.

Company highlights

Let us tell you that Dodla Dairy is a major company of dairy products along with other private players in South India, it has a strong hold in premium consumer markets. The company’s total revenue comes from the sale of milk and dairy products. According to a report by Crisil, it is the third largest company with a presence in South India in terms of milk procurement. It procures more than 10 lakh liters of milk every day. At the same time, it is the second largest private dairy company in South India in terms of market share.

These states have presence

The company’s business is mainly in Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra. Apart from this, the company also operates in Uganda and Kenya. The company gets 72.81% revenue from milk and 27.18% from dairy products. Dodla Dairy is compared with Hatsun Agro Products, Heritage Foods and Parag Milk Foods.

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