Dodla Dairy will be the 3rd company to release IPO next week, after Shyam Metalics and Sona Comstar.Dodla Dairy will introduce its initial public offering (IPO) on June 16.
The Hyderabad-based business's public problem will be open for 3 days between June 16 and June 18, and the shares will be used in the cost band of Rs 421-428 per share.
The shares are likely to be noted on the BSE and NSE on June 28.
Dodla Dairy's public deal will include a fresh problem of approximately Rs 50 crore and an offer for sale of as much as 1,09,85,444 shares by the promoters.
The market consists of 92 lakh shares by financier TPG Dodla Dairy Holdings, 4,16,604 equity shares by Dodla Sunil Reddy, 10,41,509 equity shares by Dodla Household Trust and 3,27,331 equity shares by Dodla Deepa Reddy.Applicants can bid for a minimum one great deal of 35 shares and in multiples of 35 shares thereafter, extending approximately 13 lots.An overall of 50 per cent of the issue size has actually been reserved for certified institutional buyers, 35 percent for retail purchasers and 15 percent for non-institutional investors.The business will make use of the IPO proceeds to pay back financial obligation and for capital investment requirements.Dodla Dairy is an integrated dairy company based in south India.
It runs in Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra, with Dodla Dairy, Dodla and KC+ brands, and in Uganda and Kenya with brands Dodla Dairy, Dairy Top and Dodla+.
Dodla Dairy will be the 3rd business to introduce IPO next week, after Shyam Metalics and Sona Comstar.