INSUBCONTINENT EXCLUSIVE:
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
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.
