Is Dodla dairy IPO a good investment?

Brokerages have recommended subscribing to the Dodla Dairy IPO on the back of the company’s strong financial performance, robust business growth, growth potential, reasonable valuations and long term prospects of the domestic dairy industry.

What is Dodla dairy IPO?

Dodla Dairy IPO comprised a fresh issue of ₹50 crore and an offer for sale of 1,09,85,444 equity shares. The share offering was in a price range of ₹421-428 per share. Ahead of the IPO, Dodla Dairy had raised ₹156 crore from anchor investors.

Should you subscribe to Dodla dairy?

According to the brokerage, the company will continue to perform well on both the topline and the bottomline. It recommends investors to subscribe to the issue from a longer-term perspective. Dodla Dair is an integrated dairy company based in south India.

What does Dodla dairy do?

The company offers wide range of Milk Products Comprising of Fresh Milk, Butter, Ghee, Paneer, Curd, Flavoured Milk, Doodh Peda, Ice Cream and Skimmed Milk Powder.

Is Dodla milk good?

The chilled milk is then pasteurized. This process kills pathogenic microbes that cause spoilage of milk and any harmful bacteria. Dodla milk is packed in high-quality food grade pouches which are user-friendly. The product undergoes stringent quality checks before packing.

How many times has Dodla IPO been subscribed?

Dodla Dairy IPO subscribed 45.62 times.

Is Dodla dairy IPO allotted?

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Is it good to buy Kims IPO?

Avinash Gorakshkar of Prifitmart Securities recommended fresh buying if the KIMS share price goes below its issue price of ₹825 in the intraday trade or in upcoming trade sessions this week. KIMS IPO was subscribed 3.86 times and the ₹2,144 crore public issue price band was fixed at ₹815 to ₹825 per equity shares.

Is Dodla milk is cow or buffalo?

Dodla Ghee is extracted from cow and buffalo milk. Ghee is produced in three variants – cow ghee, white ghee (buffalo ghee) and premium ghee (full boiled white ghee). We collect and treat cow and buffalo milk separately and do not mix them during processing.

Is Dodla cow milk?

Fresh milk from buffalos and cows is brought to the nearest chilling centers and then to the nearest processing plants without breaking the cold chain. The chilled milk is then pasteurized. Dodla milk is packed in high-quality food grade pouches which are user-friendly.

How many times Subscribe Dodla dairy?

Dodla Dairy IPO subscribed 45.62 times. The public issue subscribed 11.34 times in the retail category, 84.88 times in QIB, and 73.26 times in the NII category by Jun 18, 2021.

When will the Dodla dairy IPO open for subscription?

Dodla Dairy IPO: The initial public offering (IPO) of Dodla Dairy will open for subscription on Wednesday, June 16, 2021, at a price band of Rs 421-428 per share. The offer will be available for subscription till Friday, June 18, 2021.

What is the business model of dairydodla?

Dodla Dairy is an integrated South India-based dairy company, primarily deriving all of its revenue from milk and dairy-based value-added products. On the block is a fresh issue of up to Rs 50 crore worth of shares and an offer for sale of up to 10,985,444 shares.

What is the history of Dodla dairy?

Founded in 1995, Dodla Dairy Limited commenced its operation in 1997 at Hyderabad. Dodla Dairy is an integrated dairy company engaged in the procurement, processing, distribution, and marketing of milk and other dairy products.

What is the business model of Dodla?

Domestic business: Dodla Dairy is an integrated South India-based dairy company, primarily deriving all of its revenue from milk and dairy-based value-added products. The company also manufactures and sells cattle feed to farmers through its procurement network.