Dodla Dairy will launch its preliminary public providing (IPO) on June 16. The The Hyderabad-based firm’s public situation will likely be open for 3 days between June 16 and June 18, and the shares will likely be provided within the value band of Rs 421-428 per share. The shares are more likely to be listed on the BSE and NSE on June 28.
Dodla Dairy’s public provide will encompass a contemporary situation of as much as Rs 50 crore and a suggestion on the market of as much as 1,09,85,444 shares by the promoters. The provide on the market consists of 92 lakh shares by investor TPG Dodla Dairy Holdings, 4,16,604 fairness shares by Dodla Sunil Reddy, 10,41,509 fairness shares by Dodla Household Belief and three,27,331 fairness shares by Dodla Deepa Reddy.
Candidates can bid for a minimal one lot of 35 shares and in multiples of 35 shares thereafter, extending as much as 13 heaps.A complete of 50 per cent of the difficulty measurement has been reserved for certified institutional patrons, 35 per cent for retail patrons and 15 per cent for non-institutional traders.
The corporate will utilise the IPO proceeds to repay debt and for capital expenditure necessities.
Dodla Dairy is an built-in dairy firm based mostly in south India. It operates in Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra, with Dodla Dairy, Dodla and KC+ manufacturers, and in Uganda and Kenya with manufacturers Dodla Dairy, Dairy High and Dodla+.
Dodla Dairy would be the third firm to launch IPO subsequent week, after Shyam Metalics and Sona Comstar.