DODLA DAIRY LIMITED

Dodla Dairy Limited is an integrated dairy company in South India that is engaged in the procurement, processing, distribution, and marketing of milk and other dairy products. It processes and sells milk including standardized, toned, and double toned milk, and produces dairy products like curd, butter, ghee, ice cream, flavoured milk. It has a total of 13 processing plants to process raw material into packaged milk and manufacture dairy-based value-added products. The firm has a strong distribution network of 40 sales offices, 3336 distribution agents, 863 milk distributors, and 449 product distributors across 11 states in India.Total Asset of the company increased from Rs 800.30 crore in FY-2019 to Rs 818.32 crore in FY-2020 with the increase of 2.25%. Total revenue of the company reached Rs 918.22 Crore in FY-2020 from Rs 2145.64 crore in FY-2019 declining by 57.20%. Net profit earned by the company in FY-2020 is Rs 74.77 crore.For Fiscal 2020 in nine-months period ended December 31, 2020, company had spent an amount of Rs 2.00 million and Rs 9.40 million in CSR activities. CSR activities are primarily focused on initiatives related to education and these activities are centred around the geographical areas near our processing plants.Dodla Dairy has commenced its ₹520 crore initial public offering (IPO), with the price band fixed at ₹421-428 per share and it will be open for subscription till June 18. Each lot consists of 35 shares, so each lot will be worth ₹14,980.The promoters liquidated for IPO are TDDHPL which has liquidated 9,200,000 shares. Dodla Sunil Reddy has liquidated Up to 416,604 shares, Dodla Family Trust Up to 1,041,509 and Dodla Deepa Reddy Up to 327,331. Freshly issued amount is Rs 520 Crore.Growing urbanization in India is increasing the demand for packaged dairy product. This demand will be catered by companies like Dodla Dairy. Dodla Dairy will also diversify its product portfolio and will diversify its geographical presence. This all will lead to growth in company’s financial performance in future. So the future prospects of this company is food thus it can achieve Listing gain.