Dodla Dairy Limited, an integrated dairy company based in south India deriving all of their consolidated revenues for Fiscal 2018 from the sale of milk and dairy based VAPs in the branded consumer market, filed its DRHP with SEBI today on August 09, 2018.
The Initial Public Offering (IPO) comprises of equity shares of face value of Rs. 10 each (“Equity Shares”) of Dodla Dairy Limited (“Company” or “Issuer”) aggregating upto Rs. 1,500 million and an offer for sale of up to 9,543,770 equity shares consisting of up to 7,820,589 equity shares by TPG Dodla Dairy Holdings Pte Ltd (“Investor Selling Shareholder”) and up to 1,723,181 equity shares by Dodla Deepa Reddy (“Individual Selling Shareholder”, and together with the Investor Selling Shareholder, the “Selling Shareholders”).
The Company proposes to utilise the Net Proceeds from the Fresh Issue (“Net Proceeds”) towards (i) repayment/pre-payment, in full or part, of certain borrowings; (ii) purchase of equipments; and (iii) general corporate purposes.
Edelweiss Financial Services Limited and ICICI Securities Limited are the book running lead managers and Karvy Computershare Private Limited is the Registrar.
The equity shares will be listed on NSE & BSE.
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