Dodla Dairy Limited Initial Public Offer to open on June 16, 2021

MUMBAI:
Dodla Dairy Limited to open its Initial Public Offering (“Offer”) on June 16, 2021. The Price Band of the Offer has been fixed at Rs. 421 to Rs. 428 per Equity Share. Bids can be made for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.

The IPO consists of a fresh issue aggregating up to Rs 500 million and an Offer for Sale of up to 10,985,444 Equity Shares. The Offer for Sale consists of up to 9,200, 000 Equity Shares by TPG Dodla Dairy Holdings Pte. Ltd. (“Investor Selling Shareholder”) and up to 416,604 Equity Shares by Dodla Sunil Reddy and up to 1,041, 509 Equity Shares by Dodla Family Trust (“Promoter Selling Shareholders”) and up to 327,331 Equity Shares by Dodla Deepa Reddy (“Promoter Group Selling Shareholder”).

The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company and the Selling Shareholders in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”). One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price in accordance with SEBI ICDR Regulations. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs.

Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to RIBs in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank accounts (including UPI ID for RIBs using UPI Mechanism), in which the corresponding Bid Amounts will be blocked by the SCSBs or the Sponsor Bank, as applicable. Anchor Investors are not permitted to participate in the Offer through the ASBA process.
The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on BSE and NSE.

ICICI Securities Limited and Axis Capital Limited are the Book Running Lead Managers (“BRLMs”) to the Offer.