Friday, January 28, 2022
BusinessDodla Dairy raises Rs 156.05 crore from 18 anchor investors

Dodla Dairy raises Rs 156.05 crore from 18 anchor investors

Published: 15th Jun 2021 10:56 pm

Hyderabad: Hyderabad-based Dodla Dairy, the second largest private dairy company in terms of market presence in India and the third largest private dairy company in terms of procurement of milk per day, allotted 36,46,099 equity shares to 18 anchor investors and raised Rs 156.05 crore ahead of the company’s proposed IPO at the upper price band of Rs 428 per share.

- Advertisement -

The IPO consists of a fresh issue aggregating up to Rs 50 crore 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 and up to 416,604 equity shares by Dodla Sunil Reddy and up to 1,041,509 equity shares by Dodla Family Trust, and up to 327,331 equity shares by Dodla Deepa Reddy.

Around 16.66 per cent of the anchor investor portion was allocated to SBI Mutual Fund, DSP Mutual Fund, Aditya Birla Mutual Fund and White Oak Capital Partners each.

The International Finance Corporation, which is already an investor in the company, also participated in the anchor book. Other anchor investors were IIFL Special Opportunities Fund and Edelweiss Mutual Fund.

Bids can be made for a minimum of 35 equity shares and in multiples of 35 equity shares thereafter. ICICI Securities and Axis Capital are the Book Running Lead Managers to the offer.

Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .

Also Read

- Advertisement -

Latest News

- Advertisement -