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Dodla Dairy Limited IPO
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About the Business
Dodla Dairy Limited is an integrated dairy company in South India that is engaged in the procurement, distribution, and marketing of milk and other dairy products. It has a total of 13 processing plants. It processes and sells milk including standardized, toned, and double toned milk, and produces dairy products like curd, butter, ghee, ice cream, flavoured milk, etc.
Its Indian operations are mainly undertaken under the brand name of "Dodla", "Dodla Dairy", and "KC+" whereas it serves overseas market under the brand name of "Dodla Dairy", "Dairy Top", and "Dodla+". Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, and Maharashtra are the key Indian market segments served by the company while in the overseas market, it mainly serves countries like Uganda and Kenya.
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.
Funds from the fresh issue will be used for
The company has planned to utilize the net proceeds towards funding the repayment/prepayment of certain borrowings worth Rs 150 crore and for general corporate purposes.
Company Financials: (in millions)
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