The data has been compiled from various sources and might have small difference but overall theme is to subscribe or not — we will focus on that

Dodla Dairy IPO– An integrated Dairy company based in south India , 2nd largest in terms of milk procurement, 3rd largest in terms of presence among private dairy companies

Business — Sale of Milk and Milk based Value Added Products(VAP)

Revenue segments — 73% from processed milk, 27% from VAP

Region of operation –Main presence in 5 states of south India,overseas operation in uganda and kenya

Offer purpose —  Fresh issuance of equity shares worth up to ₹50 crore and a ₹470 crore offer for sale by existing shareholders for prepayment of credit, capex and general purposes

Risks —

Low margin business

Highly competitive business with unorganised players chasing same customers

Strength

Diversified nature of products portfolio

Strong distribution netwrork

Strong Brand presence in southern region of India

Future

How they expand and grab market share in highly competitive industry determines their growth

Any addition of VAP and increase in revenue from VAP may lead to good growth

Valuations

Valuations are bit on higher side

Should we apply?

People can avoid and look at listed peers instead

One can wait to enter at low prices for investment purposes and review holdings with each quarter earnings

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