Private Equity

Liquidity Events

Dodla Dairy's Rs.520-Cr IPO subscribed 45.62 times

Money Control  

The public issue of Dodla Dairy has seen a subscription of 45.62 times as the offer received bids for 38.80 crore equity shares against the IPO size of 85.07 lakh equity shares. Qualified institutional buyers have put in bids for 84.88 times of their reserved portion. Non-institutional investors have subscribed 73.26 times. The part set aside for retail investors has been subscribed 11.34 times.. The Hyderabad-headquartered integrated dairy company aimed to raise INR 520.17 crore through its public issue that comprised a fresh issue of INR 50 crore and an offer for sale of up to 1,09,85,444 equity shares by the existing selling shareholders including TPG Dodla Dairy Holdings Pte Ltd. The net funds raised from the fresh issue will be used for repaying of borrowings (INR 32.26 crore). The company has already garnered INR 156 crore from anchor investors at a higher end of price band of INR 421-428 per equity share.

From the Venture Intelligence PE-VC Deal Database: Dodla had raised $50-M from TPG Growth in May-17. In Mar-21, IFC had invested INR 100 crore in the company.