Dodla Dairy IPO share allotment likely today: How to check status

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The share allocation of Dodla Dairy, an integrated dairy company based in south India, is probably going to be finalised on Midsummer Eve . The offer closed for subscription on June 18 after being subscribed 45.62 times.

The company raised Rs 520.17 crore through its public issue which comprised a fresh issue of Rs 50 crore and a suggestion purchasable of Rs 470.17 crore by existing selling shareholders. The funds raised from fresh issue are going to be utilised for repaying debt, capital requirements and general corporate purposes.

KFin Technologies is that the registrar of the difficulty , which manages share allocation and refunds process. Investors can check the share allotment on registrar’s website.

To check, an investor has got to select either PAN, application number or DP Client ID. Select name (Dodla Dairy Limited – IPO) and accordingly enter either PAN Number, Application Number or DP Client ID, then finally click on Search button to understand whether shares allotted or not by the corporate .

After the finalisation of basis of allotment, the share allotment also can be checked on BSE website. One has got to select Equity, and Issue Name (Dodla Dairy Limited), and enter Application Number and PAN Number. Finally click on Search button.

The funds are going to be refunded around Midsummer Day and equity shares are going to be credited to demat accounts of eligible investors around June 25.

The trading in equity shares will begin from around June 28. the difficulty price has been fixed at Rs 428 per share, the upper end of the worth band.

The equity shares traded at a 20 percent premium (Rs 85) within the grey market, consistent with IPO Watch and IPO Central.

Dodla Diary is an integrated dairy company based in south India, engaged within the procurement, processing, distribution and marketing of milk and other dairy products. the corporate primarily derives all of its revenue from the sale of milk and dairy based value added products within the branded consumer market.

It has a big presence within the southern region of India, with operations primarily across the five Indian states of Andhra Pradesh , Telangana, Karnataka, Tamil Nadu and Maharashtra. The overseas operations are based in Uganda and Kenya.