Dodla Dairy, a leading dairy company in South India, filed draft papers with capital markets regulator Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO).
The IPO comprises fresh issuance of shares worth up to Rs150cr, besides an offer for sale of up to 95,43,770 equity shares by TPG Dodla Dairy Holdings Pte Ltd and Dodla Deepa Reddy, according to the draft papers filed with SEBI.
Edelweiss Financial Services and ICICI Securities will manage the company’s initial share sale.
The equity shares will be listed on NSE and BSE.
The company was established by a well-known family of Nellore district of Andhra Pradesh in the year 1995 and production commenced in 1998.
Currently, it operates in four states where procurement, processing and packaging of milk and milk products are carried out.
The company products are available for purchase in nine states. The company has 11 processing plants and 67 milk chilling centers. Its international operations are based in Uganda and Kenya.