Dodla Dairy Limited, the second largest private dairy company in terms of market presence in India and also the third largest private dairy players in terms of procurement of milk per day with an average procurement of 1.03 million litres of raw milk per day, allotted 36,46,099 equity shares to 18 anchor investors and raised Rs. 156.05 crore ahead of the company's proposed IPO at the upper price band of Rs. 428 per share.
The anchor allocation as follows:
DSP SMALL CAP FUND - 16.66%
ASHOKA INDIA OPPORTUNITIES FUND - 13.46%
IIFL SPECIAL OPPORTUNITIES FUND - SERIES 7 - 12.17%
SBI MAGNUM MIDCAP FUND - 8.33%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SMALL CAP FUND - 8.33%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE MULTI-CAP FUND - 8.33%
INTERNATIONAL FINANCE CORPORATION - 6.41%
SBI MAGNUM CHILDREN'S BENEFIT FUND - INVESTMENT PLAN - 4.81%
INTEGRATED CORE STRATEGIES ASIA PTE LTD - 3.21%
KUBER INDIA FUND - 3.21%
SAINT CAPITAL FUND - 3.21%
ASHOKA INDIA EQUITY INVESTMENT TRUST PLC - 3.20%
SBI LONG TERM ADVANTAGE FUND-SERIES IV - 2.56%
EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC- EDELWEISS MAIDEN OPPORTUNITIES FUND - SERIES 1 - 1.96%
EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC-EDELWEISS BALANCED ADVANTAGE FUND - 1.96%
SBI MAGNUM CHILDREN'S BENEFIT FUND - 0.96%
EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF
AC- EDELWEISS EDELWEISS EQUITY SAVINGS FUND - 0.85%
EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC- EDELWEISS AGGRESIVE HYBRID FUND - 0.39%
The IPO consists of a fresh issue aggregating up to Rs 500 million and an Offer for Sale of up to 10,985,444 Equity Shares. The Offer for Sale consists of up to 9,200,000 Equity Shares by TPG Dodla Dairy Holdings Pte. Ltd. ("Investor Selling Shareholder"), and up to 416,604 Equity Shares by Dodla Sunil Reddy and up to 1,041,509 Equity Shares by Dodla Family Trust ("Promoter Selling Shareholders"), and up to 327,331 Equity Shares by Dodla Deepa Reddy ("Promoter Group Selling Shareholder").
Around 16.66% of the Anchor Investor Portion was allocated to SBI Mutual Fund, DSP Mutual Fund, Aditya Birla Mutual Fund and White Oak Capital Partners each. The International Finance Corporation, which is already an investor in the Company, also participated in the Anchor Book. Other notable anchor investors were IIFL Special Opportunities Fund and Edelweiss Mutual Fund.
Bids can be made for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.
ICICI Securities Limited and Axis Capital Limited are the Book Running Lead Managers ("BRLMs") to the Offer.