Sumary of Dodla Dairy public issue opens on June 16:
- The Hyderabad-based Dodla Dairy initial public offering (IPO) will open on June 16, with a price band of ₹421-428 a share..
- Announcing the details of the IPO, Dodla Dairy Managing Director Sunil Reddy has said that a part of the proceeds would be used to pay debts to the tune of ₹32 crore..
- Fresh issue of ₹50 crore The IPO comprises a fresh issue aggregating up to ₹50 crore and an offer for sale of up to 1.09 crore equity shares, including 92 lakh shares held by TPG Dodla Dairy Holdings Pte..
- Outlook Sunil Reddy, however, expected that the dairy industry will witness a turnaround in the current financial year….