Dodla Dairy, an integrated dairy company based in south India which launched its initial public offering (IPO) on June 16 is likely to announce its share allocation on Wednesday (June 23). The public offering closed for subscription on June 18 and was subscribed 45.62 times.
The company raised Rs 520.17 crore through its issue which comprised of a fresh issue of Rs 50 crore and an offer for sale of up to 1,09,85,444 equity shares by promoters and investors. The objective of the issue was to use the funds raised for repaying debt, working capital requirements and general corporate purposes.
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After the finalisation of the allotment, the allotted shares will be credited to the demat account of the investors by June 25. The issue is likely to list on the exchanges on June 28, 2021.
How to check the allotment status:
Investors who have subscribed for the shares of the company can check the allotment status on the official website of the registrar of the IPO that is KFin Technologies Private Limited after it is finalised and the official website of the BSE.
Steps to check the allotment status on KFintech:
Step 1: Visit the official website of the registrar of the IPO that is KFin Technologies Private Limited or click on the link- https://ris.kfintech.com/ipostatus/ipos.aspx.
Step 2: Select company name (Dodla Dairy Limited) in the drop-down menu and enter either Application Number or DPID/Client ID or PAN.
Step 3: Enter the Captcha code.
Step 4: Click on Submit.
Steps to check the allotment status on BSE:
Step 1: Go to the official website of the BSE or click on the link- https://www.bseindia.com/investors/appli_check.aspx.
Step 2: Select Equity in issue type and issue name (Dodla Dairy Limited).
Step 3: Enter Application Number and PAN Number.
Step 4: Click on search button.