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<ul><li>The <keyword id="11160485" type="UNKNOWN" weightage="20" keywordseo="Dodla-Dairy-IPO">Dodla Dairy IPO</keyword> goes live today, June 16, and it will be open for subscription till June 18.</li><li>The total IPO size is ₹520 crore. The price band is fixed at ₹421-428, and each lot consists of 35 equity shares.</li><li>Analysts suggest that the future prospects of the company make it worth subscribing to the IPO.</li></ul>Initial public offerings (IPO) of dairy companies don’t come around often, so the Hyderabad-based Dodla Dairy’s ₹520 crore IPO stands apart from the rest for this reason, among others. The 26-year-old company operates in South India. It is the third largest milk producer in the country, with its milk procurement standing at 1.03 million litres per day. If that sounds exciting enough, here’s a brief look at the Dodla Dairy IPO details: <table style="border-width: initial; border-style: none;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Issue opens </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">June 16, 2021 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Issue closes </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">June 18, 2021 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹421-428 per share </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Market lot </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">35 shares </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Minimum order value </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹14,980 </td></tr></tbody></table> Here’s how much of the issue is reserved for different categories of investors: <table style="border-width: initial; border-style: none;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Share of issue reserved </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyers </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">50% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investors </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">15% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Retail Investors </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">35% </td></tr></tbody></table> Dodla Dairy counts the US-based equity firm TPG amongst its investors. Out of the ₹520 crore that it aims to raise from the markets, ₹470 crore will be via offer for sale from the existing investors, including TPB and the company’s promoters. The remaining ₹50 crore will be raised via a fresh issue of equity shares. <div type="Article" hostid="261" msid="83433293" title="Dodla Dairy's ₹520 crore IPO isn't to expand into new markets but to strengthen its foothold where it already exists" mstype="2" mssubtype="0"></div> <cmsannotation type="cmsannotation" annotationid="Objects of the issue" comment="subhead" text="Objects of the issue">Objects of the issue</cmsannotation> The company’s prospectus states that out of the ₹50 crore fresh issue, ₹32 crore will be used toward payment of certain borrowings, which will help reduce its cost of finance and make the company debt-free. ₹7 crore will be used towards meeting incremental capital expenditure requirements of the company. The remaining ₹11 crore will go towards general corporate purposes. <cmsannotation type="cmsannotation" annotationid="Here’s what analysts are saying" comment="subhead" text="Here’s what analysts are saying">Here’s what analysts are saying</cmsannotation> Analysts at Angel Broking said that the future prospects of the company look better thanks to an improved product mix. “Dodla Dairy has shown improvement in operating margin with an efficient working capital cycle. Going forward, we believe that it would perform better on the back of an increase in value added product mix,” said the brokerage. Reliance Securities also recommended subscribing considering the long-term prospects of the company. “Going forward, sustainability of recent improvement in operating performance will be the key for DDL’s valuation rerating in the medium-term. Considering strong OCF yield and consumer-centric business, which usually commands higher multiple, we recommend subscribing to the IPO from the long-term perspective,” it said in a statement. <table style="border-width: initial; border-style: none;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Brokerage/analyst </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Recommendation </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Securities </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Angel Broking </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dilip Davda </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe for long term </td></tr></tbody></table> <cmsannotation type="cmsannotation" annotationid="Understanding the business of Dodla Dairy" comment="subhead" text="Understanding the business of Dodla Dairy">Understanding the business of Dodla Dairy</cmsannotation> Dodla Dairy has a network of over 1 lakh farmers across South India, helping it procure over 1.03 million litres of milk per day. This makes it the third largest company by milk procurement, and the second largest private dairy company in terms of market presence. Dodla primarily operates in Telangana, Andhra Pradesh, Karnataka, Tamil Nadu and Maharashtra. It also has operations beyond India, in Uganda and Kenya. Apart from milk, Dodla Dairy also has other value-added products like curd, ghee, butter, paneer (Indian cottage cheese), flavoured milk, ice cream, among other things. <div type="image" title="Dodla IPO Revenue Profits." msid="83548254" hostid="261" caption="&amp;lt;p&amp;gt;Dodla Dairy&amp;#39;s revenue and profit since 2018&amp;lt;/p&amp;gt;"></div> According to the company, its main competitors are Hatsun Agro Products, Heritage Foods, Tirumala Milk Products and Creamline Dairy Products. Here’s how it fares against them: <table style="border-width: initial; border-style: none;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net profit as of 31 March 2020 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Dodla Dairy </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹49.87 crore </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Hatsun Agro Products </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1,12.27 crore </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Heritage Foods </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">(₹169.4 crore) </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Parag Milk Foods </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹93.69 crore </td></tr></tbody></table> SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/dodla-dairys-520-crore-ipo-is-set-to-hit-the-market-on-june-16-check-out-all-details/articleshow/83433293.cms">Dodla Dairy's ₹520 crore IPO isn't to expand into new markets but to strengthen its foothold where it already exists</a> <a href="https://www.businessinsider.in/business/news/why-dodla-dairy-has-no-plans-to-expand-beyond-southern-india/articleshow/83503817.cms">Here’s why Dodla Dairy has no plans to expand beyond southern India for at least the next two years even with its IPO</a> <a href="https://www.businessinsider.in/stock-market/news/shyam-metalics-ipo-price-gmp-should-you-subscribe/articleshow/83506838.cms">Shyam Metalics IPO worth ₹909 crore is live – find out if you should subscribe to this Kolkata-based producer of long steel products</a>

Dodla Dairy IPO – find out if you should subscribe to this Hyderabad-based dairy company’s stock

<ul><li>Dodla Dairy lists at 38% premium from its price band of Rs 421-428 apiece.</li><li>The company’s <keyword id="30335" type="ORGANIZATION" weightage="20" keywordseo="Shares">shares</keyword> had been subscribed 45.62 times on the last day of its subscription.</li><li>Hyderabad-based Dodla Dairy is one of the largest distributors of milk and dairy-based value-added products in south India.</li></ul>The wait has finally ended as Dodla Dairy has listed its shares on India’s stock <keyword id="62298" type="PERSON" weightage="20" keywordseo="exchanges">exchanges</keyword>. The Hyderabad-based dairy company saw its shares listed at ₹582 -- a jump of almost 38% from its initial price ₹421-428 apiece. The shares of Dodla Dairy continued to rise and were trading at ₹600 at 10.27 a.m. The grey market had indicated a strong listing of Dodla Dairy company as it stayed around ₹70-90 premium per share, according to <a href="https://www.ipowatch.in/p/ipo-grey-market-premium-latest-ipo-grey.html">IPOwatch</a>. However, the grey market is not an official measure of the market premium. The 26-year-old company operates in south India. It is the third largest milk producer in the country, with its milk procurement standing at 1.03 million litres per day. Their operations in India are primarily across the five Indian states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra. Their overseas operations are based in Uganda and Kenya. Dodla Dairy's ₹520 crore initial share-sale was subscribed 45.62 times at a price band of ₹421-428 apiece. The company has delivered consistent growth over the last three financial years both in terms of financial and operational metrics, mentions a report by HDFC Securities. Its revenue from operations increased at a compound annual growth rate (CAGR) of 15.98% from FY18 to FY20 and amounted to ₹21,393.73 million in FY20. SEE ALSO:<a href="https://www.businessinsider.in/cryptocurrency/news/el-salvador-is-doling-out-free-money-digital-wallets-and-bitcoin-atms-to-pump-up-its-new-crypto-based-economy/articleshow/83841201.cms">El Salvador is pushing for the use of Bitcoin with ATMs, digital wallets and free money — but participation is not ‘mandatory’</a> <a href="https://www.businessinsider.in/cryptocurrency/news/new-cryptocurrency-scam-steals-2-million-in-monero-from-gamers/articleshow/83839775.cms">A new cryptocurrency scam targeting gamers has already siphoned off $2 million in Monero</a>

Shares of milk distributor Dodla Dairy list at 38% premium on exchanges

<ul><li>Dodla Dairy's initial public offering (IPO) will go live on June 19 with a price band of ₹421 to ₹428.</li><li>The Hyderabad-based dairy company is the third largest in India in terms of milk procurement and has a <keyword id="2934343" type="PERSON" weightage="20" keywordseo="Foothold">foothold</keyword> in southern India.</li><li>The firm plans to use its new capital to repay the loans and fund its working capital requirements.</li></ul>India’s third largest dairy company in terms of milk procurement, Dodla Dairy, is ready to go public on June 16. The Hyderabad-based firm has announced its plans to issue an initial public offering (IPO) worth ₹520 crore as it looks to strengthen its footprint in the southern Indian states. This includes a fresh issue of ₹50 crore and offer for sale (OFS) of ₹470 crore. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Important dates </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IPO opening </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">16 June 2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IPO closing </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18 June 2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Likely allotment </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">23 June 2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Likely listing </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">28 June 2021 </td></tr></tbody></table> The company’s shares will be going for ₹421 to ₹428 apiece. Applicants will be able to bid for lots of 35 shares, but an individual can apply for no more than 13 lots. The aspiring dairy firm plans to use ₹32.26 crore to repay the loans it has already taken out and fund its working capital requirements with ₹7.15 crore. Whatever it left over, will be put towards general corporate purposes, which includes hiring new talent, research and development, and digitisation. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IPO details </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹421 to ₹428 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market lot </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">35 shares </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum order value (single lot) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹14,980 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Maximum order value (13 lots) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹194,740 </td></tr></tbody></table> Only 15% of the IPO will be available to non-institutional investors, with 35% for retail investors and 50% for qualified institutional buyers (QIBs). <cmsannotation type="cmsannotation" annotationid="What does Dodla Dairy do?" comment="subhead" text="What does Dodla Dairy do?">What does Dodla Dairy do?</cmsannotation> Despite the impact of the COVID-19 pandemic, Dodla Dairy reported a profit of ₹74.78 crore for the six months ending September 2020. The strengthening of the cooperative model of cattle farming has helped Dodla’s growth in the milk processing segment. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[<div class="flourish-embed flourish-chart" data-src="visualisation/6401724"></div>]]></cdata></div> Dodla Dairy procures nearly 1.03 million litres of raw milk per day — that is enough to fill up half an Olympic sized swimming pool — within a network of over 1 lakh farmers through 6,771 village level collection centres, 232 dairy farms and third party suppliers. It takes this milk and processes it into packaged milk and other value added products like ghee, butter, curd, paneer, gulab jamun and other items that are targeted at home consumption. Once processed, the second leg of the company’s operations include distribution and marketing across Andhra Pradesh, Karnataka, Tamil Nadu, Telangana and Maharashtra. What many may not know is that the company also has operations in the African countries -- Uganda and Kenya. The company doesn’t have any plans to expand, but will be looking to further strengthen its brand in regions where it already exists. According to the company, its main competitors include Hatsun Agro Products, Heritage Foods, Tirumala Milk Products and Creamline Dairy Products. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit as of 31 March 2020 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dodla Dairy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹49.87 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hatsun Agro Products </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,12.27 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Heritage Foods </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(₹169.4 crore) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Parag Milk Foods </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹93.69 crore </td></tr></tbody></table>

Dodla Dairy's ₹520 crore IPO isn't to expand into new markets but to strengthen its foothold where it already exists

<ul><li>Shares of Krishna Institute of Medical Sciences surged to ₹1,059 from its price band of ₹815-825 per share post listing.</li><li>Hyderabad-based KIMS is one of the largest healthcare groups operating multi-specialty hospitals in Andhra Pradesh and Telangana.</li><li>The company’s shares had been subscribed 3.86 times on the last day of its subscription.</li></ul>Shares of Krishna Institute of Medical Sciences (KIMS) made a strong listing on BSE and NSE today as it opened at 23% premium. Moreover, the healthcare groups’ shares soared to ₹1,059 post listing. The shares of KIMS were trading at ₹978.55 at 10.49 am. KIMS, which is one of the largest healthcare groups, offers a comprehensive range of healthcare services across over 25 specialties and super specialties, including cardiac sciences, oncology, neurosciences, gastric sciences, orthopaedics, organ transplantation, renal sciences and, mother and child care. The grey market had hinted at a premium of ₹110 or at a price of ₹935 over the issue price of ₹815-₹825. However, the grey market is not an official measure of the market premium. The ₹2,144-crore <keyword id="10857125" type="UNKNOWN" weightage="20" keywordseo="KIMS-IPO">KIMS IPO</keyword> was subscribed 3.86 times at a price band of ₹815-825 per share. According to Ventura Securities, KIMS’ strong brand equity, and cluster based expansion in adjacent markets of central India (Indore, Aurangabad, Raipur and Nagpur), Odisha (Bhubaneshwar), Karnataka (Bengaluru and greater Karnataka) and Tamil Nadu (Chennai) will augur well for sustaining high growth with strong profitability. “We expect KIMS to expand the network bed capacity to 3,800 (+1,200 beds) by FY24 through a mix of brownfield and greenfield expansions while incurring a capex of ₹815.8 crore,” the report said. SEE ALSO:<a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/dodla-dairy-ipo-lists-at-38-premium-from-its-price-band-of-rs-421-428-apiece/articleshow/83912182.cms">Shares of milk distributor Dodla Dairy list at 38% premium on exchanges</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/dodla-dairy-ipo-lists-at-38-premium-from-its-price-band-of-rs-421-428-apiece/articleshow/83912182.cms"></a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/travel/news/indians-planning-to-travel-more-as-covid-19-restrictions-relaxed-in-many-states/articleshow/83867486.cms">Indians are making big plans of ‘revenge travel’ as COVID-19 restrictions get lifted in many states</a>

KIMS IPO: Stock listed at over 20% premium, loses initial gains after soaring to ₹1059 per share

Markets were on an uptrend last week and the long awaited and overdue lifetime high on BSESENSEX was finally achieved. BSESENSEX gained 374.71 points or 0.72 per cent to close at 52,474.76 points while NIFTY gained 129.10 points or 0.82 per cent to close at 15,799.35 points. The broader indices saw BSE100, BSE200 and BSE500 gain 0.93 per cent, 1.10 per cent and 1.30 per cent, respectively. BSEMIDCAP gained 1.85 per cent while BSESMALLCAP fared much better gaining 3.52 per cent. The action is certainly in the midcap and smallcap space and is borne out by the number of stocks hitting 52 weeks high on a daily basis. The India Rupee lost 7 paisa and was down 0.10 per cent to close at Rs 73.07 to the US Dollar. Dow Jones began the week with losses for the first three days and managed to recover partially, gaining on the remaining two days but closed with losses of 276.79 points or 0.80 per cent to close at 34,479.60 points. Dow Jones is looking tired after a spectacular rally and one should not get surprised if one sees the same correcting in the coming days ahead. BSESENSEX finally managed to hit a lifetime high and did so on Friday touching 52,641.53 points. This crossed the previous high made on February 16 of 52,516.76 points. Incidentally NIFTY had made a lifetime high on May 28 and it took a fortnight for the BSESENSEX to achieve the same, something which has not happened in a very long time. Trading in shares of DHFL has been suspended with effect from Monday June 14 on account of the resolution plan of the NCLT which has approved and ascribed no value to the shares of DHFL. While the step of suspension is appreciated, something of this nature should have been acted upon much earlier, as many proposals in NCLT have resolution plans where the listed shares have zero value. Once things become clear, such shares should be suspended from trading on the bourses and small investors hard earned money should be preserved. Monsoon has advanced into Mumbai and Maharashtra and the onset was led by a sharp downpour this time. Coinciding with the monsoon arrival, one is also seeing a deluge of primary market issues with four companies tapping the markets in the week beginning June 14. There would be two issues opening on Monday and closing on Wednesday the 16th of June while the remaining two would open on Wednesday the June 16 and close on June 18. Difficult to understand why such a bunching of issues has happened other than the fact that there was a hiatus in primary issuances for the last 10 weeks or so during April-May to mid June. Shyam Metalics and Energy Limited is tapping the capital markets with its primary issue and offer for sale. The issue consists of a fresh issue of Rs 657 crs and an offer for sale of Rs 252 crs in a price band of Rs 303-306. The issue opens on Monday the 14th of June and closes on Wednesday the 16th of June. The company is a steel producer and has capacities to make pellets, sponge iron, billets, TMT Bars and ferro alloys. The total capacity is 5.71 million tons per annum with a saleable steel capacity of 3 mtpa. The same is being expanded over the next three to three and a half years to double at 11.6 mtpa and a saleable steel capacity of 6 mtpa. In this capacity the company would be adding ductile pipes and aluminium foil as well. The company enjoys healthy margins at the EBITDA and PAT levels as compared to its peers. The EBITDA margins for the year ended March 2020 were at 14.5 per cent while they were at 6.5 per cent at the PAT level. In the first nine months ended December 2020, the same EBITDA has improved to 18.2 per cent and PAT to 11.5 per cent. The total income of the company which was at Rs 4,400 crs for the year ended March 2020 have improved to Rs 4,000 crs in the nine months ended December 2020. The EPS for the year ended March 2020 is Rs 14.57. The same has increased significantly to Rs 19.53 for the nine months ended December 20. The price earnings multiple based on March 20 numbers is at Rs 20.80-21 times. The same PE multiple, based on nine months annualised numbers for the year ended March 2021 would be 11.63-11.75. The share is attractively priced and offers appreciation for flippers-, medium- and long-term players as well. The remaining three issues which would be covered during the course of the week are from Sona BLW Precision Forgings Limited which has an issue size of Rs 5,550 crs. The next issue is from Dodla Dairy Limited which has an issue size of Rs 520 crs. The fourth and final issue is from Krishna Institute of Medical Sciences Limited of Rs 2,144 crs. On the Covid-19 front the world saw 17,64,22,387 patients, 38,10,952 deaths and 16,03,96,300 patients recovering. In India we saw 2,94,39,989 patients, 3,70,407 deaths and 2,80,43,446 patients recovering. Compared to the previous week, the world saw 26,95,291 new patients, 74,543 deaths and 37,90,303 patients recovering. In India we saw 6,30,650 new patients, 23,623 deaths and 10,58,665 patients recovering. The number of deaths in India seems much higher than normal because many of the states have corrected their number of deaths for earlier periods. About 25 cr vaccinations have been done in the country so far and hopefully the pace of vaccination would continue to pick up going forward. Coming to the markets in the week ahead, the immediate objective of a lifetime high on the BSESENSEX has been achieved. In the past, one has experienced euphoria once such a feat is achieved. The same is missing this time around. Whether it will happen in the week ahead or will give a miss this time around is unclear. The strategy for investors would be to continue to buy on sharp dips and sell on rallies. Secondly ensure that the quality of stocks one invests in has fundamentals and are not those which consist of just momentum. Markets have not had a correction for a long time and whenever they begin could be long and deep in terms of time and value. Prepare for the same and be nimble footed in the marketplace. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/delhi-unlock-restaurants-to-reopen-with-50-capacity-malls-markets-to-open-daily-says-arvind-kejriwal/articleshow/83479496.cms">Delhi unlock: Restaurants to reopen with 50% capacity; malls, markets to open daily, says Arvind Kejriwal</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/weekly-crypto-roundup-wazirx-under-scrutiny-el-salvador-makes-bitcoin-legal-tender-and-more/slidelist/83478577.cms">Weekly crypto roundup: WazirX under scrutiny, El Salvador makes Bitcoin legal tender and more</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/dodla-dairys-520-crore-ipo-is-set-to-hit-the-market-on-june-16-check-out-all-details/articleshow/83433293.cms">Dodla Dairy's ₹520 crore IPO isn't to expand into new markets, but to strengthen its foothold where it already exists</a>

Sensex has hit a new record but it's not clear if it will trek higher

The key Indian equity indices traded on a negative note on Wednesday with the BSE <keyword id="6484188" type="PERSON" weightage="20" keywordseo="sensex">Sensex</keyword> down over 100 points. Heavy selling was witnessed in metal and power stocks. Around 10.10 a.m., Sensex was trading at 52,645.30, lower by 127.75 points or 0.24 per cent from its previous close of 52,773.05. It opened at 52,782.21 and has so far touched an intra-day high of 52,816.31 and a low of 52,607.61 points. The Nifty50 on the <keyword id="53581" type="COMPANY" weightage="20" keywordseo="NATIONAL-STOCK-EXCHANGE">National Stock Exchange</keyword> was trading at 15,820.25, lower by 49.00 points or 0.31 per cent from its previous close. Manish Hathiramani, technical analyst with <keyword id="1693325" type="COMPANY" weightage="20" keywordseo="Deen-Dayal-Investments">Deen Dayal Investments</keyword> said: "The index seems to be taking a breather this morning. It has resisted at the 15,900 level yesterday but still seems poised to achieve 16,000-16,100." "The current support is at 15,700 and as long as that holds on a closing basis, traders can be rest assured that the trend continues to remain on the upside and any bout of selling or correction can be well utilised to accumulate long positions on the <keyword id="6354813" type="COMPANY" weightage="20" keywordseo="Nifty">Nifty</keyword>." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/kims-ipo-price-gmp-should-you-subscribe/articleshow/83547843.cms">KIMS IPO – most analysts are bullish on the hospital chain’s prospects</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/dodla-dairy-ipo-price-gmp-should-you-subscribe/articleshow/83548332.cms">Dodla Dairy IPO – find out if you should subscribe to this Hyderabad-based dairy company’s stock</a>

Sensex crunches over by 127 points, Nifty trading at 15,820 from its previous close

<keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> on Monday successfully test-fired its new generation nuclear-capable Agni Prime missile from a defence base off <keyword id="928362" type="COMPANY" weightage="20" keywordseo="Odisha-coast">Odisha coast</keyword>, DRDO sources said. The surface-to-surface ballistic missile has a range of 1000 to 2000 km, it said. The sleek missile of the Agni series was test-fired from a mobile launcher off the Abdul Kalam Island in <keyword id="6357961" type="LOCATION" weightage="20" keywordseo="odisha">Odisha</keyword> at 10.55 am, said a DRDO source. Its trajectory was monitored by sophisticated tracking radars along the coast line. The nuclear-capable missile has been designed and developed by the <keyword id="152819" type="COMPANY" weightage="20" keywordseo="Defence-Research-and-Development-Organisation">Defence Research and Development Organisation</keyword> (DRDO). SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/tiger-global-overtakes-sequoia-as-the-top-investor-in-indian-unicorns-in-2021-cracks-15-deals-this-year-so-far/articleshow/83912624.cms">Tiger Global overtakes Sequoia as the top investor in Indian unicorns in 2021, cracks 15 deals this year so far</a> <a href="https://www.businessinsider.in/stock-market/news/kims-ipo-listed-in-stock-market-at-over-20-premium/articleshow/83912694.cms">KIMS IPO: Stock listed at over 20% premium, loses initial gains after soaring to ₹1059 per share</a> <a href="https://www.businessinsider.in/stock-market/news/dodla-dairy-ipo-lists-at-38-premium-from-its-price-band-of-rs-421-428-apiece/articleshow/83912182.cms">Shares of milk distributor Dodla Dairy list at 38% premium on exchanges</a>

India successfully test-fires surface-to-surface nuclear-capable Agni Prime missile with a range of up to 2000 kilometres

As the next version of <keyword id="6354717" type="LOCATION" weightage="20" keywordseo="Windows">Windows</keyword> is expected to be unveiled on June 24, <keyword id="10387" type="COMPANY" weightage="20" keywordseo="Microsoft">Microsoft</keyword> has revealed that it will end <keyword id="6367209" type="UNKNOWN" weightage="20" keywordseo="support">support</keyword> for Windows 10. The company quietly announced the news in a support page update, as spotted by Thurrott. Previously, the page noted when Microsoft would end support for certain versions of Windows 10, reports Engadget. It now states Microsoft started supporting Windows 10 Home and Pro on July 29, 2015 and reveals the operating system's "retirement date". The end-of-support timeline puts the Windows 10 lifecycle at a hair over 10 years, similar to previous iterations of the OS. Microsoft recently cancelled Windows 10X, which was initially going to be for dual-screen devices. It said it would bring some features planned for that OS into the standard version of Windows. "Soon we will share one of the most significant updates to Windows of the past decade to unlock greater economic opportunity for developers and creators," Microsoft CEO <keyword id="276564" type="PERSON" weightage="20" keywordseo="Satya-Nadella">Satya Nadella</keyword> said recently. The executive went on to say he's been personally testing the latest iteration of the OS for the past several months. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/sona-comstar-ipo-price-gmp-should-you-subscribe/articleshow/83505013.cms" style="">Sona Comstar IPO worth ₹5,550 crore opens today – find out if this EV battery player has enough juice for a long ride</a> <a href="https://www.businessinsider.in/business/news/why-dodla-dairy-has-no-plans-to-expand-beyond-southern-india/articleshow/83503817.cms" style="">Here’s why Dodla Dairy has no plans to expand beyond southern India for at least the next two years even with its IPO</a> <a href="https://www.businessinsider.in/stock-market/news/adani-group-under-sebi-scanner-on-market-manipulation/articleshow/83501698.cms">Gautam Adani loses over $7 billion in net worth after questions over the meteoric rise in group stocks</a>

Microsoft to end Windows 10 support in October 2025, new version to be unveiled this month

<keyword id="11441043" type="COMPANY" weightage="20" keywordseo="SimpliContract">SimpliContract</keyword>, an AI and SaaS-based contract lifecycle management (<keyword id="3467940" type="COMPANY" weightage="20" keywordseo="clm">CLM</keyword>) platform, said on Monday it has raised <keyword id="54123" type="COMPANY" weightage="20" keywordseo="USD">USD</keyword> 1.8 million in a <keyword id="948731" type="PERSON" weightage="20" keywordseo="seed-funding">seed funding</keyword> round led by <keyword id="1397792" type="COMPANY" weightage="20" keywordseo="Kalaari-Capital">Kalaari Capital</keyword> with participation from Picus Capital, Arka Ventures, and Digital Sparrow Capital. This funding will drive its efforts in engineering, <keyword id="6019235" type="COMPANY" weightage="20" keywordseo="ai-research">AI research</keyword>, and marketing, the Bengaluru-headquartered company said in a statement. SimpliContract's product supports organisations across the contract lifecycle from request to renewal and enables effective collaboration for internal and external stakeholders such as vendors and customers, it said. The platform, built with customisable and intelligent workflows, seamlessly integrates with enterprise applications and provides actionable insights to users across procurement, sales, and legal functions, the statement said. Partner at Kalaari Capital, <keyword id="154262" type="PERSON" weightage="20" keywordseo="Ravinder-Singh">Ravinder Singh</keyword>, said, "90 per cent of global enterprises and 50 per cent of midsize organisations will have CLM solutions in place by 2023. The Global CLM market is expected to grow from USD 1.5 billion today to USD 5.2 billion by 2027. We believe that the AI- powered CLM platform of SimpliContract will drive and ride this growth." "We are seeing significant interest and adoption in the market within a few months of launch. SimpliContracts AI-driven platform supports over 4,000 enterprise users and manages 30,000-plus contracts worth over USD two billion in value," CEO of SimpliContract, Guru Venkatesan, said. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/sona-comstar-ipo-price-gmp-should-you-subscribe/articleshow/83505013.cms">Sona Comstar IPO worth ₹5,550 crore opens today – find out if this EV battery player has enough juice for a long ride</a> <a href="https://www.businessinsider.in/business/news/why-dodla-dairy-has-no-plans-to-expand-beyond-southern-india/articleshow/83503817.cms">Here’s why Dodla Dairy has no plans to expand beyond southern India for at least the next two years even with its IPO</a>

SaaS startup SimpliContract raises $1.8 million in seed funding led by Kalaari Capital

Bharti <keyword id="15491" type="COMPANY" weightage="20" keywordseo="Airtel">Airtel</keyword> and Ericsson on Monday demonstrated a throughput of over 1 GBPS on the telecom operator's live <keyword id="11446337" type="UNKNOWN" weightage="20" keywordseo="5G-trial-network">5G trial network</keyword> in <keyword id="6361586" type="PERSON" weightage="20" keywordseo="Gurgaon">Gurgaon</keyword>'s Cyber Hub. When contacted, Ericsson confirmed the development. "Bharti Airtel...and Ericsson...today demonstrated a throughput of over 1 GBPS on Bharti's live 5G trial network in Gurgaon's Cyber Hub," Ericsson confirmed. Sources said Airtel has lit up its 5G trial network in Cyber Hub, Gurgaon, and that the site is operating in the 3500 MHz band as per Telecom Department norms, and delivering throughput of over 1 Gbps. To put a perspective, 1GBPS would download a full 4k movie in less than a minute. Airtel has been allotted 5G trial spectrum in 3500 MHz, 28 GHz and 700 MHz in <keyword id="66" type="LOCATION" weightage="20" keywordseo="Delhi">Delhi</keyword> NCR, Mumbai, <keyword id="6354925" type="PERSON" weightage="20" keywordseo="kolkata">Kolkata</keyword> and Bengaluru. It may be recalled that Department of Telecom (<keyword id="16054" type="COMPANY" weightage="20" keywordseo="DoT">DoT</keyword>) had last month allocated spectrum to operators to start 5G trials, in the country. The trials will be conducted at various locations, including Delhi, Mumbai, Kolkata, Bengaluru, Gujarat, Hyderabad, among others, say industry sources. Telecom operators have been allocated spectrum in 700 Mhz bands, 3.3-3.6 gigahertz (Ghz) band and 24.25-28.5 Ghz band across various locations. The trial spectrum allocation came after the Department of Telecom (DoT), on May 4, approved applications from <keyword id="6354504" type="PERSON" weightage="20" keywordseo="reliance-jio">Reliance Jio</keyword>, Bharti Airtel, Vodafone Idea and MTNL for conducting 5G trials without using technologies from Chinese companies. The DoT had approved trials of 5G with Ericsson, Nokia, <keyword id="10591" type="COMPANY" weightage="20" keywordseo="Samsung">Samsung</keyword> and C-DOT. In addition, Reliance Jio Infocomm will be conducting trials using its own indigenous technology. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/sona-comstar-ipo-price-gmp-should-you-subscribe/articleshow/83505013.cms">Sona Comstar IPO worth ₹5,550 crore opens today – find out if this EV battery player has enough juice for a long ride</a> <a href="https://www.businessinsider.in/business/news/why-dodla-dairy-has-no-plans-to-expand-beyond-southern-india/articleshow/83503817.cms">Here’s why Dodla Dairy has no plans to expand beyond southern India for at least the next two years even with its IPO</a> <a href="https://www.businessinsider.in/stock-market/news/adani-group-under-sebi-scanner-on-market-manipulation/articleshow/83501698.cms">Gautam Adani loses over $7 billion in net worth after questions over the meteoric rise in group stocks</a>

Airtel and Ericsson demo over 1 GBPS throughput on live 5G trial network in Gurgaon's Cyber Hub

The <keyword id="6365231" type="COMPANY" weightage="20" keywordseo="all-india-institute-of-medical-sciences">All India Institute of Medical Sciences</keyword> (<keyword id="40458" type="COMPANY" weightage="20" keywordseo="AIIMS">AIIMS</keyword>) is learnt to have started screening of children aged 6-12 years for the clinical trials of <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword>'s first indigenously developed Covid-19 vaccine, <keyword id="149108" type="COMPANY" weightage="20" keywordseo="Bharat-Biotech">Bharat Biotech</keyword>'s <keyword id="9485939" type="PERSON" weightage="20" keywordseo="covaxin">Covaxin</keyword>. Sources said that the recruitment and clinical trials of the children aged 6-12 years will start from Tuesday. The trial on children aged 6-12 has already started at AIIMS Patna. Participants would be given the vaccine after their screening report comes. The trial would ensure if the Bharat Biotech jab is suitable for children. Delhi AIIMS has decided to start the trial drive after the recruitment and <keyword id="122283" type="PERSON" weightage="20" keywordseo="Clinical-trial">clinical trial</keyword> for single-dose Covaxin for 12-18 age group is over. After the recruitment of 6-12 year-old children, AIIMS Delhi will be conducting trials for the age group 2-6 years of children. The trials are taking place at 525 centres. The screening of children for the trial of single-dose Covaxin among those aged between 2 and 18 years started at the AIIMS in <keyword id="6358777" type="LOCATION" weightage="20" keywordseo="New-Delhi">New Delhi</keyword> on June 7 after India's drug regulator had granted permission for conducting the Phase 2 and 3 clinical trials of Covaxin in the age group 2 to 18 years on May 12. AIIMS Patna, Mysore Medical College and Research Institute in Karnataka have also been selected to conduct clinical trials on children. Covaxin is being used on adults in India's ongoing Covid-19 vaccination drive since January 16 this year. The government last week cautioned that even though Covid-19 has not taken a serious shape among children till now, its impact can increase among them if there is a change in virus behaviour or epidemiology dynamics, and said preparations are being strengthened to deal with any such situation. A national expert group has been formed to review Covid-19 infections in children and approach the pandemic in a renewed way to strengthen the nation's preparedness, <keyword id="2665691" type="COMPANY" weightage="20" keywordseo="Niti-Aayog">NITI Aayog</keyword> Member (Health) V.K. Paul had said at a press conference. "The group has examined signs which were not available four-five months before." SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/sona-comstar-ipo-price-gmp-should-you-subscribe/articleshow/83505013.cms">Sona Comstar IPO worth ₹5,550 crore opens today – find out if this EV battery player has enough juice for a long ride</a> <a href="https://www.businessinsider.in/business/news/why-dodla-dairy-has-no-plans-to-expand-beyond-southern-india/articleshow/83503817.cms">Here’s why Dodla Dairy has no plans to expand beyond southern India for at least the next two years even with its IPO</a> <a href="https://www.businessinsider.in/stock-market/news/adani-group-under-sebi-scanner-on-market-manipulation/articleshow/83501698.cms">Gautam Adani loses over $7 billion in net worth after questions over the meteoric rise in group stocks</a>

You Searched For "Dodla Dairy IPO" and got 11 results

Dodla Dairy IPO – find out if you should subscribe to this Hyderabad-based dairy company’s stock

Rounak Jain

Shares of milk distributor Dodla Dairy list at 38% premium on exchanges

Bhakti Makwana

Dodla Dairy's ₹520 crore IPO isn't to expand into new markets but to strengthen its foothold where it already exists

Prabhjote Gill

KIMS IPO: Stock listed at over 20% premium, loses initial gains after soaring to ₹1059 per share

Bhakti Makwana

Sensex has hit a new record but it's not clear if it will trek higher

IANS

Sensex crunches over by 127 points, Nifty trading at 15,820 from its previous close

IANS

India successfully test-fires surface-to-surface nuclear-capable Agni Prime missile with a range of up to 2000 kilometres

PTI

Microsoft to end Windows 10 support in October 2025, new version to be unveiled this month

IANS

SaaS startup SimpliContract raises $1.8 million in seed funding led by Kalaari Capital

PTI

Airtel and Ericsson demo over 1 GBPS throughput on live 5G trial network in Gurgaon's Cyber Hub

PTI

AIIMS Delhi to start clinical trial of Covaxin on children aged 6-12 years from Tuesday

IANS

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