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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'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>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 <keyword id="30447" type="ORGANIZATION" weightage="20" keywordseo="plans">plans</keyword> to open up ₹520 crore its initial public offering (IPO) for subscription on June 16.</li><li>The new funds won't be going towards expansion but towards cementing Dodla's brand in the five states where is already exists. </li><li>The company is open to acquisitions, small and big, depending on the value that they provide. </li></ul> Dodla Dairy plans to go public this month with an initial public offering (IPO) of ₹520 crore. However, it has no plans to expand beyond the five southern states it already operates in, for at least the next two years. <div type="ExtQuote" text="“We don’t want to be present in splotches, we want to be properly present in all places.”" auname="Sunil Reddy, the managing director of Dodla Dairy, told Business Insider."></div> When the Hyderabad-based company first started out in Nellore, the first market it explored was Chennai. Once it was able to establish itself in Chennai, it went to Chittoor. Not only was Chittoor adjoining Chennai, but the company was also able to cater to Bangalore as its market from there. “We still have gaps in <keyword id="57743" type="COMPANY" weightage="20" keywordseo="Southern-India">southern India</keyword> in the short term. For example, Maharashtra as a state is a gap for us. Karnataka is a gap for us. Down south of Tamil Nadu with Coimbatore and Tuticorin — that is a gap for us,” Sunil Reddy, the managing director of Dodla Dairy, told Business Insider in an interview. Rather than expand into new territory and take on risk, the dairy company wants to strengthen its foothold in areas where it is already building its customer base. This includes Maharashtra, Tamil Nadu, Karnataka, Andhra Pradesh and Telangana. “We want to fill these gaps, increase our product mix portfolio, move up our value adds, and be more present in distribution stores — that is our immediate future focus,” explained Reddy. And, according to him, this journey will take Dodla another two to three years and increase the company’s value by 15%. <cmsannotation type="cmsannotation" annotationid="Why is expansion not an option?" comment="subhead" text="Why is expansion not an option?">Why is expansion not an option?</cmsannotation> Milk is a perishable product, which means distance is a key variable. ‘I cannot buy milk out of Tamil Nadu and sell it to north India. It is not worth it, economically, for me. Nor can I do it the other way around,” said Reddy. The process that Dodla follows right now is to set up a plant, procure workers, and penetrate the nearest market and local markets. “Once that is saturated we add another 200 kilometres or another 500 kilometres of territory,” explained Reddy. Right now, the company has a processing capacity of 1.7 million litres per day (MLPD). And utilisation is around 1.2 million MLPD — around 70%. So, the focus is more on procurement and marketing rather than building up capacity. That being said, the company claims it's always on the lookout for acquisitions. “Larger acquisition or smaller, we don’t mind. That is the strength we have because we’ve grown as a greenfield company from the beginning. We can acquire even a 50,000 MLPD dairy or a 500,000 MLPD dairy if it’s adding the right value,” said Reddy. The IPO consists of a fresh issuance of shares worth ₹50 crore and offer for sale (OFS) of ₹470 crore when subscription opens on June 16, within a price band of ₹421 to ₹428 per share. The dairy company plans to use ₹32.26 crore to repay loans and ₹7.15 crore for its working capital requirements. SEE ALSO: <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> <a href="https://www.businessinsider.in/science/news/earth-now-has-a-5th-ocean-according-to-national-geographic-which-upgraded-the-status-of-the-waters-around-antarctica/articleshow/83399057.cms">Earth now has a 5th ocean, according to National Geographic, which upgraded the status of the waters around Antarctica</a>

Here’s why Dodla Dairy has no plans to expand beyond southern India for at least the next two years even with its IPO

<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

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="10591" type="COMPANY" weightage="20" keywordseo="Samsung">Samsung</keyword> is likely to unveil its new foldable smartphone in August, industry insiders said on Tuesday, amid its push to popularise the foldable category. The South Korean tech giant is expected to hold its Galaxy Unpacked online event in early August to introduce the Galaxy Z Fold3 and the Galaxy Z Flip3 before officially launching those products later that month, according to the sources. Foreign tech reviewers have predicted that the event may take place on August 3, but the sources said it is expected to be held later than that date. At the event, Samsung, the world's largest smartphone vendor, is also likely to unveil the Galaxy Watch4 smartwatch and the Galaxy Buds 2 wireless earbuds. However, the sources said the <keyword id="9181434" type="COMPANY" weightage="20" keywordseo="galaxy-s21">Galaxy S21</keyword> FE smartphone will not be introduced at the event, reports <keyword id="197034" type="LOCATION" weightage="20" keywordseo="Yonhap">Yonhap</keyword> news agency. The Galaxy S21 FE is the budget edition of the Galaxy S21 flagship smartphone released in January. The product is expected to be launched in September or October as Samsung apparently wants to focus on promoting foldable devices in the summer, according to the sources. Nothing has been confirmed about Samsung's upcoming foldable smartphones, but tech reviewers predicted that the Galaxy Z Fold3 will feature an under display camera and support the S-Pen stylus. Its next clamshell foldable Galaxy Z Flip3 is expected to have a bigger outer display. Both foldable products are expected to have a lighter weight with a cheaper price than their predecessors. The Galaxy Watch4 smartwatch is expected to be powered by <keyword id="6355629" type="COMPANY" weightage="20" keywordseo="google">Google</keyword>'s Wear OS. Samsung previously announced it will develop a unified smartwatch platform with Google. The Galaxy Buds 2 is predicted to be budget wireless earbuds without an active noise control option. SEE ALSO: <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> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/section-144-extended-in-bengaluru-till-june-21-railway-stations-bus-stands-airports-exempted-from-the-order/articleshow/83534002.cms">Section 144 extended in Bengaluru till June 21 — railway stations, bus stands, airports exempted from the order</a>

Samsung may unveil its new foldable smartphone in August

<ul><li>Spencer's is trailing behind <keyword id="964794" type="COMPANY" weightage="20" keywordseo="BigBasket">BigBasket</keyword> in terms of revenue, despite its heavy offline presence.</li><li>Revenue of Spencer’s was 30% less than online grocery delivery startup BigBasket in the financial year 2020.</li><li>BigBasket may record its best financial performance in 2021, whereas Spencer’s has reported a decrease in sales.</li></ul>The year 2020 has been a game changer for India Inc. in many aspects. From shopping to working, everything has taken a digital spin and the debate of ‘online vs offline’ has been getting much stronger. Thirty two-year old Spencer’s Retail, one of the prominent retail chains in India ⁠— owned by RP Sanjiv Goenka group ⁠— reported its annual financial report and it was a fairly decent one. The business was surely affected by the Covid-induced lockdown in the first quarter of fiscal year 2021 (FY21), but was flourishing the rest of the year. Yet, its revenue dipped 7% to ₹2,481 crore and losses widened to ₹163.8 crore. This really got us wondering how the company fares in comparison to other players in the grocery segment -- both online and offline. Online grocers are cumulatively the third largest player in the market behind DMart and <keyword id="58448" type="COMPANY" weightage="20" keywordseo="Reliance-Retail">Reliance Retail</keyword>, according to a report dated June 4 from the broking firm Motilal Oswal. BigBasket is the biggest of that lot. What’s more shocking is the fact that BigBasket, just 10 years old in the market, earns more revenue than Spencer’s. The comparison between BigBasket and Spencer’s may be of apples and oranges, but it is definitely an interesting one. The three-decade-old Spencer’s, which has a strong presence across 191 stores across 42 cities, earned almost 30% less than a decade-old online grocery business BigBasket in FY20. A scan of the last three financial statements (between FY18 to FY20) of the companies, revealed that this gap in revenue is not a new one. This trend is expected to be carried forward in FY21 as well, especially with the sort of growth BigBasket has witnessed last year. Being the biggest player in the online grocery space, the company has doubled its daily deliveries to 3 lakh compared to pre-Covid days. The company claims to have clocked a gross sale of ₹8,000 crore ($1.1 billion) in FY21. Though BigBasket is yet to report its financial statement for FY21, Business Insider has mailed the company seeking more details of their financial performance. It is expected to be the strongest one yet at least in terms of the revenue growth. No wonder, Tata Group was <a href="https://www.businessinsider.in/business/startups/news/tata-tryst-with-e-grocery-starts-with-a-billion-dollar-acquisition-of-bigbasket-heres-why-it-could-be-a-sweet-deal-for-both/articleshow/81478849.cms">compelled</a> to acquire BigBasket in order to pursue its Super App dreams. Spencer’s, on the other hand, has reported receding revenue and widening loss during FY21. Though the company did test out a hybrid model by experimenting with online delivery in partnership with Dunzo and Uber last year, that doesn’t seem to have made much of a difference for the company either. Its revenue from sales (operating revenue) reported a 7% dip to ₹2,428 crore compared to ₹2,644.80 crore reported in FY20. Well, BigBasket is actually much worse than Spencer’s in terms of its losses. The company had been burning cash ever since its inception in 2011 and is nowhere close to profitability. Whereas, Spencer’s had hit profitability in FY19, but went back to reporting a loss soon after. According to stock broking house Motilal Oswal’s latest report on the retail segment, the online grocery segment has grown about 30 times over the last seven to eight years to reach $3 billion. Currently, India has about 154 million transacting households. Of which, 130 million are already using online grocery solutions, creating an addressable market of $293 billion. Historically, the e-grocery segment has garnered a single-digit share of the overall organised grocery market in India, but 2020 brought these online grocery solutions to the forefront as stepping out of the house was no less than a health hazard, due to the pandemic. Not only Spencer’s, but other traditional retail players like DMart and BigBazaar were compelled to take up an omnichannel approach and started taking online mode of ordering in partnerships with logistics and transportation players like Uber, Ola, Dunzo, Rapido and more. Besides this, Reliance’s JioMart expanded its presence from three cities to 200 cities in May 2020 in order to take a<a href="https://www.businessinsider.in/business/ecommerce/news/heres-what-gives-jiomart-an-edge-over-its-competitors-according-to-goldman-sachs/articleshow/79054698.cms"> bigger share</a> of the market. 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 subscription date" and got 8 results

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

Rounak Jain

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

Prabhjote Gill

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

Bhakti Makwana

Here’s why Dodla Dairy has no plans to expand beyond southern India for at least the next two years even with its IPO

Prabhjote Gill

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

Bhakti Makwana

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

IANS

Samsung may unveil its new foldable smartphone in August

IANS

Did you know? BigBasket makes more revenue than 32-year old Spencer’s Retail

Kritti Bhalla

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