The IPOs of South India-based dairy company Dodla Dairy and Krishna Institute of Medical Sciences (KIMS), the largest corporate healthcare group in Andhra Pradesh and Telangana, have received a good response from retail investors. Investors heavily subscribed to the IPO of Dodla Dairy on the second day of the opening of the public issue of these two companies today.
Dodla Dairy’s IPO on the second day where subscribed 3.3 times its issue size. At the same time, the IPO of KIMS was 56% subscribed till 5 pm today. Dodla Dairy had issued 85,07,569 equity shares in this IPO, but the company has so far received bids for 2,80,50,960 equity shares.
The reserve portion for Qualified Institutional Buyers (QIPs) was subscribed 28%, while it was subscribed 60% by non-institutional investors. This IPO was subscribed by the maximum number of retail investors 6.18 times. The company will raise Rs 520 crore through this IPO. For this the issue price of the share has been kept in the price band of Rs 421-428.
At the same time, the IPO of hospital chain Krishna Institute of Medical Science (KIMS) was subscribed 56% till its second day of subscription. The company has brought this IPO to raise Rs 2144 crore. KIMS had issued 1,44,13,073 for this IPO but it has so far received bids for 80,52,048 equity shares.
The reserve portion for Qualified Institutional Buyers (QIPs) subscribed 32% in the KIMS IPO, while it was subscribed by 9% by non-institutional investors. This IPO has been subscribed by 1.95 times the maximum number of retail investors.
while. The reserve portion for the company’s staff was subscribed 66%. The price band of this IPO is between Rs 815 to Rs 825. While the hospital staff has been given a discount of Rs 40 per share in the issue price. The lot size of this IPO is 18 shares.
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