Dodla Dairy, KIMS IPO Subscription Updates: Day 2

Dodla Dairy Ltd.'s milk powder plant at Nellore. (Source: Company website)

Dodla Dairy, KIMS IPO Subscription Updates: Day 2

Retail investors continued to lead subscription in the initial public offerings of Dodla Dairy Ltd. and Krishna Institute of Medical Sciences Ltd. on the second day of the issues.

While the overall response for KIMS’ IPO was muted, Dodla Dairy witnessed a healthy investor interest. Both the initial share sales close on June 18.

The IPOs are among the four issues this week—after Sona Comstar Ltd. and Shyam Metalics Ltd.

Krishna Institute of Medical Sciences IPO: Day 2

General Atlantic-backed hospital chain KIMS was subscribed 0.56 times as of 5 p.m. on June 17, according to exchange data.

KIMS has set the price band of its shares at Rs 815-825 apiece. The company plans to raise up to Rs 2,144 crore in its initial share sale.

Also read: KIMS IPO: All You Need To Know

Subscription Details

  • Institutional subscription: 0.32 times.
  • Non-institutional investor subscription: 0.09 times.
  • Retail subscription: 1.95 times.
  • Employees: 0.66 times.

Dodla Dairy IPO: Day 2

The issue was subscribed 3.30 times as of 5 p.m. on June 17. Dodla Dairy is selling shares at Rs 421-428 in its Rs 520-crore IPO.

The maiden offer comprises a fresh issue worth up to Rs 50 crore and an offer-for-sale of up to 1.09 crore equity shares by promoters and private equity investors such as TPG, according to its red herring prospectus.

Also read: Dodla Dairy IPO: All You Need To Know

Subscription Details:

  • Institutional subscription: 0.28 times.
  • Non-institutional investor subscription: 0.60 times.
  • Retail subscription: 6.18 times.
  • Employees: 0.00 times.
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