Business Standard

Dodla Dairy IPO subscribed 3.3 times on Day-2; KIMS offer mops up 56%

Both IPOs close on Friday (tomorrow)

Initial public offerings, IPOs, stock market, investors
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Illustration: Binay Sinha

BS Reporter Mumbai
The initial public offer (IPO) of Dodla Dairy was subscribed 3.3 times on Thursday, the second day of the issue. As of 5 pm on Thursday, the institutional portion was subscribed 28 per cent, the wealthy investor portion was subscribed 60 per cent, and the retail portion, six times. Dodla Dairy has priced its IPO between Rs 421-428 per share. At the upper band, the company could raise to Rs 520 crore. The firm intends to utilise the proceeds of the fresh issue to repay its debts and fund capital expenditure.

The IPO of hospital chain Krishna Institute of Medical

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