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At 10:30 am, Dodla Dairy shares were trading up Rs 176.85, or 41.31 per cent on BSEDodla Dairy has actually made a strong launching on the bourses.
The shares of the South India-based integrated dairy company noted at Rs 528 on the BSE, a premium of 23.36 percent compared to the issue cost of Rs 428.
And on the NSE, the shares opened at a premium of 28.50 percent at Rs 550.
At 10:30 am, Dodla Dairy shares were trading at Rs 608.85, up Rs 176.85, or 41.31 percent on the BSE and a Rs 605.45, up Rs 177.50 or 41.62 per cent on the NSE.Dodla Dairy's Rs 520 crore IPO included a fresh problem of Rs 50 crore and an offer for sale of 1,09,85,444 shares.
The shares were used in the rate band of Rs 421-428 per share.The public issue was subscribed 45.61 times.
The IPO received quotes for 38,80,64,950 shares against 85,07,569 shares available.
The qualified institutional buyers classification was subscribed 84.88 times, non-institutional investors 73.26 times and retail investors segment, 11.33 times.Ahead of the IPO, the company raised Rs 156 crore from anchor investors.Dodla Dairy will make use of the IPO continues to repay debt and to meet capital investment requirements.Dodla Dairy is headquartered in Hyderabad.
It operates in Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra, with Dodla Dairy, Dodla and KC+ brand names, and in Uganda and Kenya under the trademark name Dodla Dairy, Dairy Top and Dodla+.
Axis Capital and ICICI Securities are the book-running lead supervisors to the public issue, whereas KFintech is the registrar.
Business
Dodla Dairy Makes A Strong Launching; Lists At 28% Premium On NSE
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