India's Dodla Dairy, KIMS make strong market debuts

Krishna Institute of Medical Sciences

28/06/2021 08:23

** Shares of Dodla Dairy  DODL.NS  and Krishna Institute of
Medical Sciences (KIMS)  KRII.NS  gain on market debut
    ** Dodla Dairy, which procures, processes and sells milk and
milk products, rose as much as 51.40% to 648 rupees vs issue
price of 428 rupees
    ** DODL offering subscribed 45.6 times at the end of the
subscription period
    ** KIMS, which provides medical and healthcare services,
rose as much as 28.4% to 1,059 rupees vs issue price of 825
rupees
    ** KIMS issue was subscribed 3.9 times
    ** Dodla's issue was reasonably priced versus its peers,
which also led to strong interest in the counter apart from its
presence in niche space - Motilal Oswal
    ** KIMS has achieved healthy profitability in both tier I
and tier II, III markets delivering quality healthcare services
at affordable prices, which, in turn, drives patient volumes -
ICICI Securities said in pre-IPO note
    ** Both companies make their debut in a slightly tepid
Mumbai market; benchmark Nifty 50 index down 0.22% by 0704 GMT

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))