The IPOs launched so far this year have received good response from investors. IPOs are being launched almost every week at this time. On Wednesday (June 16, 2021), the IPO of Krishna Institute of Medical Sciences and Dodla Dairy is also open for subscription. The IPO of Krishna Institute of Medical Sciences (KIMS) is worth Rs 2,143 crore, while that of Dodla Dairy. The IPO is worth Rs 520 crore.
Krishna Institute of Medical Sciences
The price band of this IPO of Rs 2143 crore has been kept at Rs 815-825. The anchor investors of the IPO will bid for it on June 15, 2021. The subscription to the issue will close on June 18. In this IPO, new equity shares of Rs 200 crore will be issued while 2.35 crore shares will be issued under the offer for sale by its existing promoters and shareholders. Investors can apply for 18 shares and shares in multiple lots. 75% of the shares (1,592.81 crore shares) of the IPO are reserved for Qualified Institution Buyers (QIBs). 15% is reserved for non-institutional buyers. Ten percent is reserved for retail investors. Equity shares of Rs 20 crore have been kept reserved for employees. They will be given a discount of Rs 40 per share. Krishna Institute of Medical Sciences Kurnool Private Limited (KHPL) runs a multi-specialty hospital in Kurnool (Andhra Pradesh). This hospital is of 200 beds. All its beds were operational till 31 March 2021.
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Dodla Dairy’s IPO is worth Rs 520 crore. Its price band is Rs 421-428 per share. The issue is opening on 16 June 2021 and will close on 18 June 2021. The issue consists of fresh equity shares of Rs 50 crore and an offer for value of 1.09 crore shares. On Tuesday, shares of Dodla Dairy were trading at Rs 130 to 135 more than their IPO price in the gray market. Its shares were trading at Rs 563. This is 31.54 percent more than the price of the primary market. Dodla Dairy is an integrated dairy company of South India. The company earns from the sale of products like milk, curd, ghee, paneer.