Dodla Dairy, KIMS Hospitals make bumper debut; know what Anil Singhvi has to say on LISTING GAINS, strategies for these shares
Dodla Dairy and Krishna Institute of Medical Sciences (KIMS) surged over 30 and 25 per cent respectively on their debut on the exchanges today. The listing of both the issues was almost in line with Zee Business Managing Editor Anil Singhvi’s expectations ahead of both the companies listing early morning.
The market guru had expected the Dodla Dairy would list with a big range at Rs 475-525 per share and KIMS Hospital would see a marginal but upside growth of 10-15 per cent to Rs 925-950 apiece today.
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Dodla Dairy got listed with a surge of over 33 per cent to Rs 573.10 per share on BSE and Rs 572.55 per share on NSE, while KMIS Hospital jumped over 25 per cent to Rs 1034.75 apiece on BSE and 1036.20 a share of BSE at listing today.
Both the company’s initial public offering was opened between 16 to 18 June, wherein Dodla was subscribed over 46 times, while KIMS marginally at 4 times.
- Dodla Dairy इश्यू प्राइस ₹428 के मुकाबले NSE पर ₹550 और BSE पर ₹528 पर लिस्ट
— Zee Business (@ZeeBusiness) June 28, 2021
The issue size for Dodla was at Rs 510.18 crore with a price range of Rs 421-428 per share, while for KIMS it was Rs 2143.74 crore and price range of Rs 815-825 per share.
Earlier before the market open, Zee Business Managing Editor Anil Singhvi in a special edition of Editor’s Take had recommended to Buy both the issue at dip and hold for a long-term view, as he has been reiterating it since the launch of the IPO of both the companies.
The market guru had set a stop loss for Dodla at IPO price of Rs 428 apiece and the same for KIMs at an IPO price of Rs 825 a share.
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