Strong debut by Dodla and KIMS, gain 42% and 21% respectively at close

While the Dodla IPO was subscribed 45x, that of Krishna Institute was subscribed 3.8x

Dodla Dairy and Krishna Institute of Medical Sciences (KIMS) made a strong debut on Monday. The shares of Dodla Dairy got listed at Rs 528, a 23 per cent premium to the issue price. The stock gained another 15 per cent on Monday and closed the session at Rs 609, a 42 per cent premium to its issue price. Post listing, the company commands a market capitalisation of Rs 3,624 crore.

The initial public offer (IPO) of Dodla Dairy garnered an enthusiastic response; the IPO was subscribed 45 times. The institutional portion was subscribed 85 times, the wealthy investor portion