The retail investors(RIIs) segment of Dodla Dairy was subscribed 11.33 times while the qualified Institutional Buyers(QIBs) category was subscribed 84.88 times, and non-institutional investors 73.26 times.
Dodla Dairy IPO comprised a fresh issue of ₹50 crores and a suggestion purchasable of 1,09,85,444 equity shares. The share offering was during a price range of ₹421-428 per share. before the IPO, Dodla Dairy had raised ₹156 crores from anchor investors.
The proceeds from the difficulty are going to be used for payment of certain borrowings, funding cost requirements of the corporate, and for general corporate purposes.
The dairy company’s operations in India are primarily across four states — Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu. Its international operations are based in Uganda and Kenya. ICICI Securities and Axis Capital were the managers of the offer.
The ₹2,144-crore IPO of KIMS or Krishna Institute of Medical Sciences was subscribed 3.86 times. before the IPO, it had mobilized over ₹950 crores from anchor investors. The portion meant for Qualified Institutional Buyers(QIBs) was subscribed 5.26 times, non-institutional investors 1.89 times, and retail individual investors(RIIs) 2.89 times. the worth range for the offer was at ₹815-825 per share.
KIMS is one of the most important corporate healthcare groups in Andhra Pradesh and Telangana in terms of the number of patients treated and the coverings offered.