Dodla Dairy made a strong debut on the bourses on Monday, with the stock getting listed at Rs 550, a 28 per cent premium over its initial public offer (IPO) issue price of Rs 428 per share on the National Stock Exchange (NSE). The stock opened at Rs 528 on the BSE, up 23 per cent. It extended gains to Rs 588.95, a premium of 38 per cent over its issue price.
At 10:01 am, shares of Dodla Dairy were trading at a premium of 35 per cent over the issue price at Rs 575 on the BSE and NSE. A combined 5.1 million shares had changed hands on the counter on the NSE and BSE at the time of writing this report.