Stocks such as Sula Vineyards, AIA Engineering, Dodla Dairy, Raymond and Happiest Mind Technologies have seen fresh interest from the various domestic and global brokerage firms, who have recently initiated their coverage on them.
Dodla Dairy, a leading dairy company in south India, on Friday said it has fixed a price band of Rs 421-428 a share for its Rs 520-crore initial share-sale, which will open for public subscription on June 16.
The grey market, or the unofficial market for trading in unlisted shares, is pricing each of these IPOs based on what value they may leave on the table for investors.