Dodla Dairy Shares End At Over 42% Premium On Stock Market Debut
Jun 28 2021, 3:51 PM
June 28 2021, 10:11 AM
June 28 2021, 3:51 PM
Shares of Dodla Dairy Ltd. surged on market debut after investors piled into the initial public offer of the curd to milk-based sweets maker.The stock listed at Rs 528 apiece, a 23% premium to its issue price of Rs 428, according to exchange data. It saw an intraday high of Rs 652 (or 52%) thereafter. It ended its first day of trading at Rs 609.90, up 42.5%. That compares with the Nifty 50âs and Sensexâs 0.29% and 0.36% fall, respect.
Shares of Dodla Dairy Ltd. surged on market debut after investors piled into the initial public offer of the curd to milk-based sweets maker.
December 24, 2020
Specialty chemicals manufacturer to use the proceeds for repayment of debt
Surat-based specialty chemicals player Anupam Rasayan Ltd on Thursday announced the filing of draft red-herring prospectus (DRHP) with market regulator SEBI to raise ₹760 crore through an IPO.
The company will use the issue proceeds for repayment of debt. It may consider a discount for staffers bidding for the employee reservation portion of the issue, an official statement said.
Axis Capital, Ambit, IIFL Securities and JM Financial have been appointed as the bankers to the issue. Anupam’s revenues grew at a CAGR of 24.29 per cent from FY18 to FY20 and its EBITDA for FY20 stood at ₹134.90 crore. Half-yearly revenues (April-September) grew 51.51%, from ₹234.40 crore to ₹355.12 crore on a year-on-year basis, despite the Covid-19 pandemic.