Shares of Dodla Dairy were trading at Rs 573.40 at 10:10 IST on the BSE, a premium of 33.88% over the initial public offer price of Rs 428.The stock was listed at Rs 528, a premium of 23.36% to the initial public offer (IPO) price. So far the stock hit a high of Rs 588.95 and low of 528. On the BSE, 6.31 lakh shares were traded on the counter so far.
The IPO of Dodla Dairy opened for bidding on Wednesday, 16 June 2021, and closed on Friday, 18 June 2021. The price band for the IPO was set at Rs 421-428 per share.
The issue received bids for 38.80 crore shares as against 85.07 lakh shares on offer, according to the stock exchange data. The issue was subscribed 45.62 times. The qualified institutional buyers (QIBs) category was subscribed 84.88 times. The non-institutional investors category was subscribed 73.26 times. The retail individual investors category was subscribed 11.34 times.
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