Dodla Dairy, KIMS Hospitals begin trading on June 28, will they see strong listing gains?

Experts expect Dodla Dairy, an integrated dairy company in South India, to list with 15-25 percent over the issue price of Rs 428 given the reasonable pricing and healthy investor response to the public offer.

However, in general, dairy stocks have not rewarded the investors much or have not exhibited extraordinary results in the long run,” Gaurav Garg, Head of Research at CapitalVia Global Research told Moneycontrol.

“Decent listing gain seems to be justified as the issue was well priced with attractive valuation when compared to other listed dairy peers and given the healthy prospects of the dairy sector going forward.

The Rs 2,144-crore IPO of KIMS Hospitals, one of the largest corporate healthcare groups in Andhra Pradesh and Telangana in terms of number of patients treated and treatments offered, was subscribed 3.86 times between June 16 and 18.

“Considering soft investors’ response to KIMS IPO, allotted investors can expect 7-10 percent premium on the listing.

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