December 3, 2022

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Dodla Dairy and KIMS (Krishna Institute of Medical Sciences) Hospitals will begin trading on 28th June 2021. It will join the market during the last listings of 2021’s first half.

Dodla Dairy is a dairy company in South India. Experts estimate that it will list over 15 to 25 percent of the original issue price of IRS 428 depending on the response of investors to the public offer. Meanwhile, KIMS is estimated to list at 10 to 25 percent of the original IPO price. The current value is IRS 825 per share.

Dodla Dairy made a public offer of IRS 520 which closed on 18th June after the company had been subscribed around 45.62 times. The company released another issue worth IRS 50 crore. It had a further offer of IRS 470 crore by selling the shareholders. Debt will be paid and the capital expenditure requirements will be met with the net proceeds of the new issue.

As a good response from investors was observed with Dodla Dairy’s listing, it is expected that it will list at about IRS 510. This is about 19% more than the estimated price of the IPO at IRS 428.

Dodla Dairy is the world’s 3rd largest milk procurement company. It produced 1.03 million liters of milk per day.

Meanwhile, KIMS Hospitals were subscribed 3.86 times after its listing. At an IPO of IRS 2,144 crore, it is one of the largest healthcare groups in India. The final offer price of the IPO is set at IRS 825 per equity share.

The issue of KIMS is estimated to bring a 20 to 25 percent premium to investors on the current fixed price. The future of the listing seems upbeat as Shyam Metalics and Sona Comstar did better than what was expected.

The KIMS IPO is predicted to list at EV/EBITDA at around twenty times which will bring the value per share to IRS 900 and IRS 950.

There are around nine multi-specialty hospitals of KIMS that have a bed capacity of 3,064 which includes around 2,500 operational beds.

As per the IPO Watch data, the KIMS shares were available in the grey market for trade at a price of IRS 935. On the other hand, at the premium trade, the value per share was IRS 110.


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