First day of listing: KIMS Hospital fails to maintain shine, Dodla Dairy continues winning streak

On its debut listing, Krishna Institute of Medical Sciences (KIMS) Hospital shares failed to maintain the shine, as stock fell by almost six per cent to Rs 950 per share on the BSE intraday today. The issue was listed over 25 per cent higher premium to Rs 1034.75 per share early today.

The stock ended negative by over one per cent to Rs 995.9 per share, which is near day’s low level. It traded with a volume of 1.33 crore equity shares on the NSE and 6.19 lakh shares on the BSE.

KIMS Hospital began its journey on exchanges by surging to Rs 1,008.90 on the BSE against issue price of Rs 815-825 apiece, while it jumped to Rs 1,009 on the National Stock Exchange.

The hospital chain raised Rs 2,144 crore from investors during June 16-18, 2021, which comprised a fresh issue of Rs 200 crore and an offer for sale of up to Rs 1,944 crore.

While on the other hand, Dodla Dairy, who also debuted today on the zoomed over 19 per cent to Rs 633 per share on the BSE intraday today, while it ended over 15 per cent higher to Rs 609.1 per share on the BSE as compared to its listing at Rs 528 per share today.

Dodla Dairy got listed with a surge of over 33 per cent to Rs 573.10 per share on BSE and Rs 572.55 per share on NSE, while KMIS Hospital jumped over 25 per cent to Rs 1034.75 apiece on BSE and 1036.20 a share of BSE at listing today.

Both the company’s initial public offering was opened between 16 to 18 June, wherein Dodla was subscribed over 46 times, while KIMS marginally at 4 times. 

The issue size for Dodla was at Rs 510.18 crore with a price range of Rs 421-428 per share, while for KIMS it was Rs 2143.74 crore and price range of Rs 815-825 per share.