Volatility in Grey market continues for Dodla Dairy and KIMS ahead of the 2nd day of subscription By Mr. Yash Gupta, Angel Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are Quote on Volatility in Grey market continues for Dodla Dairy and KIMS ahead of the 2nd day of subscription by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
We have seen a very strong subscription for Shyam Metalics, at the end of 3rd day where the IPO got oversubscribed by 121 times and retail quota got oversubscribed by 11.64 times. On day 1 of IPO Dodla Dairy and KIMS already got full subscription along with very good response from the retail participation. As per various sources, volatility in grey market premiums continues and the GMP for KIMS has doubled while the GMP for Dodla Dairy premium has come down by more than 40%.
We have a Subscribe rating on both the IPOs and we expect a good listing gain in both the IPOs. Looking at the valuations of KIMS along with its growth trajectory, long term investors can also apply for the KIMS IPO.
Above views are of the author and not of the website kindly read disclaimer
Tag News
On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
