InvestorQ : How were the IPO listings of Dodla Dairy and KIMS and what do you suggest I should do at this point of time with these IPOs?
indhumathi Sayani made post

How were the IPO listings of Dodla Dairy and KIMS and what do you suggest I should do at this point of time with these IPOs?

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3 months ago
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A week after the robust IPO listings of Shyam Metalics and Sona BLW, the IPO saga continued on Monday 28 June. On Monday, Dodla Dairy listed at a hefty premium of 28% but extended gains and closed the day with listing gains of 48% on 28 June. KIMS, the Telangana based healthcare service provider, debuted on 28 June at a 22% premium.

However, post listing, KIMS gave up 10% from higher levels on profit booking although it still closed at a premium to the issue price. Experts have been suggesting openly to book profits in these IPOs after the stellar listing and they are largely justified. Short term returns would typically create pressure from funded applications and you need to be cautious of that.

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