KIMS) made a strong debut on Monday, as the stock got listed at Rs 1008.90 on BSE, a 22.29 per cent premium over its issue price of Rs 825. On NSE, the scrip debuted at Rs 1,009, up 22.30 per cent from issue price.
Seasoned investor Ashish Kacholia, known for his ability to pick quality midcap and smallcap, had placed an application for over two million shares worth about Rs 180 crore in the initial public offering. The Rs 2,144 crore IPO was sold between June 16 and 18. It received bids for 5,56,55,046 shares compared with 1,44,13,073 shares on offer. The quota reserved for qualified institutional buyers(QIBs) was subscribed 5.26 times, the one for non-institutional investors received 1.89 times bids while the quota reserved for retail individual investors (RIIs) was subscribed to 2.89 times.
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