Dodla Dairy IPO GMP: After getting oversubscribed for 45.62 times, there is another god news for the company promoters as the Dodla Dairy share price in the grey market is available today at a premium of ₹90 — ₹10 above its yesterday grey market price.
But, one should not look at the GMP of a public issue as clear trend for the listing gains as it keeps on changing from day to day and people involved in this market includes those who have stake in the IPO.
Speaking on what financials of the company speaks Saurabh Joshi Research Analyst at Marwadi Shares and Finance Ltd said, “We recommend to subscribe Dadla Dairy IPO as the company is one of the largest dairy company in the branded consumer market with a strong distribution network.
So, on the basis of above-experts’ views, rise in Dodla Dairy IPO GMP is a sentimental morale booster for the promoters of the company.