Dodla Dairy's shares made a market debut at ₹550 per share on the NSE, up by 28.5% from the issue price of ₹428 apiece. The firm's IPO, worth ₹520 crore, was subscribed 45.61 times. Dodla Dairy, which had raised ₹156 crore from anchor investors ahead of its IPO, had a market capitalisation of over ₹3,000 crore upon listing.