Now Reading: Milky Mist Dairy IPO allotment likely today; GMP at Rs 29
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Milky Mist Dairy IPO allotment likely today; GMP at Rs 29
The allotment for Milky Mist Dairy Food's IPO is expected to be finalised on Friday, August 14, after the issue was subscribed 56.12 times. Shares are commanding a grey market premium of…
The Story in Brief
The allotment for Milky Mist Dairy Food's IPO is expected to be finalised on Friday, August 14, after the issue was subscribed 56.12 times. Shares are commanding a grey market premium of Rs 29, signalling a 21% listing gain over the price band of Rs 140. Bidding closed on August 13, and under the T+3 rule, listing must happen by August 18. The qualified institutional buyers portion was subscribed 155.83 times, non-institutional investors 34.91 times, and retail investors 8.41 times. Investors can check allotment status on the BSE website or through registrar KFin Technologies.
The Indian Opinion
The grey market premium and oversubscription numbers are creating a buzz, but neither is a reliable predictor of listing gains. Retail investors should treat the GMP as unofficial noise and focus on the company's fundamentals. The real test will be whether the stock holds its premium after the first few trading sessions, not the pre-listing hype.
Sources (2): livemint.com, timesnownews.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
