Now Reading: Milky Mist IPO opens August 11, grey market hints 19% listing gain
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Milky Mist IPO opens August 11, grey market hints 19% listing gain
Milky Mist IPO opens August 11, grey market hints 19% listing gain
Milky Mist Dairy Food’s Rs 1,553 crore IPO opens on August 11 and closes on August 13, with a price band of Rs 133-140 per share. The issue comprises a fresh equity…
The Story in Brief
Milky Mist Dairy Food’s Rs 1,553 crore IPO opens on August 11 and closes on August 13, with a price band of Rs 133-140 per share. The issue comprises a fresh equity portion of Rs 1,428 crore and an offer for sale of Rs 125 crore.
The grey market premium (GMP) stood at Rs 26 on Monday, indicating a possible listing gain of about 19 per cent over the upper price band. The company, backed by Temasek via Jongsong Investments, reported a profit of Rs 127 crore in FY26 on revenue of Rs 3,138 crore. Anchor investor bidding takes place on August 10. Analysts advise caution as GMP is not an official indicator.
The Indian Opinion
The grey market premium of Rs 26 is being painted as a sure sign of gains, but GMP is unregulated and volatile, it touched zero only days ago. Investors should neither chase the froth nor dismiss the company’s strong revenue growth from Rs 1,822 crore to Rs 3,138 crore in three years. The real test will be the subscription numbers from qualified institutional buyers on day one.
Sources (3): ndtvprofit.com, livemint.com, livemint.com (2)
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.
