Now Reading: Milky Mist Dairy IPO subscribed 7.36 times on day 3
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Milky Mist Dairy IPO subscribed 7.36 times on day 3
The Milky Mist Dairy Food IPO was subscribed 7.36 times on the final day of bidding, driven by strong demand from institutional and retail investors. As of 12:36 pm, the retail portion…
The Story in Brief
The Milky Mist Dairy Food IPO was subscribed 7.36 times on the final day of bidding, driven by strong demand from institutional and retail investors. As of 12:36 pm, the retail portion was booked 4.61 times and the NII segment 14.98 times. The company has set a price band of Rs 133 to Rs 140 per share and aims to raise Rs 1,553 crore through a mix of fresh shares and an offer for sale. The issue will list on the BSE and NSE.
In the grey market, shares are trading at a premium of Rs 22, implying a 16% gain over the upper price band. Analysts at Anand Rathi and Equivision have assigned a 'subscribe, long term' rating, noting strong revenue growth (33.58% in FY26) and a 175% jump in profit. However, they caution that the valuation appears fully priced. The IPO opened on 11 August 2026 and closes today, 13 August 2026.
The Indian Opinion
The grey market premium of Rs 22 is being waved as a sure-shot listing gain, but the grey market is unregulated and no guarantee of actual return. Meanwhile, the IPO's P/E of 84.9 times on FY26 earnings is high even for a fast-growing dairy player. Milky Mist’s strong market share in paneer, cheese and yoghurt justifies some premium, but expansion into semi-urban and rural areas will test margins. The real test will be the listing-day performance and the next quarter’s numbers, do the profits and revenue growth sustain once the IPO glow fades?
Source: livemint.com
This story was synthesised by AI from the source linked above.
