Now Reading: Milky Mist IPO subscribed 2.17 times on day 2, Shiprocket nears full subscription
-
01
Milky Mist IPO subscribed 2.17 times on day 2, Shiprocket nears full subscription
Milky Mist IPO subscribed 2.17 times on day 2, Shiprocket nears full subscription
The ₹1,553-crore Milky Mist Dairy Food IPO was subscribed 2.17 times on day two of bidding, August 12, with strong retail and employee interest. The retail portion was booked 2.44 times, NIIs…
The Story in Brief
The ₹1,553-crore Milky Mist Dairy Food IPO was subscribed 2.17 times on day two of bidding, August 12, with strong retail and employee interest. The retail portion was booked 2.44 times, NIIs 3.56 times, and the employee quota 4.86 times. Qualified institutional buyers (QIBs) bid 0.65 times. The issue closes on August 13, and shares are expected to list on BSE and NSE on August 18.
Separately, Shiprocket's IPO received 0.97 times subscription on day one, driven by retail (3.34 times) and employee (5.20 times) categories, while QIBs bid only 0.02 times. Geojit Investments gave a 'subscribe' call for medium- to long-term investors, noting the company's asset-light model and discount to listed peers. The broader market ended lower, with Sensex down 187.90 points and Nifty 35.75 points.
The Indian Opinion
For an ordinary Indian investor, the Milky Mist and Shiprocket IPOs show contrasting appetites. Milky Mist's nearly 2.5 times retail subscription suggests faith in a dairy brand with tangible products. Shiprocket's retail interest is also strong, but QIBs' faint response indicates institutional caution on a logistics tech firm with thin profits. The real test will be listing day: will retail euphoria hold, or will early profit-booking mirror the muted QIB participation? Watch the first-hour volume on August 18 for Milky Mist and Shiprocket's debut.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
