# Milky Mist debuts at 18% premium, shares hit upper circuit 2026-08-19T22:00:05+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 3 independent outlets Erode-based Milky Mist Dairy Food debuted on the BSE and NSE on August 18 at Rs 165 per share, an 18% premium to the IPO price band of Rs 133-140. The Rs 1,553 crore public offering was subscribed 56.12 times. The stock hit the 10% upper circuit the next day at Rs 199.65, giving the company a market capitalisation of nearly Rs 14,000 crore. By Thursday, the stock slipped 4.21% to an intraday low of Rs 191.25 on mild profit-booking. Analysts at Swastika Investmart said the stock's 85-times FY26 earnings valuation is well above the dairy sector's average 52.5 times, advising investors to hold with a stop-loss at Rs 150. Singapore sovereign fund Temasek invested Rs 482 crore for a 5.2% stake in May 2026. Milky Mist reported a 33.6% revenue growth to Rs 3,145 crore and a 175.7% jump in net profit to Rs 127 crore for FY26. ## Indian Opinion Analysis The coverage of Milky Mist's listing is uniformly factual, with each outlet reporting standard market data. The Hindu led with the company's Erode headquarters and Singapore sovereign fund Temasek's investment, a detail the other two omitted. NDTV Profit front-loaded the upper-circuit surge, giving the story a bullish tone. Economic Times alone included trading-room caution, quoting an analyst who flagged the 85-times-PE valuation versus the sector's 52.5-times average. The uniform praise for the company's financials, Rs 3,200 crore turnover, 33.6% revenue growth, is the firm ground. The one real blind spot in all three: none asked whether a 56-times-subscribed IPO at a milk-products company signals retail frenzy or genuine long-term demand. Watch for Q1 FY27 results due in October to test the valuation. ## Coverage Coverage: 3 sources, 3 neutral - thehindu.com (neutral report) Led with Temasek investment and turnover details before listing price, framing the story as a business milestone - ndtvprofit.com (neutral report) Front-loaded share price upper circuit and 29.6% premium, framing the story as a trading success - economictimes.indiatimes.com (neutral report) Led with post-listing profit-booking and analyst caution, framing the story around valuation risk This story was synthesised by AI from the 3 sources linked above. Updated: this story now draws on 3 sources. Last updated 2026-08-20T06:16:00+00:00. Tags: BSE, Erode, Milky Mist, NSE, Temasek Canonical: https://indianopinion.org/milky-mist-shares-rise-to-rs-199-65-after-listing/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/milky-mist-shares-rise-to-rs-199-65-after-listing/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/