Milky Mist Dairy Food IPO Listing: Stock Lists At Nearly 18% Above Issue Price

Milky Mist Dairy Food shares made a positive debut on the stock market today. Milky Mist Dairy price on the Bombay Stock Exchange (BSE) stood at ₹165 apiece at the time of listing, marking a nearly 18% premium over the issue price. Milky Mist Dairy Food listing price on the National Stock Exchange (NSE) also stood at ₹165 apiece.

Milky Mist Dairy Food IPO And Subscription Details

Milky Mist Dairy Food initial public offering (IPO) was open for subscription from 11 August to 13 August, with the price band set at ₹133-₹140 per equity share. The minimum lot size was 107 shares. At the upper price band, retail investors needed ₹14,980 to subscribe to one lot.

The IPO included a fresh issue of ₹1,428 crore and an offer for sale (OFS) of ₹125 crore. The fresh issue comprised 10.20 crore equity shares, while the OFS included up to 89.29 lakh shares. JM Financial, IIFL Capital Services and Axis Capital acted as the book-running lead managers. KFin Technologies was the registrar to the issue.

The IPO was subscribed 56.12 times by the close of bidding on 13 August. Qualified institutional buyers (QIBs) led the demand with 155.83 times subscription, followed by non-institutional investors (NIIs) at 34.91 times and retail investors at 8.40 times.

About Milky Mist Dairy Food

Milky Mist Dairy Food makes and sells a range of dairy and frozen food products, including paneer, cheese, curd, butter, ghee, yoghurt, ice cream, ultra-high temperature (UHT) products, chocolates and ready-to-eat and ready-to-cook foods.

The company follows an integrated farm-to-consumer model. It sources milk directly from farmers and handles manufacturing, distribution and cold-chain operations. Its products reach customers through traditional retail, modern trade, e-commerce, quick commerce and HoReCa channels.

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