World · India Bureau
Milky Mist Dairy Food shares surge 127% since IPO listing
Shares of Milky Mist Dairy Food have nearly doubled in value within five weeks of their market debut, with the stock hitting a record high of ₹317.30 against an issue price of ₹140 per share.
LSN India ·
Milky Mist Dairy Food's equity shares continued their remarkable bull run on markets, with the stock climbing 5 per cent to reach a fresh peak of ₹317.30, representing a stunning 127 per cent appreciation since its initial public offering.
The dairy company's listing has drawn substantial investor interest in a relatively short timeframe. The sharp rally from the IPO price of ₹140 per share underscores robust market confidence in the company's business fundamentals and growth prospects.
The five-week surge reflects broader appetite among investors for established dairy and food companies operating in India's rapidly expanding FMCG sector. Milky Mist's strong post-IPO performance places it among the better-performing public share offerings in recent months.
The company's ascent in market valuation demonstrates investor optimism surrounding the domestic dairy sector, which has witnessed steady consumption growth across urban and rural markets. The extent of the rally also suggests strong institutional and retail participation in the offering.