Business · India Bureau
Milky Mist Dairy Food shares surge 17.8% on market debut
Milky Mist Dairy Food's initial public offering has made a strong market entry, with shares listing at a significant premium to their issue price. The company's IPO, which combined fresh equity issuance and offer for sale components, has generated considerable investor interest.
LSN India ·
Shares of Milky Mist Dairy Food commenced trading on the stock exchange at a premium of 17.8 per cent to the initial public offering price, marking a robust market reception for the dairy products manufacturer.
The IPO comprised a fresh issue of 10.2 crore equity shares valued at Rs 1,428 crore, coupled with an offer for sale of 89.28 lakh equity shares worth Rs 125 crore. The combined offering totalled Rs 1,553 crore.
The listing premium reflects positive investor sentiment towards the company and its business prospects within India's dairy sector. The strong debut suggests that the IPO pricing resonated well with market participants across both institutional and retail investor segments.
The performance underscores continued investor appetite for dairy and food processing companies in India's public markets, particularly those backed by established market presence and revenue generation capabilities.