Milky Mist Dairy surges 30% on market debut; two firms eye public listings

Milky Mist Dairy Food's initial public offering performance reflected strong investor appetite for food and dairy sector stocks, with shares jumping 30 per cent on debut. The company's successful market entry signals continued confidence in the segment despite economic headwinds facing India's broader capital markets.

India Exposition Mart, which operates exhibition and convention facilities, has taken the next step in its capital-raising plans by filing a draft red herring prospectus with the Securities and Exchange Board of India. The filing initiates the regulatory approval process required before the company can launch its public offering to retail and institutional investors.

Adding to the wave of public share issues, Augmont Enterprises has announced a price band for its upcoming initial public offering. The precious metals and jewellery company's move to set the price range indicates an expected near-term launch of its public offer.

The trio of developments underscores sustained momentum in India's primary capital markets, with companies across sectors moving forward with equity raises despite broader market volatility. Food and beverages, hospitality infrastructure, and precious metals companies are among those seeking public market access to fund expansion and strengthen balance sheets.