Milky Mist Dairy Food IPO Listing: Milky Mist Dairy Food made a strong debut on the stock market, giving investors an impressive return on the very first day.
The company’s shares were listed on the BSE at ₹165, an 18% premium over the IPO price of ₹140 per share.
Soon after listing, buying interest picked up sharply. The stock hit the 10% upper circuit, taking its price to ₹181.45.
This means investors who received shares in the IPO earned nearly 30% profit on listing day.
IPO Received Strong Investor Response
The IPO was open for subscription from August 11 to August 13. The price band was fixed at ₹140 per share, and investors had to apply for a minimum of 107 shares, requiring an investment of ₹14,980.
The company also offered a ₹13 per share discount to eligible employees.
Investor demand was very strong throughout the subscription period. Overall, the IPO was subscribed 59 times.
The retail category was subscribed 8.86 times, while Qualified Institutional Buyers (QIBs) subscribed 164.03 times. The Non-Institutional Investor (NII) portion was subscribed 36.75 times.
Before the IPO opened, the company had already raised ₹465.30 crore from anchor investors on August 10.
Company Profit Has Grown Rapidly
Milky Mist Dairy Food is an FMCG company with a strong presence in South India. Over the past few years, the company’s financial performance has improved significantly.
In FY2024, the company reported ₹1,826.86 crore in revenue and a net profit of ₹19.44 crore. By FY2026, its net profit had increased to ₹127.01 crore, while revenue rose to ₹3,145 crore.
How Will the IPO Money Be Used?
The company plans to use the funds raised through the IPO for several key purposes.
Around ₹496.86 crore will be used to repay existing debt. Another ₹469.24 crore will be invested in expanding the Perundurai manufacturing facility.
The company will also spend ₹155.31 crore on developing Visi coolers, ice cream freezers, and chocolate coolers. The remaining funds will be used for general corporate purposes.
