Milky Mist Dairy Food is set to make its stock market debut on August 18, following strong demand for its initial public offering (IPO). The company\u2019s \u20b91,553 crore IPO attracted significant interest from investors during the subscription period. The IPO was priced in the range of \u20b9133 to \u20b9140 per share, with the issue closing on August 13. Retail investors could apply for a minimum of 107 shares, requiring an investment of \u20b914,980 at the upper end of the price band.<\/p>\n\n\n\n
The IPO received a strong response from investors. By the end of the subscription period, the issue was subscribed more than 56 times<\/strong>.<\/p>\n\n\n\n Institutional investors showed particularly strong interest, with the portion reserved for qualified institutional buyers subscribed over 155 times. The non-institutional investor category was subscribed nearly 35 times, while the retail portion was subscribed more than eight times.<\/p>\n\n\n\n The strong subscription indicates considerable investor interest in the company’s business and its plans for future growth.<\/p>\n\n\n\n The IPO consists of a fresh issue of around \u20b91,428 crore and an offer for sale worth approximately \u20b9125 crore. The fresh funds will go towards strengthening the company’s balance sheet and supporting its expansion plans.<\/p>\n\n\n\n A significant portion of the proceeds is expected to be used to repay or reduce existing borrowings. The company also plans to spend money on expanding and modernising its manufacturing facility in Perundurai, Tamil Nadu.<\/p>\n\n\n\n Milky Mist Dairy Food is a dairy and food products company with a portfolio that includes paneer, cheese, butter, curd, ghee, yoghurt and ice cream.<\/p>\n\n\n\n The company has built a strong presence in the organised dairy market, particularly in South India. It has also expanded its product range and distribution network over the years.<\/p>\n\n\n\n However, a large share of its business continues to come from South India, making geographical expansion an important part of its future growth strategy.<\/p>\n\n\n\n Ahead of the listing, Milky Mist shares were trading at a premium in the grey market.<\/p>\n\n\n\n The Grey Market Premium (GMP)<\/strong> is an unofficial indicator of how the market expects an IPO to perform when it lists. A GMP of around \u20b920 over the IPO’s upper price of \u20b9140 suggested a potential listing price of about \u20b9160 per share<\/strong>, or roughly a 14\u201315% premium<\/strong>.<\/p>\n\n\n\n However, GMP is not an official market price and can change quickly. It should not be treated as a guarantee of listing gains.<\/p>\n\n\n\n With the IPO subscription completed, shares are scheduled to list on both the NSE and BSE on August 18.<\/p>\n\n\n\n While the strong subscription and grey-market premium point towards positive investor sentiment, the actual listing price will depend on market conditions and demand on the day of listing.<\/p>\n\n\n\n For investors, the bigger question is not just how the stock performs on its first day, but whether Milky Mist can continue to grow its business, expand beyond its existing markets, manage its debt and improve profitability over the long term.<\/p>\n\n\n\n Source: NDTV Profit<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Milky Mist Dairy Food is set to make its stock market debut on August 18, following strong demand for its initial public offering (IPO). The company\u2019s \u20b91,553 crore IPO attracted significant interest from investors during the subscription period. The IPO was priced in the range of \u20b9133 to \u20b9140 per share, with the issue closing […]<\/p>\n","protected":false},"author":6,"featured_media":178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch"],"_links":{"self":[{"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/posts\/177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/comments?post=177"}],"version-history":[{"count":3,"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/posts\/177\/revisions"}],"predecessor-version":[{"id":182,"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/posts\/177\/revisions\/182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/media\/178"}],"wp:attachment":[{"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/media?parent=177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/categories?post=177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/tags?post=177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is the company raising money for?<\/strong><\/h2>\n\n\n\n
What does Milky Mist do?<\/strong><\/h2>\n\n\n\n
What does the GMP indicate?<\/strong><\/h2>\n\n\n\n
What happens next?<\/strong><\/h2>\n\n\n\n