Milky Mist IPO Day 1 Live Updates: ₹1,553-cr IPO gets 10% subscription within 30 minutes
Milky Mist IPO GMP Day 1 live updates: Follow businessline to know subscription status
The ₹1,553-crore IPO of Milky Mist Dairy Food made a strong debut on its first day of subscription, with a notable 10% subscription achieved within just half an hour of its opening. The issue, priced between ₹133-140 per share, had a minimum lot size of 107 shares, with a significant portion reserved for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and retail investors.
According to BSE data, QIBs did not submit any bids yet, while NIIs subscribed at 0.10 times and retail investors at 0.15 times the allotted shares. The employee portion was subscribed at 0.24 times. After allotting 3,32,35,713 equity shares to 19 anchor investors at ₹140 per share, Milky Mist has already raised ₹465.29 crore from these strategic investors.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
