{
  "id": 1635949,
  "title": "Milky Mist shares list 17.8% premium, trades 30% over ₹140-IPO price",
  "url": "https://urgent.news/2026/08/18/milky-mist-shares-list-17-8-premium-trades-30-over-140-ipo-price",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T04:52:14.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/milky-mist-dairy-food-shares-debut-at-178-premium-trades-30-over-140-ipo-price/article71358921.ece"
  },
  "original_language": "en",
  "account": "Milky Mist Dairy Food shares opened at ₹165 on the NSE and BSE, representing a 17.8% premium above the IPO price of ₹140. By midday, the stock surged to ₹181.50, reflecting a 30% gain from the listing price. The IPO, priced between ₹133 and ₹140 per share, received a strong response, with subscription demand 56.12 times overall. Institutional buyers led the demand, subscribing 155.83 times, while non-institutional investors subscribed 34.91 times and retail investors 8.40 times. The employee portion garnered 12.41 times. The ₹1,553-crore IPO included a fresh issue of up to ₹1,428 crore and an offer-for-sale of up to ₹125 crore, raising ₹465.30 crore from anchor investors. This marks the largest IPO by an Indian dairy company, with peers including Parag Milk Foods, Hatsun Agro Product, and Dodla Dairy. At the high end of the price band, the company's post-IPO valuation could reach ₹10,778 crore. The IPO followed a pre-IPO round raising about ₹482 crore from Jongsong Investments Pte Ltd, a subsidiary of Temasek Holdings. Proceeds from the fresh issue will fund debt repayment and expansion, including manufacturing facility upgrades in Tamil Nadu and cold-chain infrastructure enhancements. Funds will also support whey protein concentrate, yogurt, and cream cheese plants, as well as ice cream freezers and chocolate coolers. JM Financial, Axis Capital, and IIFL Capital Services served as lead managers, while KFin Technologies acted as registrar.",
  "summary": "Qualified institutional buyers led the demand, with their portion subscribed 155.83 times. The non-institutional investors’ portion was subscribed 34.91 times; retail portion saw 8.40 times subscription",
  "key_points": [
    "Milky Mist shares opened at ₹165, 17.8% premium over ₹140 IPO price",
    "Stock surged to ₹181.50, 30% gain from listing price by midday",
    "IPO received strong demand, 56.12x subscription, led by institutions"
  ],
  "editors_take": "Strong demand from institutional buyers and a successful listing reflect positively on Milky Mist's growth prospects and position it favourably among Indian dairy companies.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Milky Mist Share Price & IPO Listing Live: Debuts at ₹165 on NSE, BSE, marking 18% premium, hits upper circuit",
        "url": "https://urgent.news/2026/08/18/milky-mist-share-price-ipo-listing-live-debuts-at-165-on-nse-bse",
        "published": "2026-08-18T04:52:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}