{
  "id": 1661241,
  "title": "Milky Mist Dairy Food Shares Make Strong Debut With Nearly 18% Premium",
  "url": "https://urgent.news/2026/08/18/milky-mist-dairy-food-shares-make-strong-debut-with-nearly-18-premium",
  "topic": "world",
  "section": "World",
  "published": "2026-08-18T06:42:31.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/milky-mist-dairy-food-shares-make-strong-debut-with-nearly-18-premium"
  },
  "original_language": "en",
  "account": "New Delhi witnessed the impressive listing of packaged food company Milky Mist Dairy Food Ltd on Tuesday, with its shares debuting at a near 18 percent premium over the issue price of Rs 140. The company's shares opened at Rs 165, marking an 18.85 percent surge past the issue price on both the BSE and NSE. The stock continued its upward trajectory, jumping 29.60 percent to Rs 181.45 on the BSE.\n\nThe IPO of Milky Mist Dairy Food Ltd was met with significant demand, being subscribed 56.12 times on the final day of the share sale on Thursday. The IPO raised Rs 1,553 crore, with a price band of Rs 133-140 per share. The fresh issue and offer-for-sale (OFS) totaled up to Rs 1,428 crore and up to Rs 125 crore, respectively.\n\nMilky Mist's IPO is the largest by an Indian dairy company. The mainboard listing joins peers like Parag Milk Foods Ltd, Hatsun Agro Product Ltd, and Dodla Dairy Ltd. The company, founded in Erode, Tamil Nadu, specializes in value-added dairy products like paneer, cheese, curd, yoghurt, butter, ghee, and ice cream.\n\nProceeds from the fresh issue will be allocated towards repaying or prepaying borrowings, expanding and modernizing the manufacturing facility in Perundurai, Tamil Nadu, and bolstering the company's cold-chain infrastructure. The company plans to establish whey protein concentrate, yoghurt, and cream cheese plants, along with ice cream freezers and chocolate coolers. A portion of the funds will also be utilized for general corporate purposes.",
  "summary": "New Delhi: Shares of packaged food company Milky Mist Dairy Food Ltd on Tuesday listed with a premium of nearly 18 per cent against the issue price of Rs 140. The stock started trading at Rs 165, up 17.85 per cent from the issue price on both the BSE and NSE. It further jumped 29.60 per cent to Rs 181.45 on the BSE. The company commanded a market valuation of Rs 13,968.81 crore. Milky Mist IPO:…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}