Positive impactIPO
Milky Mist Dairy Food IPO Day 2: Dairy firm's Rs 1,553 crore IPO gets fully subscribed. Check latest GMP
Economic Times 1 hr ago·12 Aug 2026, 8:24 am
Milky Mist Dairy Food's initial public offering (IPO) has been fully subscribed on its second day of bidding, indicating strong investor interest. The issue, which aims to raise Rs 1,553 crore, saw robust demand from retail investors and Non-Institutional Investors (NIIs), leading to the complete subscription within two days. This positive response suggests that the market views the company's growth story favorably.
The Grey Market Premium (GMP), which reflects the premium at which the shares are trading unofficially in the grey market, has risen by over 17%. This increase in GMP further reinforces the positive sentiment surrounding the issue. Anand Rathi has assigned a 'Subscribe – Long Term' rating to the IPO, highlighting the company's growth prospects despite its premium valuation.
Investors should watch for the final listing price and the company's future financial performance to gauge the long-term potential of the stock. The strong subscription levels and rising GMP are positive indicators, but investors should conduct their own research before making any investment decisions.
Key takeaways
- Category: IPO.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
