Milky Mist Dairy IPO Reaches Full Subscription on Day Two at 1.05 Times
Milky Mist Dairy Food's ₹1,553 crore IPO crossed full subscription by mid-morning on August 12, its second day open, with retail investors 1.28 times subscribed against shares offered. The offer is priced at ₹133–₹140 per share and carries a reported post-issue valuation of approximately ₹10,778 crore, roughly 85 times FY26 earnings against a sector average of about 52.5 times. Proceeds are allocated primarily to debt repayment and expansion of the company's Perundurai manufacturing facility, with listing on BSE and NSE tentatively set for August 18.