Milky Mist IPO

Packaged Dairy Foods (Value-Added Products) - Listed on 18 August 2026

+17.9% listing gain
Issue Price (Upper)
Rs 140
Listing Price
Rs 165
Closing Price (NSE)
Rs 181.5
Total Subscription
59.07x

Milky Mist IPO listing summary

Milky Mist (Packaged Dairy Foods (Value-Added Products)) closed its IPO window in 2026 and listed on NSE and BSE on 18 August 2026 at an upper band issue price of Rs 140, opening at Rs 165 for a listing gain of +17.9% and closing day one at Rs 181.5 (+29.6% on closing basis). The IPO was subscribed 59.07x overall - QIB 164.03x, HNI/NII 36.75x, Retail 8.85x. The total issue size was Rs 1,553 Cr (Fresh Issue Rs 1428.2 Cr, OFS Rs 125 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+17.86%
Listing Gain (Close)
+29.64%
Day Change After Listing
+10.00%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB164.03x
HNI / NII36.75x
Retail8.85x
Overall59.07x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.83x
Day 22.29x
Day 3 (Final)59.07x

Milky Mist IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 28+15.71%
Day 2Rs 25+17.86%
Day 3Rs 28+20.00%
Day 4Rs 25+15.71%
Day 5Rs 18+20.00%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
15.7%-20.0%
IPOGyani AI Prediction
20.9%
Actual Listing Gain
+17.9%

Prediction Accuracy: 3.0 pp (Reasonably accurate)

Issue & financials

Issue SizeRs 1,553 Cr
Fresh IssueRs 1,428.2 Cr
OFSRs 125 Cr
IPO PE84.85
Peer / Sector PE56.19
PE vs Sector Ratio1.51
Latest EBITDA (Cr)13.87
Debt / Equity3.61

Market context at listing

How the broader market moved around the Milky Mist IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-
Nifty 1W Return-
Nifty 1M Return-
Nifty during IPO window-

Milky Mist IPO - FAQs

What was the listing gain of Milky Mist IPO?

Milky Mist IPO listed at +17.9% versus the upper issue price of Rs 140 on 18 August 2026.

How many times was Milky Mist IPO subscribed?

Milky Mist IPO was subscribed 59.07x overall. QIB portion was subscribed 164.03x, HNI / NII 36.75x and Retail 8.85x.

What was the IPO GMP for Milky Mist?

IPO GMP started at Rs 28 on Day 1 and moved to Rs 18 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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