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Milky Mist Dairy Food IPO is 16% above upper band in grey market
The issue is subscribed 2.4 times after day 2, with the day 3 subscription pace reaching 4.7 times overall by 12:00 PM.
Milky Mist Dairy Food’s IPO is set to remain open through 13 August 2026, after opening for investors on 11 August 2026, with investors having one day left to apply as the deal moves into day 3.
The book-building price band is ₹133 to ₹140 per share, and the company is seeking to raise ₹1,553 crore through a mix of fresh shares and an Offer for Sale, with a proposed listing on the BSE and NSE.
Market observers cited by LiveMint Markets said the IPO grey market premium is ₹22 today, implying a roughly 16% premium over the upper price band.
LiveMint Markets also reported the issue was subscribed 2.42 times after the end of bidding on day 2, and by 12:00 PM on day 3 it was booked 4.74 times, including retail at 4.16 times and the NII segment at 11.31 times, while the QIB portion was subscribed 0.82 times.