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Milky Mist Food Diary shares debut 17.8% above IPO price
The IPO was subscribed 56.1 times overall, with the QIB portion booked 155.8 times.
Milky Mist Food Diary made a strong debut on Indian stock exchanges on Tuesday, 18 August, listing at a 17.8% premium to its IPO price of ₹140 per share, LiveMint Markets reported.
The stock opened at ₹165 per share on both the NSE and BSE, delivering about 18% gains to IPO allottees at listing, according to the report.
Ahead of trading, the IPO’s grey market premium was estimated at ₹19.7, implying an indicative listing price of ₹159.7.
The public issue drew heavy demand during its three day bidding window from 11 August to 13 August, with subscription of 56.12 times overall, including 8.40 times for retail, 34.91 times for NII, and 155.83 times for the QIB category, LiveMint Markets said.