Summary:
Milky Mist shares debuted at ₹165, an 18% premium to the ₹140 IPO price, following strong subscription demand. Its growth is supported by premium dairy products, a wide distribution network and strong revenue growth. Profit booking and upcoming anchor share unlocks could create short-term selling pressure.
Milky Mist stock price saw a good opening on the stock exchanges on August 18, 2026. The shares were initially offered at ₹165 apiece on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). In other words, the stock opened at a 17.86% premium to its initial public offering (IPO) price of ₹140 per share. The ₹1,553-crore IPO of Milky Mist had a price band of ₹133-140 per share. The valuation of the company after the listing is ₹12,702.42 crore.
Moreover, the stock opened higher than the grey market pricing which anticipated a 14% listing gain. According to the reports, the IPO saw great demand and crossed the 56 times subscription mark, whereas, according to the post-listing IPO note, the subscription was 59.08 times. The allotment will be done on August 14.
Before opening the IPO for subscription, the company raised ₹465.30 crore from the anchor investors. A total number of 3,32,35,713 shares were allocated to the anchor investors on August 10.
Why did the stock price of Milky Mist surge after listing?
The company saw robust demand for its shares due to its premium pricing and growth rate. It offers high-value dairy products like paneer, cheese, curd, yoghurt, butter, ghee, and ice cream. It has been seen that the company’s revenue has been growing at a quick pace, with a CAGR of 31.3% from FY24 to FY26. Milky Mist Stock Price
It has witnessed a rise in demand for high-value and innovative dairy products. The vertically integrated farm-to-retail business model, in combination with its direct milk procurement, has helped the company build a wide distribution network with 4,001 distributors and 3.75 lakh retail points across the country. Additionally, it has a strong premium pricing strategy and has witnessed a shift towards high-value products. Another reason why the company’s stock surged after listing is that it does not deal in liquid milk, and it wants to transform itself from a dairy processing company to a fast-moving consumer goods (FMCG) company. The money raised from the IPO will be spent on setting up whey protein concentrate, yoghurt, and cream cheese manufacturing units, ice cream freezers, chocolate coolers, and to meet general corporate needs.
Why will the stock price of Milky Mist fall after listing?
Even though the company’s stock opened at a huge premium, there might be some challenges in the short term, because of which the stock price might see a dip. For instance, investors who applied for the shares purely for the listing gain will book profits in the short term. The company’s stock opened at a premium of 17.86%, which makes it highly possible that some investors will sell their shares to book profits.
Another reason why the stock price of Milky Mist is anticipated to fall after the listing is the anchor investor lock-in. The 3,32,35,713 shares allotted to the anchor investors will see a 50% unlock on September 12, whereas, the remaining 50% will unlock on November 11. If the profit booking by the anchor investors turns into a huge volume, it will exert selling pressure on the stock.
What should the investors do about the Milky Mist shares?
The short-term investors should consider exiting some of their shares if the stock witnesses volatile movements on the day of listing. At the same time, medium and long-term investors should stay invested in the stock if the company continues its growth trajectory. Considering the strong growth rate and premiumisation, the company will record impressive revenues in the future.
Milky Mist was the biggest IPO by any dairy company in India. The listed peers of Milky Mist are Parag Milk Foods, Hatsun Agro Product, and Dodla Dairy. To conclude, the company is likely to see a positive trend in demand for its dairy products over time due to its strong growth, premium pricing, and wide distribution network, but the investors should keep an eagle eye on valuation and upcoming lock-ins.
