Milky Mist Dairy Food’s Rs 1,553 crore IPO has entered its third and final day of bidding, drawing strong investor interest. With the Grey Market Premium (GMP) hovering around 15% above the upper price band of Rs 140 per share, market sentiment points to a healthy listing for the stock—if the trend holds.
However, a healthy GMP is not the only factor investors should consider. Market analysts believe the IPO is fully valued at the upper end of the price band. Despite this, they assigned a “Subscribe – Long Term” rating to the issue, suggesting it may appeal to investors with a longer investment horizon.
