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The Economic Times
The Economic Times
Ritesh Presswala

Milky Mist Dairy Food IPO Day 1: Subscribed 40% so far, GMP signals 15% listing gain. Should you subscribe?

Milky Mist Dairy Food GMP Milky Mist IPO OFS Anand Rathi

The Milky Mist Dairy Food IPO opened for subscription today, August 11, and has already generated strong investor interest. On Day 1, the issue was 41% subscribed, with investors bidding for shares against the 8.17 crore shares on offer. The retail portion saw even stronger demand, reaching 61% subscription against the 4.08 crore shares reserved for retail investors.

Adding to the buzz is the IPO’s Grey Market Premium (GMP), which is currently hovering around 15% above the upper price band of Rs 140 per share. If the GMP trend holds, it could signal a potentially strong listing for Milky Mist shares.

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