return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Stocks
    /
  5. Milky Mist Dairy Food share price hits 10% upper circuit on Day 2 of listing; how the stock is performing vs issue price

Market News

Milky Mist Dairy Food share price hits 10% upper circuit on Day 2 of listing; how the stock is performing vs issue price

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on August 19, 2026, 11:13 IST

Google
SelectUpstoxas yourPreferred news source
Copy link
Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

The ₹1,553 crore initial public offering of Milky Mist Dairy Food consisted of a fresh issuance of shares valued at ₹1,428 crore and an offer-for-sale (OFS) component of ₹125 crore by promoters, Anitha S and Sathishkumar T.

Stock list

MILKYMIST
--
Milky Mist Dairy Food Ltd is focused on value-added dairy products. | Image: milkymist.com

Milky Mist Dairy Food Ltd is focused on value-added dairy products. | Image: milkymist.com

Shares of packaged food company Milky Mist Dairy Food hit their upper circuit level on Wednesday, August 19, a day after listing on bourses.
Open FREE Demat Account within minutes!
Join now

The stock rose 10% to ₹199.65 apiece on the National Stock Exchange (NSE). The company's market capitalisation stands at ₹15,369.92 crore.

The scrip also hit the 10% upper circuit of ₹199.55 per unit on the BSE.

The dairy products manufacturer's shares had debuted at ₹165 apiece, up 17.86% from the IPO price of ₹140 per share on the NSE. Currently, the stock has scaled 42.60% from the offer price.

The ₹1,553 crore initial public offering consisted of a fresh issuance of shares valued at ₹1,428 crore and an offer-for-sale (OFS) component of ₹125 crore by promoters, Anitha S and Sathishkumar T.

The fresh issue proceeds will be utilised for expansion and modernisation of the production facility and improving its cold-chain infrastructure and debt clearance.

The funds will also be used for setting up yoghurt, whey protein concentrate and cream cheese plants and installing chocolate coolers and ice cream freezers. The money will also be utilised for general corporate purposes.

The IPO was subscribed 56.12 times, as it got bids for 4,59,04,22,836 shares as against 8,17,98,244 shares on offer, according to the NSE data.

CategoryReservedNo of Shares Bid ForNo of Times
Qualified Institutional Buyers2,33,23,3083,63,45,17,685155.83
Non-Institutional Investors1,74,92,48161,07,43,26734.91
Retail Investors4,08,15,78934,30,90,6858.41
Total8,17,98,2444,59,04,22,83656.12
Lalithaa Jewellery Mart IPO Day 3: Check subscription status, allotment date and steps

Before the IPO, the company had mobilised ₹465.30 crore from anchor investors, including Nippon India Mutual Fund (MF), HDFC MF, ICICI Prudential MF, Zulia Investments, Public Sector Pension Investment Board-IIFL Asset Management, International Finance Corporation (IFC) and India Acorn Fund.

Founded in Tamil Nadu's Erode, Milky Mist sells value-added dairy products like cheese, paneer, curd, yoghurt, ghee, butter and ice cream, among others. It does not operate in the liquid milk segment.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

Next Story