Milky Mist IPO Fully Subscribed; GMP Hints at ₹162 Listing
The Milky Mist Dairy Food IPO has been fully subscribed on its second day. The grey market premium (GMP) suggests shares could list at ₹162.50, a premium over the IPO price band.
Key takeaways
- Milky Mist IPO has been fully subscribed on its second day.
- The grey market premium (GMP) is ₹22.50.
- Estimated listing price based on GMP and upper price band is ₹162.50 per share.
Milky Mist Dairy Food's Initial Public Offering (IPO) has successfully garnered full subscription on its second day of bidding, indicating strong investor interest. The issue was fully subscribed by the end of the second day, though specific subscription figures for different investor categories were not detailed in the provided information.
Grey Market Premium (GMP) and Listing Estimates
The grey market premium (GMP) for Milky Mist Dairy Food shares currently stands at ₹22.50. This GMP, when combined with the upper end of the IPO's price band, suggests an estimated listing price of ₹162.50 per share. This indicates a potential premium on the listing day compared to the IPO offer price.
IPO Details
While the exact price band, issue size, and closing dates were not provided in the source material, the subscription status and GMP offer key insights for potential investors. Investors considering the IPO should note the current market sentiment reflected in the GMP, which is often an indicator of demand in the unlisted market.
The company operates in the dairy sector, and its performance in the stock market post-listing will be closely watched by investors interested in the food processing and dairy industry.
This information is for educational purposes only and does not constitute investment advice.
Frequently asked questions
What is the current Grey Market Premium (GMP) for Milky Mist IPO?
The current Grey Market Premium (GMP) for Milky Mist Dairy Food shares is ₹22.50.
What is the estimated listing price for Milky Mist shares?
Based on the GMP of ₹22.50 and the upper end of the IPO price band, the estimated listing price for Milky Mist Dairy Food shares is ₹162.50 per share.
Has the Milky Mist IPO closed for subscription?
No, the IPO was fully subscribed on its second day, but the subscription period is ongoing until the official closing date.