TTLTicker Tales

Milky Mist

Packaged-food company that procures milk and makes a range of value-added dairy products.

Archived
Neutral

Last updated 31 Aug 2026, 9:04 am IST

Price band
₹133 – ₹140
Lot size
107
Issue size
₹1,553 Cr
Opens
11 Aug 2026
Closes
13 Aug 2026
Exchange
Both

The numbers

Subscription
59.06× (final)
Listing gain
NSE +17.9% / BSE +17.9% (18 Aug)
Listing date
18 Aug 2026
Model prediction
~flat expected → Neutral. Listed +17.9% NSE / +17.9% BSE (18 Aug); market beat the cautious no-GMP read.

The Ticker Tales take

Milky Mist procures milk and makes value-added dairy products (paneer, cheese, curd, yoghurt), mostly across south India. ₹1,553 Cr issue. Final demand strong at ~59× though no GMP and demanding valuation (~85× FY26). Call frozen Neutral at close on the no-GMP read. It listed on 18 Aug at ₹165, an ~18% pop — so the cautious Neutral was beaten by the market; we report the miss but don't re-rate a frozen call.

More details

Sector
Value-added dairy / packaged food
Issue type
Book-built
Anil Singhvi - Long-term call
Subscribe (long term)
Anil Singhvi - Listing-gain call
Muted / minimal gains
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.