Overview
Milky Mist Dairy Food debuted on the Indian stock exchange with a 30% rally, closing its first trading session at 181.5 rupees per share. The shares opened at a 29.61% premium to the issue price of 140 rupees, reflecting strong demand from retail and high‑net‑worth investors.
The initial public offering raised approximately $163 million, and the post‑listing market capitalisation was calculated at 139.69 billion rupees, equivalent to about $1.46 billion, which the article rounds to a $1.5 billion valuation. This valuation positions Milky Mist among the larger players in India’s value‑added dairy segment.
Milky Mist is backed by Singapore’s sovereign wealth fund Temasek, which supports the company’s product portfolio that includes cottage cheese, butter, cheese, ice cream and Greek yogurt. The firm is described as one of the country’s largest manufacturers of value‑added dairy products.
Market Impact
The robust debut and sizable market capitalisation underscore investor confidence in the Indian dairy sector and highlight the appeal of high‑growth consumer‑focused IPOs.