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Milky Mist hits 10% upper circuit after 17.9% listing premium
Milky Mist Dairy Food debuted at a 17.85% premium and hit a 10% upper circuit, valuing its premium dairy growth story richly. Analysts cite strong margins and category leadership but advise holding or adding only on dips due to elevated valuation.
Reported figures
From the report. Source details below
| IPO issue price: | Rs 133-140 per share |
|---|---|
| Listing price: | Rs 165 per share |
| NSE upper-circuit price: | Rs 181.50 per share |
| Post-issue gain: | nearly 30% |
| Packaged paneer market share: | 19% |
| Revenue CAGR: | 33.6% |
| RoE: | approximately 32% |
| Jongsong Investments pre-IPO investment: | Rs 482 crore |
| Jongsong stake: | approximately 5.2% |
| Valuation: | around 85x FY26 earnings |
| Dairy-sector average valuation: | approximately 52.5x P/E |
| Suggested stop-loss: | Rs 150 |
| DAM Capital target price: | Rs 175 per share |
| IPO size: | Rs 1,553 crore |
| Fresh issue: | Rs 1,428 crore |
| OFS: | Rs 125 crore |
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