Milky Mist shares list at 18% premium after 56x IPO subscription

Dairy products company Milky Mist made a strong stock-market debut on Tuesday, with shares listing at ₹165, an 18% premium over its ₹140 IPO price. The ₹1,553-crore IPO comprised a ₹1,428-crore fresh issue and ₹125-crore offer for sale by promoters. The issue, priced at ₹133-140 per share, was subscribed 56.12 times during its August 11-13 offering.