Milky Mist Dairy Food Shares List at 18% Premium on NSE: Hold or Sell?

Milky Mist Dairy Food shares debuted on NSE at ₹165 on 18 Aug, listing at a 17.85% premium to the IPO's upper price band of ₹140. The ₹1,553 crore IPO was subscribed 59.08 times overall during the bidding period from 11 Aug to 13 Aug 2026, with allotment finalized on 14 Aug 2026. The listing price was above the company's GMP trend on 18 Aug, indicating a 14% premium. Investors should monitor the stock's movement during the first few hours of trading due to high listing-day volatility. Investors who applied mainly for listing gains may exit shares after a good listing, potentially creating short-term selling pressure. Additionally, tracking the expiry of the anchor investor lock-in period—half ending on 12 Sep 2026 and the remaining on 11 Nov 2026—is crucial, as it could increase market supply and impact stock price. Over the long term, investors should focus on Milky Mist Dairy Food’s earnings growth, profit margins, cash flows, and debt reduction, as these factors will determine the share price’s future valuation. The company raised ₹465.30 crore from anchor investors, allotting 3,32,35,713 shares on 10 Aug 2026, reflecting strong institutional interest.