Milky Mist IPO Day 2 Highlights: ₹1,553-cr Milky Mist IPO subscribed over 2 times, Shiprocket IPO nears full subscription on Day 1

The ₹1,553-crore initial public offering of packaged food company Milky Mist Dairy Food Ltd was subscribed 79 per cent on Day 1. The issue comprises a fresh issue of up to ₹1,428 crore and an Offer-for-Sale (OFS) of up to ₹125 crore.

The ₹1,617.5-crore Shiprocket IPO opens today at a price band of ₹92-97 per share.

Geojit Investments has recommended a ‘Subscribe’ rating for Shiprocket’s IPO for medium- to long-term investors. At the upper price band of ₹97, the brokerage said Shiprocket is valued at around 3.6x FY26 EV/Sales on a post-issue basis, at a discount to its listed peer.Geojit said the company has demonstrated strong growth through expanding merchant adoption and a diversified platform spanning logistics, fulfilment, cross-border commerce, marketing and financial services. Its asset-light, technology-driven model supports scalability and efficiency, while debt reduction through IPO proceeds is expected to improve profitability, the brokerage said.

Sensex settled 187.90 pts or 0.24% lower at 77,966.35, and Nifty 59 dipped 35.75 pts or 0.15% to 24,435.95.

QIBs have been booked 0.52 times, NIIs 2.95 times, retail 2.20 times and employee portion 4.31 times.

Markets were off the day’s low at around 3 pm. Sensex traded 263.37 pts or 0.34% lower at 77,890.88, and Nifty 50 was down 97.50 pts or 0.40% to 24,374.20.

Milky Mist IPO will close ‌for subscription on August 13, and shares are expected to begin trading on the BSE and National Stock Exchange on August 18.

Milky Mist IPO has been subscribed 1.75 times at 2.21 pm. QIBs: 0.52 times; NIIs: 2.72 times; Retail: 2.03 times; Employee portion 3.93 times

Shiprocket IPO was subscribed 0.51 times as of 1.15 pm on Day 1 of bidding. The employee portion was subscribed 3.18 times, while the retail portion was booked 1.93 times. The NII category was subscribed 0.55 times, while the QIB portion saw no bids. Subscription breakup

Milky Mist Dairy Food IPO was subscribed 1.52 times as of 12.45 pm on Day 2 of bidding. The employee portion was subscribed 3.57 times, followed by the NII category at 2.36 times and the retail portion at 1.79 times. The QIB portion was subscribed 0.40 times.

At 12 noon, Sensex dragged 616.15 pts or 0.79% to 77,538.10, and Nifty 50 depreciated 193 pts or 0.79% to 24,278.70.

Shiprocket IPO was subscribed 0.20 times as of 11 am on Day 1 of bidding. The employee portion was subscribed 1.32 times, while the retail portion was booked 0.79 times. The NII category was subscribed 0.20 times, while the QIB portion saw no bids.