Milky Mist IPO: Dairy business with 85x FMCG valuation– Why brokerages see long-term value
The IPO of Milky Mist Dairy Food has attracted significant attention from investors due to its high valuation and focus on value-added dairy products. The IPO has been oversubscribed by 54.57 times, indicating a strong response. The company’s revenue and profits have been growing steadily, and the IPO proceeds will be used to repay debt.