Milky Mist IPO subscribed 54x; brokerages recommend long-term value

Milky Mist is a company that makes dairy foods like paneer, cheese and yogurt.

It decided to sell part of the company to the public through something called an IPO, where people can buy small pieces and become part-owners.

The company wants to raise about Rs 1,553 crore, partly to pay off money it owes.

The shares cost between Rs 133 and Rs 140 each.

Lots of people wanted to buy them, so the offer was subscribed more than 54 times.

The price is high compared to how much profit the company makes, so some experts say it is expensive.

But most experts still recommend buying for people who can wait a long time.

They like that the company sells special dairy products that earn more profit than plain milk.

The company's sales have been growing very fast over the last few years.