New Delhi, Aug. 10 -- The initial public offering (IPO) of packaged food company, Milky Mist Dairy Food, is set to open for public subscription on Tuesday, 11 August. The Rs.1,553 crore book-build issue, which combines a fresh issue of shares and an offer for sale (OFS), is hitting the primary market at a time when investors' risk appetite is improving amid healthy earnings, the return of foreign investors, and easing geopolitical tensions.

Meanwhile, the grey market is exhibiting optimism over the issue, suggesting the stock could list at a decent premium.

The grey market premium (GMP) of Milky Mist Dairy Food shares on Monday morning was Rs.26, which suggests the stock could list at a nearly 19% premium to the issue price.

The Milky ...