Milky Mist IPO: Price band set at ₹133-140 per share; check key dates, issue details
Milky Mist Dairy Food Limited sets its IPO price band at ₹133-140 per share, with subscriptions opening on 11 August and closing on 13 August. Anchor investor allocations will occur on 10 August, with a lot size of 107 shares reserved for QIB, NII, and retail investors.
Milky Mist IPO price band: The Milky Mist Dairy Food Limited IPO price band has been fixed in the range of ₹133 to ₹140 per equity share of the face value of ₹2. The Milky Mist IPO date of subscription is scheduled for Tuesday, 11 August and will close on Thursday, 13 August. The allocation to anchor investors for the Milky Mist IPO is scheduled to take place on Monday, 10 August.
The Milky Mist IPO lot size is 107 equity shares and in multiples of 107 equity shares thereafter.
Milky Mist IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
Tentatively, Milky Mist IPO basis of allotment of shares will be finalised on Friday, 14 August and the company will initiate refunds on Monday, 17 August, while the shares will be credited to the demat account of allottees on the same day following refund. Milky Mist share price is likely to be listed on BSE and NSE on Tuesday, 18 August.
Milky Mist IPO details
Milky Mist's IPO size has been revised to ₹1,553 crore from the ₹2,035 crore proposed in the draft red herring prospectus (DRHP) filed in July 2025, following the company's ₹357-crore pre-IPO fundraising. The company raised the capital by issuing 5.43 lakh equity shares and 2.5 crore compulsorily convertible preference shares (CCPS) at ₹139.76 apiece, implying a valuation of over ₹10,700 crore.
Following the pre-IPO placement, the promoters hold a 93% stake in the company, while public shareholders own the remaining 7%, including Jongsong Investments, a Temasek Holdings subsidiary, which holds a 5.16% stake.
The company intends to utilise ₹496.8 crore from the fresh issue proceeds towards the repayment or prepayment of borrowings, which stood at ₹1,390.7 crore as of May 2026. It will also invest ₹469.2 crore to expand and modernise its Perundurai manufacturing facility in Tamil Nadu, while ₹155.3 crore will be allocated for deploying visi coolers, ice cream freezers, and chocolate coolers. The remaining proceeds will be used for general corporate purposes.
JM Financial, Axis Capital, and IIFL Capital Services are the book-running lead managers to the issue.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
About the Author
Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.