Mumbai, August 6, 2026: Milky Mist Dairy Food Limited will open its initial public offering (IPO) for subscription on Tuesday, August 11, 2026, with the bidding closing on Thursday, August 13, 2026. The anchor investor bidding will take place on Monday, August 10.
The company has fixed the IPO price band at ₹133 to ₹140 per equity share, with each share having a face value of ₹2. Investors can bid for a minimum of 107 equity shares and in multiples thereof.
The total offer size is proposed to aggregate up to ₹1,553 crore, comprising a fresh issue of up to ₹1,428 crore and an offer for sale of up to ₹125 crore. The offer for sale includes shares worth up to ₹75 crore by Sathishkumar T and ₹50 crore by Anitha S.
Eligible employees bidding under the Employee Reservation Portion will receive a ₹13 per share discount.
Milky Mist Dairy Food had also undertaken a pre-IPO placement comprising 543,789 equity shares and 25 million compulsorily convertible preference shares at ₹139.76 each, aggregating to ₹357 crore.
The equity shares are proposed to be listed on the BSE and NSE, with NSE serving as the designated stock exchange.
The issue is being managed by JM Financial Limited, Axis Capital Limited and IIFL Capital Services Limited as the Book Running Lead Managers. The IPO will follow the book-building process, with portions reserved for QIBs, non-institutional investors and retail investors.
