Milky Mist IPO: Price Band Fixed at ₹133–140 Per Share; Check Key Dates, Issue Size & Details

Milky Mist IPO Price Band Announced

Milky Mist Dairy Food Limited has announced the price band for its upcoming Initial Public Offering (IPO). The company has fixed the issue price in the range of ₹133 to ₹140 per equity share with a face value of ₹2 per share.

The public issue will open for subscription on Tuesday, August 11, 2026, and will close on Thursday, August 13, 2026. The anchor investor allocation is scheduled for Monday, August 10, 2026.

Milky Mist IPO at a Glance

Here are the key details of the upcoming IPO

• Price Band: ₹133 – ₹140 per share
• Face Value: ₹2 per share
• IPO Opens: August 11, 2026
• IPO Closes: August 13, 2026
• Anchor Allocation: August 10, 2026
• Lot Size: 107 equity shares
• Issue Size: ₹1,553 crore
• Expected Listing: August 18, 2026

Reservation for Investors

The IPO has been allocated across different investor categories as follows

• Up to 50% reserved for Qualified Institutional Buyers (QIBs)
• At least 15% reserved for Non-Institutional Investors (NIIs)
• At least 35% reserved for Retail Individual Investors (RIIs)

Important IPO Dates

Investors should keep the following dates in mind

• IPO Opens: August 11, 2026
• IPO Closes: August 13, 2026
• Expected Allotment: August 14, 2026
• Refund Initiation: August 17, 2026
• Demat Credit: August 17, 2026
• Expected Listing Date: August 18, 2026

IPO Size Revised After Pre-IPO Fundraising

Milky Mist has reduced the size of its IPO from the originally proposed ₹2,035 crore to ₹1,553 crore after successfully raising approximately ₹357 crore through a pre-IPO placement.

The company raised the capital by issuing equity shares and compulsorily convertible preference shares (CCPS), valuing the business at more than ₹10,700 crore.

Following the pre-IPO investment, the promoters continue to hold around 93% of the company, while public investors own the remaining 7%.

Utilisation of IPO Proceeds

The company intends to use the proceeds from the fresh issue for several strategic purposes.

These include

• Repayment and prepayment of existing borrowings
• Expansion and modernization of the Perundurai manufacturing facility in Tamil Nadu
• Deployment of visi coolers, ice cream freezers and chocolate coolers
• General corporate purposes

The largest portion of the funds will be allocated toward reducing debt, while significant investments will also be made to strengthen manufacturing capacity and distribution infrastructure.

Lead Managers

The IPO is being managed by

• JM Financial
• Axis Capital
• IIFL Capital Services

These institutions have been appointed as the Book Running Lead Managers (BRLMs) for the issue.

Why Investors Are Watching Milky Mist IPO

Milky Mist is one of India's well-known dairy product companies with a strong presence in value-added dairy products. The IPO is expected to attract investor interest due to:

• Strong dairy brand recognition
• Expansion-focused fundraising
• Debt reduction plans
• Manufacturing capacity expansion
• Growing demand for packaged dairy products in India

Investors will closely monitor subscription demand once the public issue opens.

Key Takeaways

• Milky Mist IPO price band has been fixed at ₹133–140 per share.
• The IPO will open on August 11 and close on August 13, 2026.
• Total issue size is ₹1,553 crore.
• Shares are expected to list on the BSE and NSE on August 18, 2026.
• IPO proceeds will primarily be used for debt repayment and business expansion.

Disclaimer

This article is published solely for educational and informational purposes and should not be considered financial, investment, legal, or tax advice. The information presented is based on publicly available sources and is believed to be accurate at the time of publication; however, TrendRipperX does not guarantee its completeness or accuracy.

TrendRipperX is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst. Any views expressed are for informational purposes only and do not constitute a recommendation to buy, sell, or hold any security.

Investments in financial markets are subject to market risks. Readers should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.