MILKY MIST DAIRY FOOD LIMITED IPO OF EQUITY SHARES TO OPEN ON TUESDAY 11 AUGUST 2026
FinTech BizNews Service
Mumbai, 6 August, 2026: Milky Mist Dairy Food Limited (the “Company”) will open the Bid / Offer in relation to its initial public offering of the Equity Shares on Tuesday, 11 August 2026. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, on Monday, 10 August 2026. The Bid/Offer will close on Thursday, 13 August 2026.
The Anchor Investor Bidding Date shall be Monday, 10 August 2026.
Bids can be made for a minimum of 107 Equity Shares and in multiples of 107 Equity Shares thereafter.
The Price Band has been fixed at Rs133 to Rs140 per Equity Share.
The total offer size is Up to [●] Equity Shares of face value of Rs2 each aggregating up to Rs15,530.00 million.
Temasek backed Milky Mist is one of the fastest growing packaged food company (among companies with revenue scale of more than Rs15,000 million) in India in terms of revenue, growing at a CAGR of 31.26% from Fiscal 2024 to Fiscal 2026. (Source: 1Lattice Report). The company is exclusively focused on value-added products within the dairy market, which are considered premium. (Source: 1Lattice Report). They are a product-led company, dedicated to addressing the diverse and emerging consumer needs for the entire day, from breakfast to dinner. Over the years, it has diversified its product categories to include various value-added dairy products, such as cheese, paneer, butter, curd, ghee, yogurt, ice cream, ultra-high temperature (“UHT”) long-shelf life products, and other products, including frozen foods, ready-to-eat (“RTE”) and ready-to-cook (“RTC”) products, as well as chocolates. They offer their products under their umbrella brand ‘Milky Mist’, and sub-brand such as ‘SmartChef’, ‘Capella’, and ‘Misty Lite’, and have recently acquired brands such as ‘Briyas’ and ‘Asal’.
The Offer comprises of a Fresh Issue of up to [●] Equity Shares of face value of Rs2 each aggregating up to Rs 14,280.00 million and an Offer for sale of up to [●] Equity Shares aggregating up to Rs1,250.00 million. The Offer for Sale comprises up to [●] Equity Shares of face value of Rs2 each aggregating up to Rs750.00 million by Sathishkumar T and up to [●] Equity Shares of face value of Rs2 each aggregating up to Rs500.00 million by Anitha S.
A discount of Rs 13 per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion.
The company, in consultation with the Book Running Lead Managers, undertook a pre-IPO placement of (I) 543,789 Equity Shares of face value of Rs2 each at a price of Rs139.76 per Equity Share (including a premium of Rs137.76 per Equity Share); and (II) 25,000,000 compulsorily convertible preference shares (CCPS) of face value of Rs2 each at a price of Rs139.76 per CCPS, aggregating to Rs 3,570.00 million, as permitted under the applicable law.
The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited and National Stock Exchange of India Limited. For the purposes of the Offer, the Designated Stock Exchange shall be National Stock Exchange of India Limited.
JM Financial Limited, Axis Capital Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) are the Book Running Lead Manager’s to the issue.
