Milky Mist Dairy Foods IPO: Price Band Fixed At Rs 133-140, Seeks Rs 10,775 Crore Valuation

Milky Mist Dairy Foods IPO Price Band: Milky Mist Dairy Food has fixed the price band for its upcoming initial public offering (IPO) at Rs 133-140 per share, with a lot size of 107 shares. At the upper end of the price band, retail investors will have to invest a minimum of Rs 14,980 to apply for one lot.

The public issue will open for subscription on August 11 and close on August 13. The anchor investor portion will open on August 10, while the shares are scheduled to list on the BSE and NSE on August 18.

The IPO comprises a fresh issue of shares worth Rs 1,428 crore and an offer for sale (OFS) of Rs 125 crore by the promoters, taking the total issue size to Rs 1,553 crore. Earlier this week, the company had reduced the issue size from Rs 2,035 crore after Singapore state investor Temasek's investment arm Jongsong Investments acquired a pre-IPO stake.

The company has appointed JM Financial, Axis Capital and IIFL Capital Services as the book-running lead managers, while Kfin Technologies is the registrar to the issue.

The issue has reserved up to 50 per cent of the net offer for qualified institutional buyers (QIBs), at least 15 per cent for non-institutional investors (NIIs) and at least 35 per cent for retail investors.