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Milky Mist IPO opens Aug 11: Expect 18.5% listing premium?
11 Aug
Summary
- Milky Mist IPO opens Aug 11, closes Aug 13, with an upper price band of Rs 140.
- The IPO aims to raise Rs 1,553 crore through fresh issue and offer for sale.
- Company plans to use funds for debt repayment and manufacturing facility expansion.
Milky Mist Dairy Food is launching its Rs 1,553 crore Initial Public Offering (IPO) on August 11, 2026. The subscription window will remain open until August 13, 2026. The company has set the IPO price band between Rs 133 and Rs 140 per share.
The substantial Rs 1,553 crore offering comprises a fresh issuance of equity shares valued at Rs 1,428 crore and an offer for sale (OFS) of Rs 125 crore. Proceeds from the IPO are earmarked for significant strategic uses, including the repayment or prepayment of outstanding borrowings totaling Rs 496.86 crore.
Furthermore, Rs 469.24 crore has been allocated for capital expenditure dedicated to expanding and modernizing the manufacturing facility located in Perundurai, Tamil Nadu. An additional Rs 155.31 crore will be invested in visi coolers, ice cream freezers, and chocolate coolers.
Milky Mist reported a notable improvement in financial performance for the fiscal year 2026. Total income rose to Rs 3,145.01 crore from Rs 2,354.79 crore in FY25, while profit after tax saw a significant jump to Rs 127.01 crore from Rs 46.07 crore in the previous fiscal year.
