Milky Mist Dairy Food opens its IPO for subscription today, August 11, marking one of the most closely watched offerings in the current primary-market calendar. The company has fixed a price band of Rs. 133–140 per share and is looking to raise approximately Rs. 1,553 cr.
The issue comprises a fresh issue of up to Rs. 1,428 cr. and an offer for sale of Rs. 125 cr. The company focuses on value-added dairy products including paneer, cheese, butter, yoghurt and other packaged foods. The IPO will remain open until August 13, with listing expected on August 18.
