Milky Mist IPO Lists at 14.07% Premium on NSE & BSE
Dairy products in a processing facility
Key Highlights
Milky Mist Dairy Food Ltd. IPO successfully debuted on NSE & BSE with a 14.07% listing premium. Oversubscribed 56.12 times, it garnered strong investor interest.
Milky Mist Dairy Food Ltd. shares debuted today on the and , opening with a potential listing premium of 14.07% over the upper price band of Rs 140.
The (GMP) for the stood at Rs 19.7, indicating an estimated listing price of Rs 159.7 per share.
Key Listing Figures
- GMP: Rs 19.7
- Estimated Listing Price: Rs 159.7 per share
- Potential Listing Premium: 14.07%
The IPO saw significant investor interest, oversubscribed by a total of 56.12 times by the close of bidding on August 13.
Breakdown
- (QIBs): 155.83 times
- Non-Institutional Investors (NIIs): 34.91 times
- Investors: 8.41 times
The total IPO size was set at Rs 1,553 crore, structured with both a fresh issue and an .
IPO Structure Details
- : 10.2 crore equity shares (worth Rs 1,428 crore)
- Offer for Sale (OFS): 89.28 lakh equity shares (valued at Rs 125 crore)
- : Rs 133–Rs 140 per share
- Minimum Retail Bid: 107 shares (requiring Rs 14,980 at upper price band)
Milky Mist plans to allocate the net proceeds from the fresh issue towards several strategic initiatives.
Planned Fund Utilisation
- Repayment or Pre-payment of : Rs 496.86 crore
- Manufacturing Facility Expansion (Capital Expenditure): Rs 469.24 crore
- Deployment of Coolers and Freezers: Rs 155.31 crore
- General Corporate Purposes
Established in 2014, Milky Mist Dairy Food Ltd. operates as a packaged food company, specializing in value-added dairy products like paneer, cheese, and curd, primarily serving southern India.