Milky Mist Raises ₹465 Cr from Anchor Investors Ahead of IPO
By ThePip Desk
Milky Mist Dairy Food secures ₹465 crore from 19 anchor investors, including Zulia Investments, ahead of its August 11, 2026 IPO. Price set at ₹140 per share.
Milky Mist Dairy Food, a Tamil Nadu-based dairy products company, just secured approximately ₹465 crore from 19 anchor investors. This substantial pre-IPO raise happened ahead of its Initial Public Offering, set to open on August 11, 2026.
The Anchor Deal
The IPO Committee of the Board finalized the allocation on August 10, 2026. They distributed 33,235,713 equity shares to these investors.
- Total raised: ₹465.30 crore
- Shares allocated: 33,235,713 equity shares
- Price per share: ₹140 (including ₹2 face value and ₹138 premium)
Key Investors
Singapore-based Zulia Investments Pte Ltd emerged as the largest single participant, acquiring 11,428,670 shares. This accounted for a significant portion of the total.
- Zulia Investments’ stake: 34.4% of total anchor allocation
- Zulia Investments’ value: ₹160 crore
Domestic mutual funds also played a substantial role. Nine different funds, operating via 13 schemes, were allotted 15,378,056 shares.
- Mutual funds’ stake: 46.1% of anchor allocation
- Mutual funds’ value: ₹215.3 crore
IPO Timeline and Management
The IPO is scheduled to open on August 11, 2026, and close on August 13, 2026. This offers a brief window for public subscription.
The entire anchor round was efficiently managed by a consortium of financial services firms. These included JM Financial, Axis Capital, and IIFL Capital Services.