Milky Mist, Shiprocket Downsize IPOs for August 2026 Launch

Milky Mist Dairy Food and Shiprocket are set for August 2026 IPOs, each reducing their offering size. Milky Mist cut its IPO to Rs 1,553 crore from Rs 2,035 crore after a pre-IPO deal with Temasek.

Shiprocket, a Gurugram-based logistics firm, also trimmed its issue by 30% from its initial filing. It now stands at Rs 1,617.5 crore, opening on August 12.

Milky Mist’s Revised Offering

The Tamil Nadu-based dairy products company’s revised IPO includes a fresh issue of Rs 1,428 crore and an offer for sale (OFS) of up to Rs 125 crore. The public offering is scheduled to open on August 11.

• Initial IPO size: Rs 2,035 crore
• Revised IPO size: Rs 1,553 crore
• Price band: Rs 133-140 per share
• Post-issue market valuation: around Rs 10,800 crore
• Pre-IPO funding: Rs 482 crore from Jongsong Investments (Temasek) for a 5.16% stake in April and May.

Milky Mist focuses on value-added dairy products such as paneer, cheese, curd, yogurt, butter, ghee, and ice cream, deliberately avoiding the liquid milk segment.

Shiprocket Scales Down IPO

Shiprocket’s IPO comprises a fresh issue of Rs 885.50 crore and an OFS of Rs 732 crore. Several existing shareholders will dilute their stakes in the offering, which has a price band of Rs 92-97.

• Revised IPO size: Rs 1,617.5 crore
• Opening date: August 12
• Largest institutional seller: Lightrock, divesting approximately Rs 272 crore.
• Co-founders selling shares: Saahil Goel (Rs 61 crore), Gautam Kapoor (Rs 61 crore), and Vishesh Khurana (Rs 20 crore).
• Post-issue market valuation: about Rs 7,058 crore at the upper end of its price band.

Founded in 2017, Shiprocket has expanded from a logistics aggregation platform to a comprehensive e-commerce enablement company. Proceeds from the IPO will be used for debt repayment, inorganic growth, and general corporate purposes.