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Milky Mist raises ₹465 crore from anchor investors ahead of IPO
Premium dairy brand Milky Mist raised ₹465.29 crore from 19 anchor investors before its IPO. Fresh-issue proceeds will repay borrowings, expand and modernise its Perundurai facility, and fund deployment of visi coolers, ice-cream freezers and chocolate coolers.
Reported figures
From the report. Source details below
| 3,32,35,713 equity shares allotted to | 19 anchor investors |
|---|---|
| IPO fresh issue: | 102 million shares aggregating ₹1,428 crore |
| OFS: | up to 8.9 million shares worth ₹125 crore |
| IPO price band: | ₹133-140 per share |
| Minimum retail application: | 107 shares or ₹14,980 at upper band |