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Milky Mist’s ₹1,553 crore IPO reaches 84% subscription on day two
Indian premium dairy brand Milky Mist's Rs 1,553 crore IPO was 84% subscribed early on day two. Fresh proceeds will repay debt, modernise its Perundurai facility and expand cold-chain infrastructure, including coolers and new whey protein, yogurt and cream cheese plants.
Newer report , , Mint : Milky Mist Q1 revenue climbs 44% as EBITDA margin expands to 14.9%
Reported figures
From the report. Source details below
| Price band: | Rs 133-140 per share |
|---|---|
| Fresh issue: | up to Rs 1,428 crore |
| Offer for sale: | up to Rs 125 crore |
| Expected post-issue valuation: | Rs 10,310-10,778 crore |
| Pre-IPO funding: | Rs 482 crore |
| Anchor investment: | Rs 465.30 crore |
| QIB subscription: | 0.39 times |
| NII subscription: | 0.97 times |
| Retail subscription: | 1.03 times |
| Employee subscription: | 2.21 times |
| GMP: | Rs 22.5 |
| Estimated listing price: | Rs 162.5 |
| Expected gain: | 16.07% |
| Proposed listing date: | August 18 |