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Milky Mist sets ₹133–140 IPO price band for ₹1,553 crore issue
Tamil Nadu dairy maker Milky Mist set a ₹133-140 IPO price band for its ₹1,553 crore issue, opening August 11. Proceeds will repay debt and expand and modernise its Perundurai manufacturing facility; listing is expected August 18.
- Fresh issue size₹1,428.2 crore
- Offer for sale size₹125 crore
Reported figures
From the report. Source details below
- ₹1,428.2 crore fresh issue
- ₹125 crore offer for sale
- ₹10,778 crore valuation at upper price band
- ₹14,980 minimum investment
- 5.2% Temasek/Jongsong stake
- ₹139.76 pre-IPO placement price
Other figures
- 107-share minimum lot
- 50% QIB allocation
- 15% NII allocation
- 35% retail allocation