The Milky Mist Dairy Food IPO opened for subscription on August 11, 2026, and will remain open until August 13. The Rs 1,553 crore public issue includes a fresh issue and an offer for sale (OFS) of shares. Here are seven key things investors should know before subscribing to the public offer: 1) Milky Mist Dairy Food IPO size The Milky Mist Dairy Food IPO is a book-built issue worth Rs 1,553 crore. It comprises a fresh issue of 10.20 crore shares totalling to Rs 1,428 crore and an offer for sale (OFS) of 0.89 crore shares worth Rs 125 crore. 2) Milky Mist IPO price band The company has fixed the IPO price band at Rs 133 to Rs 140 per share. Investors can place bids within this price range. 3) Lot size and minimum investment The lot size has been fixed at 107 shares. At the upper end of the price band, retail investors will need a minimum investment of Rs 14,980 for one lot. 4) Milky Mist Dairy Food IPO subscription and listing dates The IPO opened on August 11 and will close on August 13, 2026. The share allotment is expected to be finalised on August 14, while the shares are proposed to be listed on both NSE and BSE on August 18. 5) Milky Mist IPO investor reservation The QIB portion has been capped at not more than 50 per cent of the net offer. Retail investors have been allocated not less than 35 per cent, while the NII category has been reserved not less than 15 per cent of the net offer. 6) Milky Mist Dairy Food IPO: How will the IPO proceeds be used? A major portion of the IPO proceeds will go towards debt reduction and business expansion. The company plans to use around Rs 496.86 crore for repayment or prepayment of certain borrowings and Rs 469.24 crore for capital expenditure related to the expansion and modernisation of its Perundurai manufacturing facility. It will also deploy around Rs 155.31 crore towards visi coolers, ice cream freezers and chocolate coolers. The remaining proceeds will be used for general corporate purposes. 7) What does Milky Mist Dairy Food do? Milky Mist Dairy Food, incorporated in July 2014, is a packaged food company focused on value-added dairy products. Its portfolio includes cheese, paneer, butter, curd, ghee, yogurt, ice cream, UHT products, frozen foods, ready-to-eat and ready-to-cook products, and chocolates. The company's flagship brand is Milky Mist, along with sub-brands such as SmartChef, Capella, Misty Lite, Briyas and Asal. It follows an integrated farm-to-consumer model, sourcing milk directly from farmers and processing it through automated manufacturing facilities. Add Zee Business as a Preferred Source Zee Business Related Topics RECOMMENDED Shristi Rani Shristi Rani Shristi Rani is a journalist having hands-on experience in digital newsrooms and long-form storytelling. Currently working as a Sub Editor at Zee Business, Shristi has gain ...Read More