Milky Mist Dairy Food Raises ₹465.29 Crore from 19 Anchor Investors Ahead of IPO

Bilkul Bazaar

Milky Mist Dairy Food Limited has raised approximately ₹465.29 crore from 19 anchor investors ahead of its proposed initial public offering (IPO). The company allotted 3,32,35,713 equity shares to anchor investors at the upper price band of ₹140 per share, including a share premium of ₹138.

Of the total allocation, 1,53,78,056 shares were allotted to nine domestic mutual funds through 13 schemes, reflecting strong institutional interest in the dairy company.

The anchor book attracted a mix of prominent domestic and international investors, including Zulia Investments PTE Ltd, a subsidiary of Temasek, and the International Finance Corporation (IFC). Other investors included Nippon Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, 360 ONE, White Oak, Invesco Mutual Fund, Motilal Oswal Mutual Fund, Edelweiss Mutual Fund, HSBC Mutual Fund, Trust Mutual Fund and Union Small Cap Fund.

JM Financial Limited, Axis Capital Limited and IIFL Capital Services Limited are acting as the Book Running Lead Managers to the issue.

Refer the details https://www.bseindia.com/downloads/UploadDocs/Notices/Attach/AnchorIntimationletter$30b4054a-2936-4a78-884c-e2503b16628d.pdf