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  Milky Mist Dairy Food Ltd
Registered Office: SF No.43/1-4 Pattakaranpalayam,Perundurai , Erode - 638057 , Tamil Nadu , India.
Phone : 91-424-2533 248   Fax:
Email :  investor@milkymist.com  
Website :  www.milkymist.com
Initial public offering of 110,943,192 equity shares of face value of rupee2 each ("Equity Shares") of Milky Mist Dairy Food Limited ("the Company" or "Issuer") for cash at a price of rupee140 per equity share (Including a premium of rupee138 per Equity Share) ("Offer Price") aggregating to rupee1553.00 Crores comprising a fresh issue of 102,014,622 equity shares of face value of rupee2 each aggregating to rupee1428.00 crores by the company (the "Fresh Issue") and an offer for sale of 8,928,570 equity shares ("Offered Shares") aggregating to rupee125.00 Crores by Sathishkumar T and Anitha S (the "Promoter Selling Shareholders", and such offer for sale by the promoter selling shareholders, the "Offer for Sale" together with the fresh issue, the "Offer"). This offer includes a reservation of 157,480 equity shares of face value of rupee2 each aggregating to rupee2 Crores (Constituting 0.02% of the post-offer Paid-up Equity Share Capital of the Company) for subscription by eligible employees (the "Employee Reservation Portion"). The company, in consultation with the book running lead managers, may offered a discount of 9.29% on the offer price (Equivalent of rupee13 per equity share) to eligible employees bidding under the employee reservation portion ("Employee Discount"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constituted 14.41% and 14.39%, respectively of the post-offer paid-up equity share capital of the company. The company, in consultation with the book running lead managers, undertook a pre-ipo placement of (i) 543,789 equity shares of face value of rupee2 each at a price of rupee139.76 per equity share (including a premium of rupee137.76 per equity share); and (ii) 25,000,000 ccps of face value of rupee2 each at a price of rupee139.76 per ccps, aggregating to rupee357.00 million, as permitted under the applicable law. The pre-ipo placement was at a price decided by the company, in consultation with the book running lead managers and was completed prior to filing of this red herring prospectus with the roc. The amount raised pursuant to the pre-ipo placement was reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended and the size of the fresh issue has been revised to up to rupee1428.00 Crores. The pre-ipo placement did not exceed 20% of the original size of the fresh issue as disclosed in the draft red herring prospectus. The company had appropriately intimated the subscribers to the pre ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement has been appropriately made in the relevant sections of this red herring prospectus and will be made in the prospectus. Price Band: rupee140 per equity share of face value of rupee2 each. The floor price 70.00 times the face value of the equity shares, respectively. Bids can be made for a minimum of 107 equity shares of face value of rupee2 each and in multiples of 107 equity shares of face value of rupee2 each thereafter. A discount of rupee13 per equity share is being offered to eligible employees bidding in the employee reservation portion.

Issue Money Payable On
Opens On Closes On Application Allotment
11-Aug-26 13-Aug-26 Rs140.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :107  Further Multiples of :107

  RsCr Lead Managers to the Issue
Project Cost 1328.03
Axis Capital Limited
Project Financed through Current Offer 1553.00  
Post Issue Equity Share Capital 155.75  
Issue Price Rs140.00  
 
Projects
 Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company Deployment of visi coolers, ice cream freezers and chocolate coolers
 Financing the capital expenditure requirements in relation to the expansion and modernisation of the company Perundurai Manufacturing Facility General corporate purposes
Promoted By
 Sathishkumar T
 Anitha S
 Taurus Family Private Trust
Listing At
 BSE 
 NSE 
Registrar to the Issue
 KFin Techologies Ltd