The much-awaited Milky Mist Dairy Food IPO is set to open for subscription tomorrow, August 11, with the three-day bidding window closing on August 13. The Rs 1,553 crore public issue is already attracting attention in the grey market, where the Grey Market Premium (GMP) stands at around 20% over the upper price band of Rs 140, signalling strong potential listing gains if the trend holds.
Milky Mist Dairy Food’s Rs 1,553 crore IPO is a book-built issue comprising a fresh issue of 10.20 crore shares worth Rs 1,428 crore and an offer for sale (OFS) of 0.89 crore shares valued at Rs 125 crore. Under the OFS, promoter shareholders Sathishkumar T. and Anitha S. will sell shares worth Rs 75 crore and Rs 50 crore, respectively.
