Milky Mist Dairy Food IPO Day 2 Subscription Status: Issue Booked 1.13x So Far

Mumbai, August 12: The Milky Mist Dairy Food IPO crossed the one-time subscription mark on the second day of bidding, with the ₹1,553 crore issue receiving bids for more shares than were on offer by 10:49 AM on August 12.

The IPO opened on August 11 and is scheduled to close on August 13, 2026. By the latest update, investors had bid for 8,78,29,238 shares against 7,77,07,481 shares available for subscription, taking the overall subscription to 1.13 times.

Demand was strongest in the employee and NII/HNI categories. The employee portion was subscribed 2.91 times, while NII/HNI investors bid 1.46 times the shares reserved for them. Retail investors subscribed 1.39 times their quota.

The QIB portion, excluding anchor investors, remained at 0.41 times.

Milky Mist Dairy Food IPO Day 2 Subscription Status

At 10:49 AM, the issue had received 3,90,237 applications. Retail investors had bid for 5,39,75,080 shares against 3,87,75,000 shares reserved for the category.

The picture is notably different from the close of Day 1, when the IPO was subscribed 0.84 times overall. Retail subscription was already above one time on the first day, while the NII/HNI portion was at 0.97 times.

By the second-day morning update, both categories had moved further ahead.

Category-wise Milky Mist Dairy Food IPO Subscription Status

Within the NII/HNI segment, the smaller NII category recorded the higher subscription level. The sNII portion was subscribed 2.45 times, while the bNII segment stood at 0.96 times.

The QIB category has yet to reach full subscription, with bids covering 0.41 times the shares reserved for QIBs excluding the anchor portion.

Milky Mist Dairy Food Day-Wise Subscription Summary

Subscription gathered pace in the second session. The overall figure moved from 0.84 times at the end of Day 1 to 1.13 times by 10:49 AM on Day 2.

The latest figures are based on subscription data available up to 10:49 AM on August 12. Bidding remains open through August 13.

Milky Mist Dairy Food IPO Timeline

Brief Overview Of The Milky Mist Dairy Food IPO

Milky Mist Dairy Food IPO is a ₹1,553 crore book-built issue comprising a fresh issue of 10,20,14,623 shares aggregating up to ₹1,428 crore and an offer for sale of 89,28,570 shares aggregating up to ₹125 crore.

The price band is ₹133 to ₹140 per share. A retail investor can apply for a minimum of 107 shares, requiring ₹14,980 at the upper end of the price band.

Milky Mist Dairy Food Limited operates in the dairy and packaged food segment. Its product range includes cheese, paneer, butter, curd, ghee, yoghurt, ice cream, UHT products, frozen foods, ready-to-eat and ready-to-cook products, as well as chocolates.

The company follows an integrated operating model covering milk sourcing, processing, distribution and sales. Its products are distributed through multiple channels across the market.

The issue has reserved 50% of the net offer for QIBs, 15% for NII/HNI investors and 35% for retail investors. An employee reservation of 1,57,480 shares is also part of the issue structure.

At the upper end of the price band, the company has a market capitalisation of about ₹10,777.81 crore. The IPO will remain open for subscription until August 13, with allotment scheduled for August 14 and listing planned for August 18, 2026.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/milky-mist-ipo-anchor-allocation-letter.pdf