Milky Mist Dairy Food Limited has fixed the price band for its initial public offering at ₹133 to ₹140 per equity share, setting the stage for its market debut later this week.
The pricing decision concludes the preliminary phase of the ₹1,553 crore raise, which will open for subscription on Tuesday, August 11, and close on Thursday, August 13.
The narrow price band of ₹7 per share suggests the company and its bookrunners have reached a consensus on valuation with institutional investors during the roadshow.
For market participants, the fixed band provides clarity on the entry point for the dairy sector listing, allowing investors to assess the offer against comparable peers in the food and beverage space before committing capital.
The subscription window will remain open for three trading days, giving retail and institutional investors time to evaluate the prospectus details and financial disclosures.
The final allotment and listing will follow the standard regulatory timeline after the book closes, pending approval from the relevant stock exchanges.