IPO Synopsis

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 up to 110,928,571 equity shares of face value of Rs. 2 each ("Equity Shares") of Milky Mist Dairy Food Limited ("the Company" or "Issuer") for cash at a price of Rs. 140 per equity share (Including a premium of Rs. 138 per Equity Share) ("Offer Price") aggregating up to Rs. 1553.00 Crores comprising a fresh issue of up to 102,000,000 equity shares of face value of Rs. 2 each aggregating up to Rs. 1428.00 crores by the company (the "Fresh Issue") and an offer for sale of up to 8,928,571 equity shares ("Offered Shares") aggregating up to Rs. 125.00 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 up to 142,857 equity shares of face value of Rs. 2 each aggregating up to Rs. 2 Crores (Constituting up to [*]% 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 offer a discount of up to [*]% (Equivalent of Rs. 13 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 constitute [*]% and [*]%, 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 Rs. 2 each at a price of Rs. 139.76 per equity share (including a premium of Rs. 137.76 per equity share); and (ii) 25,000,000 ccps of face value of Rs. 2 each at a price of Rs. 139.76 per ccps, aggregating to Rs. 357.00 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 Rs. 1428.00 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: Rs. 133 to Rs. 140 per equity share of face value of Rs. 2 each. The floor price and the cap price are 66.50 times and 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 Rs. 2 each and in multiples of 107 equity shares of face value of Rs. 2 each thereafter. A discount of Rs. 13 per equity share is being offered to eligible employees bidding in the employee reservation portion. Issue Opens On Closes On 11-Aug-26 13-Aug-26 Money Payable On Application Allotment 133.00 0.00 Minimum Application for shares in Nos : 107 Further Multiples of : 107 Cr Lead Managers to the Issue Project Cost (.Cr) 0.00 Axis Capital Limited Project Financed through Current Offer (.Cr) 1553.00   Post Issue Equity Share Capital (.Cr) 155.75 Issue Price () 133.00

Projects

Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company Financing the capital expenditure requirements in relation to the expansion and modernisation of the company Perundurai Manufacturing Facility Deployment of visi coolers, ice cream freezers and chocolate coolers General corporate purposes

Promoted By

Sathishkumar T

Anitha S

Taurus Family Private Trust

Listing At

BSE

NSE

Registrar to the Issue

KFin Techologies Ltd