Chennai: Milky Mist Dairy Food, the Tamil Nadu-based dairy products company, has raised about Rs 465 crore from 19 anchor investors ahead of its initial public offering (IPO), which opens on August 11 and closes on August 13.The IPO Committee of the Board, which met on August 10, 2026, finalised the allocation of 3,32,35,713 equity shares (face value Rs 2 each) to anchor investors at Rs 140 per share, comprising Rs 2 face value and a share premium of Rs 138. The total allocation amounts to Rs 465.30 crore.Singapore-based Zulia Investments Pte Ltd was the largest single investor, picking up 1,14,28,670 shares, or 34.4% of the anchor allocation, worth Rs 160 crore.Domestic mutual funds accounted for a significant share of the allocation. In total, nine domestic mutual funds, through 13 schemes, were allotted 1,53,78,056 shares, or 46.1% of the anchor allocation, worth Rs 215.3 crore.The anchor round was managed by JM Financial, Axis Capital and IIFL Capital Services.
