Milky Mist Dairy Food Raises Rs 465 Cr from Anchor Investors Milky Mist Dairy Food Ltd announced on Monday that it has raised Rs 465.30 crore from anchor investors ahead of its Rs 1,553 crore initial public offering (IPO). The allocation of 3.32 crore equity shares was made at Rs 140 per share, the upper end of the IPO price band. Zulia Investments Pte Ltd received the largest allocation of 1.14 crore shares, accounting for 34.39 per cent of the anchor investor portion, valued at approximately Rs 160 crore. Other major anchor investors included Nippon India Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Public Sector Pension Investment Board-IIFL Asset Management, India Acorn Fund, and International Finance Corporation (IFC). Of the total anchor allocation, 1.54 crore shares, or 46.27 per cent, were allotted to nine domestic mutual funds through 13 schemes. The IPO, which opens for subscription on August 11 and closes on August 13, has a price band of Rs 133-140 per share. The issue comprises a fresh share sale of up to Rs 1,428 crore and an offer for sale (OFS) of up to Rs 125 crore. The company had previously planned to raise Rs 2,035 crore through its IPO, including a fresh issue of Rs 1,785 crore and an OFS of Rs 250 crore. At the upper end of the price band, the post-issue market valuation is expected to reach around Rs 10,778 crore. The IPO follows a pre-IPO fundraising round in May, where Milky Mist raised approximately Rs 482 crore from Jongsong Investments Pte Ltd, an indirect subsidiary of Temasek Holdings. That transaction included a primary capital infusion of Rs 357 crore and a secondary share sale of Rs 125 crore.#icici_prudential_mutual_fund #hdfc_mutual_fund #nippon_india_mutual_fund #milky_mist_dairy_food_ltd #zulia_investments_pte_ltd
Powerica IPO: Anchor Investors Commit Rs 329 Crore Ahead of Public Offering Powerica Ltd has secured Rs 329.40 crore from anchor investors ahead of its Rs 1,100 crore initial public offering (IPO), which is set to open for subscription on March 24. The company finalized the allocation of 83,39,239 equity shares to institutional investors at Rs 395 per share, according to a circular uploaded on the BSE website. The shares were allocated to entities such as SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Quant Mutual Fund, Bandhan Mutual Fund, and insurance companies including Kotak Life, Edelweiss Life, and Reliance Nippon Life. The IPO, which is the company’s maiden public offering, is priced between Rs 375 and Rs 395 per share, valuing Powerica at nearly Rs 5,000 crore. The offering combines a fresh issue of Rs 700 crore and an Offer For Sale (OFS) of Rs 300 crore from promoters. The OFS size was reduced from the initial Rs 700 crore proposed in August 2025, bringing the total IPO size down to Rs 1,000 crore. Under the OFS, the Naresh Oberoi Family Trust and Kabir and Kimaya Family Private Trust will offload shares. Of the fresh issue, Rs 525 crore will be used to reduce the company’s debt, with the remainder allocated for general corporate purposes. Powerica’s total borrowings stood at Rs 571.95 crore as of September 30, 2025, as per the red herring prospectus. This marks the company’s second attempt to go public. In 2019, Powerica had filed draft papers with the Securities and Exchange Board of India (SEBI) for an IPO, but the plan was shelved. The company is set to debut on the stock market on April 2. Powerica is an integrated power solutions provider specializing in diesel generator sets (DG sets), medium-speed large generators (MSLG), and related services.#sbi_mutual_fund #powerica_ltd #hdfc_mutual_fund #icici_prudential_mutual_fund #quant_mutual_fund
