The Milky Mist anchor lock-in ends on 12 November 2026. From that day, the last of the anchor shares can be sold on the exchange. The stock closed at ₹296.70 on 9 November, about 112% above the IPO price of ₹140.
What is ending on 12 November?
Anchors are large funds that put in money the day before an IPO opens. They must then hold the shares for a set time. Half could be sold after 30 days. The other half was held back for 90 days.
That 90-day wait ends on 12 November, so no anchor shares stay locked after it. Being able to sell is not the same as selling. Some funds may simply keep holding.
Who were the anchors?
The anchor book had 19 investors across 15 fund houses. Together they committed ₹465.29 crore a day before the issue opened. That is close to 30% of the ₹1,553 crore issue. Their price was ₹140, the same as for other investors.
How has the stock moved?
Milky Mist listed on 18 August at ₹165, which was 17.9% above the issue price. After 30 days it closed at ₹274.76 on 17 September. The latest price is higher again.
| Date | Price | Vs issue price |
|---|---|---|
| Issue price | ₹140 | - |
| Listing open, 18 Aug | ₹165 | +17.9% |
| 30 days later, 17 Sep | ₹274.76 | +96.3% |
| Latest, 9 Nov | ₹296.70 | +111.9% |
What our data shows
At ₹140 a share, the anchors are up about 112% on paper. The stock has risen about 8% since the first lock-in ended. On IPO Guru, 10 of 10 analysts who reviewed this issue had said Apply. By the listing open and again at 30 days, the price was above issue, so every call held up.
About the company and the issue
Milky Mist makes cheese, paneer, butter, curd, ghee and ice cream. It buys milk directly from farmers and sells under brands such as Milky Mist and SmartChef. The issue was mostly fresh shares, with a small offer for sale (OFS), where existing shareholders sell. Promoter holding fell from 93% to 79.52%.
The issue was subscribed 56.12 times overall. Big investors like mutual funds (QIBs) bid 155.83 times their quota. Retail investors bid 8.41 times. The money is meant to repay loans, expand the Perundurai plant and buy coolers and freezers for shops.
What happens next
Our data cannot tell what the funds will do. Any large trade after 12 November would show up in the exchange bulk and block deal reports.
See the full details on the Milky Mist Dairy Food IPO page. Other lock-ins end this week too, and we listed them in our weekly lock-in roundup. For how other issues did after listing, see the IPO performance table.
