The public issue of Milky Mist Dairy Food Limited opens today for subscription at a price band of ₹ 133- 140. Of the total allocation, about 1.54 crore equity shares were allocated to 9 domestic mutual funds through 13 schemes. Other participants include Nippon MF, HDFC MF, ICICI Pru MF, 360 One, White Oak, Invesco MF, Motilal Oswal MF, Edelweiss MF, HSBC MF, Trust MF, and Union Small Cap Fund. Brokerages views:SBI Securities: Milky Mist Dairy Foods focuses primarily on VADP, a higher-margin product compared to its peers, which are heavily invested in traditional, low-margin liquid milk businesses. Anand Rathi: Milky Mist is valued at an implied P/E of 84.9x based on FY26 earnings at the upper price band.