India, Aug. 6 -- Dairy products maker Milky Mist Dairy Food Ltd has fixed a price band of Rs 133 to Rs 140 per share for its Rs 1,553 crore initial public offering (IPO), which will open for subscription on Aug. 11.

The public issue will close on Aug. 13, while the anchor investor portion will open on Aug. 10, the company said on Thursday.

The IPO comprises a fresh issue of shares worth Rs 1,428 crore and an offer for sale of Rs 125 crore, making it the largest public issue by an Indian dairy company.

At the upper end of the price band, the company is expected to command a post-issue valuation of about Rs 10,778 crore.

Milky Mist said the proceeds from the fresh issue will be used to repay borrowings, expand and modernise its manufact...