Milky Mist Dairy Food IPO Details
Milky Mist Dairy Food IPO Summary
Milky Mist Dairy Food IPO opens for subscription on 11 Aug 2026 and closes on 13 Aug 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 18 Aug 2026.
Milky Mist Dairy Food IPO price band has been fixed at ₹133 – ₹140 per share. The face value is ₹2 per share with a lot size of 107.
Milky Mist Dairy Food IPO total issue size comprises 11,09,43,194 shares (aggregating up to ₹1553.20 Cr). This includes a fresh issue of 10,20,14,623 shares (aggregating up to ₹1428.20 Cr). Offer for Sale consists of 89,28,571 shares (aggregating up to ₹125.00 Cr). Pre-issue shareholding stands at 66,78,28,789, which will increase to 76,98,43,412 post-issue.
Milky Mist Dairy Food IPO carries a ₹25 (17.86%) GMP, reflecting investor sentiment.
Milky Mist Dairy Food IPO Lot Size :Retail Minimum is 1 lot (107 shares) amounting to ₹14,980. Retail Maximum is 13 lots (1,391 shares) amounting to ₹194,740. SHNI Minimum is 14 lots (1,498 shares) amounting to ₹209,720. SHNI Maximum is 66 lots (7,062 shares) amounting to ₹988,680. BHNI Minimum is 67 lots (7,169 shares) amounting to ₹1,003,660.
Milky Mist Dairy Food IPO Details
Milky Mist Dairy Food IPO Subscription
Milky Mist Dairy Food IPO Application Wise Breakup (Approx)
Milky Mist Dairy Food IPO Dates
- 11 Aug 2026Opening dateOpen
- 13 Aug 2026Closing dateClose
- 14 Aug 2026Allotment Date Allotment
- 17 Aug 2026Initiation of RefundsRefund
- 17 Aug 2026Credit of SharesCredit
- 18 Aug 2026Listing dateListing
Milky Mist Dairy Food IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 107 | ₹14,980 |
| Retail Maximum | 13 | 1391 | ₹194,740 |
| SHNI Minimum | 14 | 1498 | ₹209,720 |
| SHNI Maximum | 66 | 7062 | ₹988,680 |
| BHNI Minimum | 67 | 7169 | ₹1,003,660 |
Milky Mist Dairy Food IPO Reservation
Promoter Holding
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Milky Mist Dairy Food IPO Valuations
Milky Mist Dairy Food Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 2,676.46 | 2,150.59 | 1,606.26 |
| Total Income | 3,145.01 | 2,354.79 | 1,826.86 |
| Profit After Tax | 127.01 | 46.07 | 19.44 |
| EBITDA | 435.22 | 310.35 | 222.33 |
| NET Worth | 378.00 | 242.77 | 197.05 |
| Reserves and Surplus | 333.55 | 199.23 | 278.04 |
| Total Borrowing | 1,671.85 | 1,376.38 | 1,036.72 |
| Amount in ₹ Crore | |||
About Milky Mist Dairy Food IPO
Incorporated in July 2014, Milky Mist Dairy Food Limited is one of India's fastest-growing packaged food companies focused on premium value-added dairy products. The company manufactures and markets a diversified portfolio including cheese, paneer, butter, curd, ghee, yogurt, ice cream, UHT products, frozen foods, ready-to-eat (RTE), ready-to-cook (RTC) foods, and chocolates under its flagship brand 'Milky Mist' and sub-brands such as SmartChef, Capella, Misty Lite, Briyas, and Asal.
The company operates an integrated farm-to-consumer business model, directly sourcing milk from farmers and processing it through advanced automated manufacturing facilities. Supported by its own cold-chain logistics network and multi-channel distribution system, Milky Mist serves customers across India while focusing on innovation, premium product offerings, and sustainable manufacturing practices.
The company is supported by advanced manufacturing infrastructure, technology-driven processes, experienced management, and a workforce of 1,317 permanent employees across manufacturing, sales & marketing, quality control, and milk collection operations.
Strength Of Milky Mist Dairy Food IPO
- Fastest growing packaged food company in India with established brand equity and leadership across various product categories.
- Diversified and expanding product categories focused on emerging consumer needs.
- Advanced manufacturing capabilities enhanced by automation and technology-driven processes.
- Direct sourcing and focussed engagement with farmers.
- Multi-channel sales with our own logistics infrastructure.
- Experienced management team delivering financial growth with a focus on sustainability.
Risk Of Milky Mist Dairy Food IPO
- We have certain contingent liabilities that have been disclosed in the Restated Consolidated Financial Information (aggregating to Rs. 2,290.09 million as of March 31, 2026), which if they materialize, may adversely affect our business, results of operations, financial condition and cash flows.
- Our manufacturing operations are dependent on the supply of large amounts of raw milk, with the majority of our raw milk procurement being from the state of Tamil Nadu (94.51%, 97.68% and 99.62% of the total raw milk procurement in Fiscals 2026, 2025 and 2024, respectively). Our inability to procure adequate amounts of good quality raw milk, at competitive prices, or any adverse development in the state of Tamil Nadu affecting the milk supply, may have an adverse effect on our business, results of operations, financial condition and cash flows.
- We derive a significant portion of our revenue from the sale of our products in South India. Our aggregate revenue from the sale of products in South India accounted for 69.23%, 71.00% and 73.68% of our revenue from operations for the Fiscals 2026, 2025 and 2024, respectively. Any adverse developments affecting our operations in South India, could have an adverse impact on our business, financial condition, results of operations and cash flows.
- We have substantial indebtedness which requires significant cash flows to service and limits our ability to operate freely. An inability to obtain further financing or to comply with repayment and other covenants in our financing agreements could adversely affect our business, results of operations, financial condition and cash flows. Further, one of our trademarks "Milky Mist" has been hypothecated as security for financing arrangements availed from certain lenders. Enforcement of such security by lenders in the event of default may have an adverse effect on our brand image, reputation and financial results.
- We derive a significant portion of our revenue from the sale of certain products, namely, paneer, cheese and curd (which contributed 59.05%, 62.63% and 66.16% to our revenue from operations in Fiscals 2026, 2025 and 2024, respectively). Our inability to anticipate and adapt to evolving consumer tastes, preferences and demand for such products, or ensure product quality may adversely impact demand for such products and consequently our business, results of operations, financial condition and cash flows.
- We have, in the last 12 months, issued Equity Shares at a price that could be lower than the Offer Price.
- Our Company is required to obtain certain statutory approvals, licenses, registrations and permits to operate our business, manufacturing facility and Milk Chilling Centres. Failure to obtain or renew such approvals in a timely manner, or at all, or comply with laws in relation to safety, health and environmental protection may adversely affect our business, financial condition, results of operations and cash flows.
- We have not entered into definitive arrangements to utilize certain portions of the Net Proceeds of the Offer and the costs to be incurred in relation to such Objects are based on the quotations received from the vendors or estimates of the management. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment or services in a timely manner, or at all, it may result in time and cost over-runs and our business, prospects and results of operations may be adversely affected.
- There have been certain qualifications and adverse remarks by our Company's and our Subsidiary's statutory auditors in their audit reports for Fiscal 2026, 2025 and 2024 under their reporting requirements under the Companies (Auditor's Report) Order, 2020 and Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 (as amended). We cannot assure you that our auditors' reports for any future fiscal periods will not contain such qualifications and adverse remarks.
- Our ability to access capital at attractive costs depends on our credit ratings. Any downgrade of our credit ratings may restrict our access to capital and thereby adversely affect our business, reputation, cash flows and results of operations.
Objectives Milky Mist Dairy Food IPO
1. Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by Company
2. Financing the capital expenditure requirements in relation to the expansion and modernisation of Perundurai Manufacturing Facility
3. Deployment of visi coolers, ice cream freezers and chocolate coolers
4. General corporate purposes
Company Contact Details
Milky Mist Dairy Food Ltd.
SF No. 43/1-4,
Pattakaranpalayam,
Perundurai
Erode, Tamil Nadu, 638057
Phone: 91 424 2533248
Email: investor@milkymist.com
Website: http://www.milkymist.com/
Registrar Contact Details
Milky Mist Dairy Food FAQs
The Milky Mist Dairy Food IPO is a MAINBOARD public issue comprising 110943194 equity shares with a face value of ₹2 each, aggregating to a total issue size of ₹1553.20 Cr. The issue price has been fixed at ₹140 per equity share, and the minimum application size is 107 shares.
The IPO opens for subscription on 11 Aug 2026, and closes on 13 Aug 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹25 (17.86%).
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