Milky Mist IPO: Check IPO Date, Live Subscription and Key Details
Milky Mist Dairy Food Limited (originally incorporated in 1998 as a partnership firm M.M.D. Dairy and converted to a company in 2014) is a leading Indian dairy and food products manufacturer. The company specializes in value-added dairy products (VADP) and frozen foods, offering an extensive range including packaged paneer, curd, ghee, butter, cheese, yogurt, ice cream, UHT long-shelf-life products, chocolates, and ready-to-cook/ready-to-eat items. Milky Mist operates an integrated farm-to-retail supply chain, sourcing milk directly from over 67,000 farmers across Tamil Nadu, Andhra Pradesh, and Karnataka to power its mega manufacturing facility in Perundurai (Erode, Tamil Nadu) and its frozen foods plant in Bengaluru (Karnataka).
Key Metrics
Check Live GMPGMPTimeline
IPO Opens
11 Aug
IPO Closes
13 Aug
Allotment
14 Aug
Listing
18 Aug
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 11 August 2026 | Subscription starts |
| IPO Close Date | 13 August 2026 | Subscription ends |
| Allotment Date | 14 August 2026 | Allotment |
| Listing Date | 18 August 2026 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,980 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,740 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,720 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,88,680 |
BHNIAbove ₹10,00,000 | 67 | ₹10,03,660 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Repayment / prepayment, in full or in part, of certain outstanding borrowings availed by our Company (₹496.86 Cr).
- Financing capital expenditure requirements in relation to the expansion and modernisation of Perundurai Manufacturing Facility (₹469.24 Cr).
- Deployment of visi coolers, ice cream freezers and chocolate coolers (₹155.31 Cr).
- General Corporate Purposes.
Strengths
- Leading brand positioning in value-added dairy products with strong market share in packaged paneer and cheese.
- Fully integrated farm-to-retail supply chain with direct milk sourcing from over 67,000 farmers.
- State-of-the-art automated processing facilities in Perundurai and cold-chain infrastructure across South India.
- Omnichannel distribution network covering general trade, modern trade, HoReCa, e-commerce, and exclusive retail parlours.
Weaknesses
- Geographical concentration of milk procurement (94.51% sourced from Tamil Nadu in FY26).
- High dependence on key product categories (paneer, cheese, and curd accounted for 59.05% of FY26 revenue).
- Vulnerability to raw milk price volatility, seasonal supply-demand imbalances, and livestock disease outbreaks.
- Capital-intensive business with substantial debt service requirements.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 2,676.46 | 2,150.59 | 1,606.26 |
| Revenue (₹ Cr.) | 3,145.01 | 2,354.79 | 1,826.86 |
| PAT (₹ Cr.) | 127.01 | 46.07 | 19.44 |
| Net Worth (₹ Cr.) | 378 | 242.77 | 197.05 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Milky Mist India | 23.85 | 70.71 | 33.6% | 378 |
| Tata Consumer Products | 4.94 | 65.51 | 7.08% | 220.17 |
| Parag Milk Foods | 2.27 | 21.17 | 10.73% | 84.96 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- Milky Mist Dairy Food Limited
- SF No. 43/1-4, Pattakaranpalayam, Perundurai, Erode District - 638 057, Tamil Nadu, India
- +91 424 2533248
- investor@milkymist.com
- https://www.milkymist.com/
Registrar Details
- KFin Technologies Limited
- +91 40 6716 2222
- milky.ipo@kfintech.com
- https://www.kfintech.com/
Frequently Asked Questions
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Milky Mist IPO News & Updates
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Milky Mist IPO IPO Pages
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Milky Mist IPO Details
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Milky Mist IPO GMP
Live grey market premium and listing estimate
Milky Mist IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Milky Mist IPO Allotment
Allotment date, chances, and check by PAN
Milky Mist IPO Review
SWOT, strengths, risks, and IPO review
Milky Mist IPO FAQ
Common questions on dates, GMP, and allotment
Milky Mist IPO Registrar
Registrar website and how to check allotment
Milky Mist IPO Timeline
Open, close, allotment, and listing dates
Milky Mist IPO News
Updates, blogs, and latest IPO news
Sources
We match Milky Mist IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- KFin Technologies LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, and How allotment chances work.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.