Milky Mist Dairy Food

Milky Mist IPO

Listed

MainboardOpens 11 August 2026Closes 13 August 2026

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…

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Live GMPSubscriptionAllotment
Price band
₹133 - ₹140
Issue size
₹1,553 Cr
Lot size
107 shares
Type
Mainboard
GMP
₹20 (+14.3%)
Est. listing
₹160
Est. profit / app
₹2,140
Retail quota
35.00%

Key ratios

As per RHP / filings
Face value
₹2
EPS
1.98
P/E ratio
70.71
RoNW
33.6%
ROE
32.12%
Debt / Equity
3.61
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Timeline

  1. IPO Opens

    11 Aug 2026

  2. IPO Closes

    13 Aug 2026

  3. Allotment

    14 Aug 2026

  4. Listing

    18 Aug 2026

IPO Timeline & Listing Details

EventDate
IPO Open Date11 August 2026
IPO Close Date13 August 2026
Allotment Date14 August 2026
Listing Date18 August 2026

Investment Categories

CategoryLotsAmount
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

CategoryReservation
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%
Retail35.00%
Total100.00%

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.
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Financial Performance

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)2,676.462,150.591,606.26
Revenue (₹ Cr.)3,145.012,354.791,826.86
PAT (₹ Cr.)127.0146.0719.44
Net Worth (₹ Cr.)378242.77197.05

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Milky Mist India23.8570.7133.6%378
Tata Consumer Products4.9465.517.08%220.17
Parag Milk Foods2.2721.1710.73%84.96

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0.41x0.69x164.03x
NII0.97x3.75x36.75x
S-HNI1.65x5.66x32.08x
B-HNI0.63x2.8x39.09x
RII1.01x2.57x8.86x
EMP2.19x5.14x13.14x
Total0.84x2.29x59.08x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB2,21,57,1443,63,45,17,68550,883.25
NII1,66,17,85761,07,15,6618,550.02
Small NII55,39,28617,76,87,6242,487.63
Big NII1,10,78,57143,30,28,0376,062.39
RII3,87,75,00034,34,22,0644,807.91
EMP1,57,48020,68,84528.96
Total7,77,07,4814,59,07,24,25564,270.14
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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

Frequently Asked Questions

What does Milky Mist Dairy Food Limited do?
Milky Mist Dairy Food Limited manufactures and distributes value-added dairy products (paneer, curd, cheese, ghee, butter, ice cream) and frozen food products across India and international markets.
What are the IPO dates for Milky Mist Dairy Food IPO?
The Milky Mist Dairy Food IPO opens for public subscription on August 11, 2026, and closes on August 13, 2026. The anchor investor bidding date is August 10, 2026.
What is the price band and minimum investment for Milky Mist Dairy Food IPO?
The price band is fixed at ₹133.00 to ₹140.00 per share. Retail investors can apply for a minimum lot of 1 lot (107 shares), requiring an investment of ₹14,980 at the upper price band.
What is the issue size of Milky Mist Dairy Food IPO?
The total issue size is ₹1,553.00 Crores, comprising a Fresh Issue of ₹1,428.00 Crores and an Offer for Sale (OFS) of ₹125.00 Crores.
What is the Milky Mist Dairy Food IPO listing date?
The equity shares of Milky Mist Dairy Food Limited are tentatively scheduled to list on BSE and NSE on August 18, 2026.

Milky Mist IPO News & Updates

Follow the latest updates for Milky Mist IPO, including grey market moves and allotment news.

Milky Mist IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Milky Mist IPO Details

Issue size, price, financials, and company info

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, How allotment chances work, and IPO fund allocation.

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.

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