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Milky Mist Dairy Food Limited IPO
Value-Added Dairy · FMCG · Frozen Foods · Milky Mist
📋 Mainline IPO
Fresh + OFS
NSE, BSE
₹140
Upper Price
₹1,553.00 Cr
Issue Size
Aug 18, 2026
Listing Date
₹10,777.81 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Tuesday, 11 August 2026
Bidding starts — apply before close
🔒
IPO Closes
Thursday, 13 August 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Friday, 14 August 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Monday, 17 August 2026
Unallotted funds returned; shares credited to demat
🏷️
Tuesday, 18 August 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date11 August 2026 (Tue)
IPO Close Date13 August 2026 (Thu)
Listing Date18 August 2026 (Tue)
Face Value₹2 per share
Price Band₹133 to ₹140
Issue Price (Upper Band)₹140 per share
Issue TypeBook Build — Fresh + OFS
Lot Size107 shares
Total Issue Size11,09,43,193 shares (₹1,553.00 Cr)
Fresh Issue10,20,14,623 shares (₹1,428.00 Cr)
Offer for Sale (OFS)89,28,570 shares (₹125.00 Cr)
Pre-Issue Shares66,78,28,789
Post-Issue Shares76,98,43,412
Promoter Holding (Pre)93.00%
Market Cap (Pre-IPO)₹10,777.81 Cr
Listing ExchangeNSE, BSE
Lead ManagerJM Financial, Axis, IIFL
RegistrarKfin Technologies Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹140| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 107 | ₹14,980 |
| Retail — Maximum | 13 | 1,391 | ₹1,94,740 |
| S-HNI (sNII) — Min | 14 | 1,498 | ₹2,09,720 |
| S-HNI (sNII) — Max | 66 | 7,062 | ₹9,88,680 |
| B-HNI (bNII) — Min | 67 | 7,169 | ₹10,03,660 |
⚠️ Note: Investors can bid for a minimum of 107 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000. Employee discount of ₹13.00 per share is applicable.
👥 Investor Reservation
Allocated portion of Net OfferNot more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 2,676.46 | 2,150.59 | 1,606.26 |
| Total Income | 3,145.01 | 2,354.79 | 1,826.86 |
| PAT | 127.01 | 46.07 | 19.44 |
| EBITDA | 435.22 | 310.35 | 222.33 |
| Net Worth | 378.00 | 242.77 | 197.05 |
| Reserves & Surplus | 333.55 | 199.23 | 278.04 |
| Total Borrowing | 1,671.85 | 1,376.38 | 1,036.72 |
Income Growth
FY 2023–24₹1,826.86 Cr
FY 2024–25₹2,354.79 Cr
FY 2025–26₹3,145.01 Cr
🎯 Key Performance Indicators
32.12%
ROE
FY 2025–26
3.61
Debt/Equity
FY 2025–26
11.73%
ROCE
FY 2025–26
4.05%
PAT Margin
FY 2025–26
13.87%
EBITDA Margin
FY 2025–26
33.60%
RoNW
FY 2025–26
5.87
NAV
FY 2025–26
1,317
Permanent Staff
Employees
⚖️ Valuation & EPS
Pre-IPO EPS
₹1.90
FY26 earnings + pre-issue shares
P/E: 73.68xPost-IPO EPS
₹1.65
FY26 earnings + post-issue shares
P/E: 84.85xPrice to Book Value
23.85x
At upper price band ₹140
Market Cap (Pre-IPO)
₹10,777.81 Cr
At issue price ₹140
ℹ️
Pre-IPO EPS (₹1.90) based on pre-issue shares (66,78,28,789) and FY26 earnings. Post-IPO EPS (₹1.65) accounts for the dilution resulting from the issuance of 10,20,14,623 fresh equity shares extending the total post-issue equity to 76,98,43,412 shares.
🎯 Objects of the Issue
Net proceeds utilisation1
Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by Company
₹496.86 Cr
2
Financing the capital expenditure requirements in relation to the expansion and modernisation of Perundurai Manufacturing Facility
₹469.24 Cr
3
Deployment of visi coolers, ice cream freezers and chocolate coolers
₹155.31 Cr
4
General corporate purposes
Balance
Total Fresh Issue Goal
₹1,428.00 Cr
🏢 About Milky Mist Dairy Food Ltd.
Est. 2014 · Erode, Tamil Nadu · Premium Dairy ProductsMilky Mist Dairy Food Limited, incorporated in July 2014, has rapidly established itself as one of India’s fastest-growing packaged food powerhouses focused heavily on premium value-added dairy output. Through its flagship brand ‘Milky Mist’ and specialized sub-brands (SmartChef, Capella, Misty Lite, Briyas, and Asal), the company extensively manufactures a varied portfolio covering cheese, paneer, butter, curd, ghee, ice cream, UHT products, frozen foods, ready-to-eat (RTE), and chocolates.
The business operates a sophisticated integrated farm-to-consumer model, sourcing milk directly from engaged farmer networks and channeling it through advanced automated manufacturing facilities. Maintaining stringent quality controls, Milky Mist leverages its own vast cold-chain logistics and multi-channel distribution grids to reliably serve a massive pan-India customer base. The enterprise relies on a robust workforce of 1,317 permanent employees ensuring peak operational efficiency and sustainable growth.
Brand Ecosystem
🧀
Value-Added Dairy
Premium paneer, cheese, butter, curd, ghee, and broad UHT dairy offerings
🏭
Advanced Manufacturing
Highly automated infrastructure ensuring large-scale technology-driven food processing
❄️
Cold-Chain Logistics
Proprietary distribution fleet securing product integrity across extensive supply channels
👨🌾
Direct Sourcing
Direct farmer engagement securing massive milk procurement networks without middlemen
Competitive Strengths
🏆One of India’s fastest-growing packaged food companies with massive brand recognition
🍽️Diversified portfolio spanning premium dairy, frozen foods, chocolates, and RTE/RTC products
🚚Extensive multi-channel pan-India distribution backed robustly by private cold-chain logistics
📈Strong focus on automated operational efficiency and farm-to-consumer sustainability
Company Promoters
AS
Anitha S
Promoter, Milky Mist Dairy Food Ltd.
ST
Sathishkumar T
Promoter, Milky Mist Dairy Food Ltd.
📅 Key Dates
IPO Opens11 Aug 2026
IPO Closes13 Aug 2026
Allotment14 Aug 2026
Refund & Share Credit17 Aug 2026
Listing Day18 Aug 2026
💡 Quick Summary
Price Band₹133 – ₹140
Upper Price₹140 / share
Lot Size107 shares
Min. Investment (Retail)₹14,980
Issue Size₹1,553.00 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
JM Financial, Axis, IIFL
📍 Registered Address
Milky Mist Dairy Food Ltd.
SF No. 43/1-4, Pattakaranpalayam,
Perundurai,
Erode, Tamil Nadu — 638057
📞 91 424 2533248
[email protected]
SF No. 43/1-4, Pattakaranpalayam,
Perundurai,
Erode, Tamil Nadu — 638057
📞 91 424 2533248
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
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Disclaimer: This page presents publicly available information from the Milky Mist Dairy Food IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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