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IPO Open

Tue, Aug 11, 2026

IPO Close

Thu, Aug 13, 2026

Price Band

To be declared

Market Cap (Pre-IPO)

To be declared

IPO Details

  • IPO Date
    11 to 13 Aug, 2026
  • Listing Date
    Tue, Aug 18, 2026
  • Face Value
    ₹2 per share
  • Price Band
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    [.] shares (agg. up to ₹1,553 Cr)
  • Fresh Issue
    [.] shares (agg. up to ₹1,428 Cr)
  • Offer for Sale
    [.] shares of ₹2 (agg. up to ₹125 Cr)
  • Share Holding Pre Issue
    66,78,28,789 shares

IPO Timetable (Tentative)

  • IPO Open
    Tue, Aug 11, 2026
  • Allotment
    Fri, Aug 14, 2026
  • Credit of Shares
    Mon, Aug 17, 2026
  • IPO Close
    Thu, Aug 13, 2026
  • Refund
    Mon, Aug 17, 2026
  • Listing
    Tue, Aug 18, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Net Offer
Retail Not less than 35% of the Net Offer
NII Not less than 15% of the Net Offer

Investor Category Reservations

Category Limit Cut-off
RII Up to ₹2 Lakhs Yes
sNII ₹2 Lakhs – ₹10 Lakhs No
bNII Above ₹10 Lakhs No
Employee (EMP) Up to ₹5 Lakhs Yes
Employee + RII/NII Up to ₹5Lakhs (EMP) + RII/NII limits Yes (EMP/RII)

About Milky Mist Dairy Food Ltd.

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.

Strengths

  • One of India’s fastest-growing packaged food companies with strong brand recognition in value-added dairy products.
  • Diversified portfolio of premium dairy, frozen foods, RTE, RTC products, and chocolates.
  • Advanced automated manufacturing facilities supported by technology-driven processes.
  • Direct milk sourcing model with strong farmer engagement and procurement network.
  • Extensive multi-channel distribution backed by its own cold-chain logistics infrastructure.
  • Strong focus on sustainability, operational efficiency, and experienced management driving consistent growth.

Company Financials (Restated Consolidated)

Milky Mist Dairy Food Ltd.’s revenue increased by 34% and profit after tax (PAT) rose by 176% between the financial year ending with March 31, 2026 and March 31, 2025.(Amount in ₹ crore)

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

Recently Listed IPOs in Other Food Products

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Orkla India Ltd. Mainboard ₹1,667.33 Cr ₹730 39.11 ₹713.65 -2.24% ₹579.40
Elfin Agro India Ltd. SME ₹25.03 Cr ₹47 13.05 ₹47.60 +1.28% ₹85.00
Shyam Dhani Industries Ltd. SME ₹38.49 Cr ₹70 13.19 ₹139.65 +99.50% ₹56.70

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by Company
    496.86
  • 2 Financing the capital expenditure requirements in relation to the expansion and modernisation of Perundurai Manufacturing Facility
    469.24
  • 3 Deployment of visi coolers, ice cream freezers and chocolate coolers
    155.31
  • 4 General corporate purposes
  • Total
    1,121.41

Key Performance Indicator (KPI)

KPI Mar 31, 2026 Mar 31, 2025
ROE 32.12% 15.11%
ROCE 11.73% 9.54%
Debt/Equity 3.61 4.20
RoNW 33.60% 18.98%
PAT Margin 4.05% 1.96%
EBITDA Margin 13.87% 13.21%
NAV 5.87 3.78

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 1.90
Market Cap at Offer Price

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 93%
Public 7.00%
Total 100%

Company Promoters: Anitha S and Sathishkumar T.

Offer For Sale – Selling Shareholders

Name Category Estimated Amount (₹ cr.)
Sathishkumar T. Promoter 75.00
Anitha S. Promoter 50.00
Total 125.00

*Estimated Amount (₹ cr.) shown until the actual number of shares offered in OFS is entered.

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. JM Financial Ltd.  (Past IPO Performance)
  2. Axis Capital Ltd.  (Past IPO Performance)
  3. IIFL Capital Services Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Milky Mist Dairy Food Ltd. Address
SF No. 43/1-4,
Pattakaranpalayam,
Perundurai
Erode, Tamil Nadu, 638057

IPO FAQs

Milky Mist Dairy Food IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹1,553 Crores. The issue is priced at To be declared. The minimum order quantity is .

The IPO opens on Tue, Aug 11, 2026, and closes on Thu, Aug 13, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Milky Mist Dairy Food IPO using UPI as a payment gateway. Angel One customers can apply in Milky Mist Dairy Food IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Milky Mist Dairy Food IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Milky Mist Dairy Food IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Milky Mist Dairy Food IPO opens on Tue, Aug 11, 2026 and closes on Thu, Aug 13, 2026.

Milky Mist Dairy Food IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Milky Mist Dairy Food IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Milky Mist Dairy Food IPO will be done on Friday, August 14, 2026, and the allotted shares will be credited to your demat account by Mon, Aug 17, 2026. Check the Milky Mist Dairy Food IPO allotment status.

The Milky Mist Dairy Food IPO listing date is not yet announced. The tentative date of listing is Tue, Aug 18, 2026.

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