Milky Mist Dairy Food IPO is a mainboard IPO aggregating up to 1,553.20 crore rupees. The issue consists of a fresh issue of 10,20,14,623 shares (aggregating up to 1,428.20 crore rupees) and an offer for sale of 89,28,570 shares (aggregating up to 125 crore rupees).
The IPO opened for subscription on 11 August 2026 and closes on 13 August 2026. The basis of allotment was finalised on 14 August 2026. The shares were listed on NSE and BSE on 18 August 2026.
The price band for the IPO is set at ₹133 to ₹140 per share. The minimum amount required for a retail investor is ₹14,980 (107 shares, 1 lot). The minimum amount required for an sHNI investor is ₹2,09,720 (1,498 shares, 14 lots).
The final allotment price for the Milky Mist Dairy Food IPO was fixed at ₹140.00 per share. The shares successfully listed on the BSE at ₹165.00 per share (with a listing gain of 17.86%) and on the NSE at ₹165.00 per share (with a listing gain of 17.86%).
Axis Capital Ltd, IIFL Capital Services Ltd and JM Financial Ltd is the lead manager and KFin Technologies is the registrar of the IPO.
Refer to Milky Mist Dairy Food RHP for more detailed information.
Milky Mist Dairy Food Share Price Analysis Local DB (Max)
Milky Mist Dairy Food IPO Details Listed
IPO Issue Details
Milky Mist Dairy Food IPO Lot Size & Required Amount
Number of Shares Per Lot = Shares
| Application | Lot(s) | Shares | Amount |
|---|---|---|---|
Retail (Min) Minimum investment required for Retail Individual Investors (RII). | 1 | 107 | ₹14,980 |
Retail (Max) Maximum investment allowed for Retail Individual Investors (Must be under ₹2 Lakhs). | 13 | 1391 | ₹1,94,740 |
S-HNI (Min) Minimum investment for Small High Net-worth Individuals (sHNI) (Must be above ₹2 Lakhs). | 14 | 1498 | ₹2,09,720 |
S-HNI (Max) Maximum investment for Small High Net-worth Individuals (sHNI) (Must be up to ₹10 Lakhs). | 66 | 7062 | ₹9,88,680 |
B-HNI (Min) Minimum investment for Big High Net-worth Individuals (bHNI) (Must be above ₹10 Lakhs). | 67 | 7169 | ₹10,03,660 |
IPO Reservation
Milky Mist Dairy Food IPO offers total 11,09,43,193 shares (100.00%) . Out of which Not more than 50% of the offer allocated to QIB, Not less than 15% of the offer allocated to NII, Not less than 35% of the offer allocated to RII.
| Investor Category | Shares Offered |
|---|---|
|
QIB Shares Offered Qualified Institutional Buyers (e.g., mutual funds, banks). | Not more than 50% of the offer |
|
NII (HNI) Shares Offered Non-Institutional Investors, also known as High Net-worth Individuals. | Not less than 15% of the offer |
|
Retail Shares Offered Retail Individual Investors applying for up to ₹2 Lakh. | Not less than 35% of the offer |
| Total Shares Offered | 11,09,43,193 shares (100.00%) |
| 31 Mar 26 In Cr. | 31 Mar 25 In Cr. | 31 Mar 24 In Cr. | |
|---|---|---|---|
| Assets | 2,676.46 | 2,150.59 | 1,606.26 |
| Revenue | 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 | 242.77 | 197.05 |
| Total Borrowing | 1,671.85 | 1,376.38 | 1,036.72 |
| Reserves & Surplus | 333.55 | 199.23 | 278.04 |
Financial Performance Indicator (FPI)
| FPI | 31 March 2025 | 31 March 2026 |
|---|---|---|
ROE Return on Equity (ROE) is a measure of financial performance... | 15.11% | 32.12% |
ROCE Return on Capital Employed indicates how efficiently a company uses its capital. | 9.54% | 11.73% |
Debt/Equity A ratio comparing total liabilities to shareholder equity. | 4.20 | 3.61 |
RoNW RoNW (Return on Net Worth) is the percentage of profit earned relative to the company's net worth and reflects overall profitability for shareholders. | 18.98% | 33.60% |
PAT Margin Profit After Tax as a percentage of revenue. Shows how much net profit is retained from every rupee of sales. | 1.96% | 4.05% |
EBITDA Margin EBITDA Margin indicates earnings before interest, tax, depreciation, and amortisation as a percentage of revenue; reflects core operating efficiency. | 13.21% | 13.87% |
| Pre IPO | Post IPO | |
|---|---|---|
EPS Rs Earnings Per Share is a company's profit divided by outstanding shares. | 1.90 | |
Promoter Holding The percentage of total shares held by the company's founders or promoter group. | 93.00% | 79.52% |
Milky Mist Dairy Food IPO Peer Comparison
| Company Name | P/E ratio | EPS (Basic) | EPS (Diluted) | NAV (per share) | RoNW (%) | P/BV |
|---|---|---|---|---|---|---|
| Tata Consumer Products | 70.08(Tata) | 15.59(Tata) | 15.58(Tata) | 220.02(Tata) | 7.08(Tata) | 4.96(Tata) |
| Parag Milk Foods | 21.28(Parag) | 11.06(Parag) | 10.57(Parag) | 93.44(Parag) | 10.73(Parag) | 2.41(Parag) |
| Nestle India | 79.76(Nestle) | 18.15(Nestle) | 18.15(Nestle) | 26.74(Nestle) | 67.85(Nestle) | 55.65(Nestle) |
| Hatsun Agro Product | 58.20(Hatsun) | 15.99(Hatsun) | 15.99(Hatsun) | 87.30(Hatsun) | 18.32(Hatsun) | 10.69(Hatsun) |
| Dodla Dairy | 51.98(Dodla) | 44.26(Dodla) | 44.26(Dodla) | 277.50(Dodla) | 15.95(Dodla) | 3.87(Dodla) |
| Britannia Industries | 51.98(Britannia) | 105.18(Britannia) | 105.18(Britannia) | 212.01(Britannia) | 49.61(Britannia) | 25.79(Britannia) |
| Bikaji Foods International | 62.33(Bikaji) | 10.31(Bikaji) | 10.30(Bikaji) | 64.03(Bikaji) | 16.07(Bikaji) | 10.03(Bikaji) |
| Milky Mist Dairy Food | (Milky) | 1.98(Milky) | 1.97(Milky) | 5.87(Milky) | 33.60(Milky) | 28.00(Milky) |
IPO Subscription Status
Milky Mist Dairy Food IPO Frequently Asked Questions (FAQ)
Milky Mist Dairy Food IPO is a mainboard IPO. The company will raise upto 1,553.20 crore rupees for 11,09,43,193 shares. Face value is ₹2 per share, Price band is ₹133 to ₹140 per share, and cutt off price is ₹140 per share. The IPO opens on 11 August 2026 and closes on 13 August 2026. is the registrar and shares of Milky Mist Dairy Food IPO will be listed at NSE, BSE.
The issue size of IPO is . For fresh issue: 10,20,14,623 shares (aggregating up to 1,428.20 crore rupees) and for offer for sale: 89,28,570 shares (aggregating up to 125 crore rupees).
Price band for IPO is . Applying IPO application at cutt off price ₹140 per share (the upper end of price band) is considered safer than the applying IPO application at lower end of price band.
The lot size of Milky Mist Dairy Food IPO is of 107. Minimum order quantity for retail investor is 107 shares (1 lots) and required amount is ₹14,980. Minimum order quantity for sHNI is 1,498 shares (14 lots) and required amount is ₹2,09,720. Minimum order quantity for bHNI investor is 7,169 shares (7,169 lots) and required amount is ₹10,03,660.
The investors portion reserved for QIB is Not more than 50% of the offer, reserved for HNI is Not less than 15% of the offer and reserved for retail investors.
The IPO will be available for subscription from 11 August 2026 to 13 August 2026. IPO open date is 11 August 2026 and close date is 13 August 2026.
Allotment date for IPO is 14 August 2026. On the allotment date, After the IPO allotment status is announced, investors can check their IPO application allotment status on their respective IPO registrar.
The registrar for IPO is Kfin Technologies Ltd.
The IPO will be listed on 18 August 2026 at NSE, BSE.