Milky Mist Dairy Food IPO Details, Financials, Valuation & Peers
Explore Milky Mist Dairy Food IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Company Overview: Milky Mist Dairy Food Limited
Incorporated in 2014, Milky Mist Dairy Food Limited is an Indian dairy company specializing in the production and distribution of a diverse range of dairy and frozen food products. The company operates an integrated farm-to-retail supply chain model, sourcing raw milk directly from over 67,000 farmers and manufacturing value-added dairy and frozen products across facilities in Tamil Nadu and Karnataka.
Key Highlights:
- Diverse Product Portfolio: The company’s range includes branded paneer, curd, ghee, butter, cheese, yogurt, ice cream, UHT products, chocolates, sweetened condensed milk, and frozen ready-to-eat/ready-to-cook items.
- Extensive Distribution Network: Milky Mist maintains a robust logistics infrastructure and serves over 350,000 retail touchpoints across 22 states and 5 union territories in India, utilizing general trade, modern trade, HoReCa, and e-commerce channels.
- Strong Market Position: As of fiscal year 2025, the company held approximately 17% market share by value in India’s organized packaged paneer segment and holds a notable presence in the organized cheese market in South India.
- Global Reach: Beyond its domestic operations, the company has exported dairy products to more than 15 countries, including the United States, Australia, Singapore, and various markets in the Middle East.
- Operational Scale: Supported by 1,524 permanent employees, the company manages a comprehensive supply chain that includes dedicated milk sourcing vans and a fleet of over 280 temperature-controlled and ambient transport vehicles.
Objects of the Issue
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by Company
- Financing the capital expenditure requirements in relation to the expansion and modernisation of Perundurai Manufacturing Facility
- Deployment of visi coolers, ice cream freezers and chocolate coolers
- General corporate purposes
- Total
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 11 Aug - 13 Aug 2026 |
| IPO Price Band | ₹133 - ₹140 per share |
| Fresh Issue | ₹1,428.00 crore |
| Offer For Sale | ₹125.00 crore |
| Total IPO Size | ₹1,553.00 crore |
| Face Value | ₹2 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 11 Aug 2026 |
| IPO Closing Date | 13 Aug 2026 |
| Basis Of Allotment | 14 Aug 2026 |
| Refunds | 17 Aug 2026 |
| Demat Transfer | 17 Aug 2026 |
| IPO Listing Date | 18 Aug 2026 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|
| Assets | 1,606.26 | 2,150.59 | 2,676.46 |
| Total Income | 1,826.86 | 2,354.79 | 3,145.01 |
| Profit After Tax | 19.44 | 46.07 | 127.01 |
| EBITDA | 222.33 | 310.35 | 435.22 |
| NET Worth | 197.05 | 242.77 | 378.00 |
| Reserves and Surplus | 278.04 | 199.23 | 333.55 |
| Total Borrowing | 1,036.72 | 1,376.38 | 1,671.85 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|
| Milky Mist Dairy Food Ltd. | 71.07 | 1.97 | 33.6% | 5.87 |
| Tata Consumer Products | 70.08 | 15.58 | 7.08% | 220.02 |
| Parag Milk Foods | 21.28 | 10.57 | 10.73% | 93.44 |
| Nestle India | 79.76 | 18.15 | 67.85% | 26.74 |
| Hatsun Agro Product | 58.2 | 15.99 | 18.32% | 87.3 |
| Dodla Dairy | 51.98 | 44.26 | 15.95% | 277.5 |
| Britannia Industries | 51.98 | 105.18 | 49.61% | 212.01 |
| Bikaji Foods International | 62.33 | 10.3 | 16.07% | 64.03 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Retail Individual Investor (RII) | Not less than 35% of the Net Offer |
Subscription Data from NSE and BSE
As the issue has not yet opened, subscription data is unavailable. However, you can view subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Lead Managers
- 1JM Financial Ltd.
- 2IIFL Capital Services Ltd.
- 3Axis Capital Ltd.
Company Address
Milky Mist Dairy Food Ltd.SF No. 43/1-4,
Pattakaranpalayam,
Perundurai
Erode, Tamil Nadu – 638057
Website: https://www.milkymist.com/
Phone: 91 424 2533248
Email: investor@milkymist.com
FAQs
- What is the issue size of the Milky Mist Dairy Food IPO?The Milky Mist Dairy Food IPO has an issue size of ₹1,553.00 crore. This includes a fresh issue of ₹1,428.00 crore and an offer for sale (OFS) of ₹125.00 crore.
- What is the price band of the Milky Mist Dairy Food IPO?The price band for the Milky Mist Dairy Food IPO is ₹133 - ₹140 per share.
- What are the bidding dates for the Milky Mist Dairy Food IPO?The Milky Mist Dairy Food IPO will open for bidding on 11 Aug 2026 and close on 13 Aug 2026.
- What is the allotment date for the Milky Mist Dairy Food IPO?The allotment date for the Milky Mist Dairy Food IPO is 14 Aug 2026.
- What is the listing date for the Milky Mist Dairy Food IPO?The listing date for the Milky Mist Dairy Food IPO is 18 Aug 2026.
- What is the Milky Mist Dairy Food IPO grey market premium?The grey market premium (GMP) for the Milky Mist Dairy Food IPO is currently at ₹26, with an expected listing gain of approximately 18.57%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.