Milky Mist Dairy Food Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 55,392,857 | — | ₹775 Cr |
| NII (HNI) | — | 16,617,857 | — | ₹233 Cr |
| Retail | — | 38,775,000 | — | ₹543 Cr |
| Employee | — | 157,480 | — | ₹2 Cr |
| Σ Total | — | 110,943,194 | — | ₹1,553 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1,391 | ₹194,740 |
| S-HNI (Min) | 14 | 1,498 | ₹209,720 |
| B-HNI (Min) | 67 | 7,169 | ₹1,003,660 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 3,145 | 2,355 | 1,827 |
| EBITDA | 435 | 310 | 222 |
| Profit After Tax | 127 | 46 | 19 |
| Net Worth | 378 | 243 | 197 |
| Total Assets | 2,676 | 2,151 | 1,606 |
| Reserves & Surplus | 334 | 199 | 278 |
| Total Borrowing | 1,672 | 1,376 | 1,037 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by Company – 496.86
- Financing the capital expenditure requirements in relation to the expansion and modernisation of Perundurai Manufacturing Facility – 469.24
- Deployment of visi coolers, ice cream freezers and chocolate coolers – 155.31
- General corporate purposes –
Company Overview
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.