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MM

Milky Mist Dairy Food Limited IPO

ListedMainboard

Packaged Food · ₹133 – ₹140 · ₹1,553 Cr

Last updated: 20 Sept 2026, 01:38 pm · 16h ago
Price Band₹133 – ₹140
Lot Size107 shares
Issue Size₹1,553 Cr
GMP (Unofficial)+15.71%
  • Overview
  • Timeline
  • Subscription
  • Financials
  • Valuation
  • Documents

About Milky Mist Dairy Food LimitedCAPITA1

Sector: Packaged FoodHeadquarters: Erode, Tamil Nadu, IndiaFounded: 1998

Milky Mist Dairy Food Limited is a packaged food company. The company focuses on value-added dairy products, frozen foods, ready-to-eat (RTE) and ready-to-cook (RTC) products, as well as chocolates. It operates in the Packaged Food industry. The company was founded in 1998 and is based in Erode, Tamil Nadu, India.

Milky Mist makes money by selling a diverse range of value-added dairy products, frozen foods, RTE/RTC products, and chocolates under multiple brands. It uses a multi-channel sales approach including general trade, modern trade, HoReCa, online platforms, and exclusive parlours, supported by its own logistics infrastructure and direct farmer procurement. Its main products and services include Paneer, Cheese, Curd and Butter.

In its offer document the company lists its strengths as Fastest growing packaged food company in India, advanced manufacturing capabilities enhanced by automation and technology-driven processes and direct sourcing of raw milk from a large network of farmers.

Grey Market Premium₹22(+15.71%)Unofficial grey-market estimate — not an exchange price.
  1. 11 Aug 2026Open Date
  2. 13 Aug 2026Close Date
  3. 14 Aug 2026Allotment Date
  4. 18 Aug 2026Listing Date

Check your allotment

KFin Technologies — allotment statusBSE allotment statusNSE allotment status

These open the registrar's and the exchanges' own websites. Milky Mist Dairy Food Limited is not affiliated with CAPITA1, and we never ask for your PAN or application number.

IPO Snapshot
35/ 100
Opportunity Score
🔴 Expensive
Broker Consensus
Avoid
GMP %
+15.71%
Subscription
N/A
P/E
70.71x
ROE
32.12%
ROCE
11.73%
DRHP RHP — N/A

“Broker Consensus” is CAPITA1's algorithmic verdict from GMP, subscription, fundamentals & valuation — broker recommendations aren't in our data feed. GMP is an unofficial grey-market estimate. Not investment advice.

CAPITA1 Analysis

Founded
1998
Headquarters
Erode, Tamil Nadu, India

Curated by CAPITA1 · Updated 5 Sept 2026 by CAPITA1 desk (composed from filing)

For educational purposes only. Not investment advice.

Milky Mist Dairy Food Limited IPO valuation · at upper band ₹140

🔴 Expensive
Market Cap (Post-IPO)
Not Available
Market Cap (Pre-IPO)
Not Available
Enterprise Value
Not Available
Earnings Per Share (EPS)
₹1.98
Net Asset Value per Share (NAV)
₹5.87
Price to Earnings (P/E) at upper band
70.71x
Price to Book (P/B)
23.85x
EV / EBITDA
Not Available
Return on Net Worth (RoNW)
33.6%
Return on Equity (ROE)
32.12%
Return on Capital Employed (ROCE)
11.73%
Debt / equity
3.61
Formulas used (all at upper price band)
  • Market Cap (Post-IPO) = Upper Price × Post-issue Shares (Shares = Latest FY PAT ÷ EPS)
  • Market Cap (Pre-IPO) = Post-IPO Market Cap − Fresh Issue
  • Enterprise Value = Market Cap + Total Debt − Cash (cash assumed nil)
  • Total Debt = Debt/Equity × Net Worth
  • Net Worth = NAV (Book Value/Share) × Post-issue Shares
  • P/E Ratio = Upper Price ÷ EPS
  • P/B Ratio = Upper Price ÷ NAV
  • EV / EBITDA = Enterprise Value ÷ EBITDA

Company financials (EPS, NAV, ratios) from Issuer DRHP figures, compiled from public IPO listings. Ratios computed at the upper price band; not investment advice.

AI IPO AnalysisAI

DRHP / RHP IntelligenceAI

Generate an AI read of the offer document — business, risks, promoters, use of funds and an educational verdict, with citations back into the filing.

Listing Performance

Issue Price (upper band)
₹140
Listed At
₹165.00
Listing Gain
+17.86%

Opening price on the first trading day. Not the current price, and not a return — what happened after listing is not shown here.

GMP (Grey Market Premium)

₹22+15.71%

CAPITA1 desk — unofficial grey-market estimate — No exchange publishes a grey-market premium; this is not investment advice. Updated 11 Aug 2026, 08:47 am.

Subscription

Subscription figures are not available for this issue.

Timeline

Open Date
11 Aug 2026
Close Date
13 Aug 2026
Allotment
14 Aug 2026
Refund
17 Aug 2026
Demat Credit
17 Aug 2026
Listing
18 Aug 2026

Lot Size & Offer

Lot Size
107 shares
Min Investment
₹14,980
Fresh Issue
₹1,428 Cr
Offer for Sale
₹125 Cr

Issue Structure

Issue Type
100% Book Building
Face Value
₹2
Fresh Issue
₹1,428 Cr

New shares — the money goes to the company.

Offer for Sale
₹125 Cr

Existing shares — the money goes to the selling shareholders.

Employee Discount
₹13

Per share, for the employee quota.

Retail Application Cap
₹2,00,000

Regulatory maximum for one retail application.

Employee Application Cap
₹5,00,000

As stated in the issue information filed with NSE.

Reservation

QIB
50%
NII / HNI
15%
Retail
35%
Employee
Not Available

Objectives of the Issue

  • Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company;
  • Financing the capital expenditure requirements in relation to the expansion and modernisation of our Perundurai Manufacturing Facility;
  • Deployment of visi coolers, ice cream freezers and chocolate coolers; and
  • General Corporate Purpose

Financial Highlights (₹ Cr)

Not Available

Revenue Growth
Not Available
PAT Growth
Not Available
EBITDA
Not Available
EBITDA Margin
13.87%
ROE
32.12%
ROCE
11.73%
Debt / equity
3.61
Net Worth
Not Available

Promoter Holding

Pre-Issue
Not Available
Post-Issue
Not Available

Registrar & Managers

Registrar
KFin Technologies Limited
Contact Person
M. Murali Krishna
Email
milky.ipo@kfintech.com
Phone
+91 40 6716 2222
Address
Selenium Tower B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda Serilingampally, Hyderabad 500 032, Telangana, India
Book Running Lead Managers
  • JM Financial Limited
  • Axis Capital Limited and IIFL Capital Services Limited

Offer Documents

RHP DRHP Basis of Issue Price Anchor Allocation Bidding Centres

Market data: NSE (official calendar, issue filing and subscription) · CAPITA1 desk (GMP) · updated 20 Sept 2026, 01:38 pm

Fundamentals: Issuer DRHP figures, compiled from public IPO listings · fetched 14 Sept 2026, 03:57 pm

Corrected by CAPITA1: Sector · 05 Sept 2026, 12:54 pm

IPO calendar, issue details and subscription from NSE. Any grey-market premium shown is CAPITA1’s own unofficial estimate, collected daily from grey-market sources — not investment advice, and no exchange publishes one. Company fundamentals (financials, peers) are not part of the live feed.

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