Milky Mist IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 1,826.86 | 2,354.79 | 3,145.01 |
| Expense | 1,784.17 | 2,267.25 | 2,986.52 |
| Profit (PAT) | 19.44 | 46.07 | 127.01 |
| Total Assets | 1,606.26 | 2,150.59 | 2,676.46 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Bikaji Foods International Limited | 10.31 | 62.33 | 16.07 | 64.03 | 2,993.86 Cr |
| Britannia Industries Limited | 105.18 | 51.98 | 49.61 | 212.01 | 19,151.59 Cr |
| Dodla Dairy Limited | 44.26 | 24.26 | 15.95 | 277.50 | 4,125.20 Cr |
| Hatsun Agro Product Limited | 15.99 | 58.20 | 18.32 | 87.30 | 9,959.22 Cr |
| Nestle India Limited | 18.15 | 79.76 | 67.85 | 26.74 | 23,154.60 Cr |
| Parag Milk Foods Limited | 11.06 | 21.28 | 10.73 | 93.44 | 3,817.50 Cr |
| Tata Consumer Products Limited | 15.59 | 70.08 | 7.08 | 220.02 | 20,290.43 Cr |
Promoters: Satishkumar T AND Anitha S
Strengths & Risks
- Heavily oversubscribed — 59.1x overall (so far).
- Strong institutional (QIB) demand — 164.0x.
- Revenue grew 34% in the latest reported year.
- Strong return on equity — 32%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Elevated leverage — debt/equity of 3.61.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Milky Mist Dairy Food is one of the leading dairy and frozen food products companies in India. The company is involved in the production and distribution of dairy products, including curd, ghee, butter, cheese, yogurt, ice cream, UHT long shelf life products, chocolates, and sweetened condensed milk. Incorporated in 2014, the company started with packaged paneer in India, and then decided to expand the business with other dairy products. The firm operates its business on a farm-to-retail supply chain model. They source raw milk directly from the 67,615 farmers across 22 districts in Tamil Nadu, Andhra Pradesh, and Karnataka. One of its manufacturing facilities is situated in Bengaluru, Karnataka, and is used for storing frozen products such as ready-to-eat and ready-to-cook items.
Milky Mist Dairy Food Ltd., SF No. 43/1-4,, Pattakaranpalayam,, Perundurai, Erode, Tamil Nadu, 638057
| Purpose | Amount (Cr) |
|---|---|
| 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 | - |
Resources & Documents
Milky Mist has set a price band of Rs 133–Rs 140 per share for an issue size of Rs 1,553 crore. The stock listed with a 17.86% gain versus its issue price on August 18, 2026.
Milky Mist Dairy Food is one of the leading dairy and frozen food products companies in India. The company is involved in the production and distribution of dairy products, including curd, ghee, butter, cheese, yogurt, ice cream, UHT long shelf life products, chocolates, and sweetened condensed milk.
The issue is promoted by Satishkumar T AND Anitha S with Jm Financial Limited, Axis Capital Limited, IIFL Capital Services Limited acting as lead manager. Net proceeds will primarily be used towards Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company; and Financing the capital expenditure requirements in relation to the expansion and modernisation of our Perundurai Manufact….
On fundamentals, the company is posting revenue growth of 33.6%, a profit margin of 4.0%, return on equity of 32.1% in its most recent reported period. Listed peers in this segment include Bikaji Foods International Limited (P/E 62.33x) and Britannia Industries Limited (P/E 51.98x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Milky Mist IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Milky Mist GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
No comments yet. Be the first to share your opinion!