Milky Mist IPO
Market Sentiment
IPO Details
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Financial Analysis
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,398.95 | 1,826.86 | 2,354.79 |
| Expense | 1,335.48 | 1,784.17 | 2,267.25 |
| Profit (PAT) | 27.23 | 19.44 | 46.07 |
| Total Assets | 1,289.42 | 1,606.26 | 2,150.59 |
| Company | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| Bikaji Foods International Limited | 91.56 | 8.02 | 15 |
| Britannia Industries Limited | 65.05 | 90.45 | 50 |
| Dodla Dairy Limited | 32.94 | 43.27 | 18 |
| Hatsun Agro Product Limited | 78.48 | 12.51 | 16 |
| Nestle India Limited | 72.95 | 33.27 | 80 |
| Parag Milk Foods Limited | 24.91 | 9.97 | 12 |
| Tata Consumer Products Limited | 84.03 | 13.06 | 6 |
Promoters: Satishkumar T AND Anitha S
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.
| 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 Dairy Food Ltd., SF No. 43/1-4,, Pattakaranpalayam,, Perundurai, Erode, Tamil Nadu, 638057
Milky Mist is preparing a sme offering for an issue size of Rs 2,035 crore. The SME issue is in the upcoming pipeline with dates yet to be finalised.
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 28.9%, a profit margin of 2.0%, return on equity of 15.1% in its most recent reported period. Listed peers in this segment include Nestle India Limited (P/E 72.95x, market cap Rs 80 crore) and Britannia Industries Limited (P/E 65.05x, market cap Rs 50 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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