- Price band
- To be announcedNot in this filing
- Issue size
- ₹1,553 Cr
- Face value
- ₹2per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingMon, 2026
- OpensTue, 2026
- ClosesThu, 2026
- AllotmentFri, 2026
- ListingTue, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- —
- Offer for sale
- None
- Total issue
- —
- Face value
- ₹2
- Listing at
- NSE, BSE
- RHP date
- 4 Aug 2026
Source: Red Herring Prospectus dated 4 Aug 2026Updated
Reservation
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Employees | — | — | — |
Source: Red Herring Prospectus dated 4 Aug 2026Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26, pre-issue- EPS (basic)
- ₹1.98
- EPS (diluted)
- ₹1.97
- RoNW
- 33.60%
- NAV per share
- ₹5.87
- Debt to equity
- 3.61
- ROCE
- 11.73%
- EBITDA margin
- 13.87%
- PAT margin
- 4.05%
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 4 Aug 2026Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|
| Revenue from operations | 3,138.36 | 2,349.50 | 1,821.61 |
| Total income | 3,145.01 | 2,354.79 | 1,826.86 |
| EBITDA | 435.22 | 310.35 | 222.33 |
| Profit after tax | 127.01 | 46.07 | 19.44 |
| Net worth | 378.00 | 242.77 | 197.05 |
| Reserves and surplus | 334.56 | 199.34 | 278.50 |
| Total assets | 2,676.46 | 2,150.59 | 1,606.26 |
| Total borrowing | 1,671.85 | 1,376.38 | 1,036.72 |
FY 2025-26 vs FY 2024-25: revenue +33.6%, profit after tax +175.7%.
Source: Red Herring Prospectus dated 4 Aug 2026Updated
About the company
The company makes value-added dairy and packaged food products such as paneer, cheese, curd, yogurt, ice cream, UHT products and chocolates, sold under the Milky Mist brand. It runs a manufacturing facility at Perundurai in Tamil Nadu and sources raw milk directly from farmers, with its own logistics fleet for distribution.
- Incorporated
- 2014
- Industry
- Food Processing
- CIN
- U15200TZ2014PLC020554
- Website
- milkymist.com
Source: Red Herring Prospectus dated 4 Aug 2026Updated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Anitha S | 49.48% | — |
| Sathishkumar T | 39.38% | — |
Source: Red Herring Prospectus dated 4 Aug 2026Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repayment or prepayment of certain outstanding borrowings | 496.86 |
| Capital expenditure for expansion and modernisation of Perundurai manufacturing facility | 469.24 |
| Deployment of visi coolers, ice cream freezers and chocolate coolers | 155.31 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 4 Aug 2026Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Bikaji Foods International Limited | ₹10.31 | 62.33× | 16.07% | ₹64.03 |
| Britannia Industries Limited | ₹105.18 | 51.98× | 49.61% | ₹212.01 |
| Dodla Dairy Limited | ₹44.26 | 24.26× | 15.95% | ₹277.5 |
| Hatsun Agro Product Limited | ₹15.99 | 58.20× | 18.32% | ₹87.3 |
| Nestle India Limited | ₹18.15 | 79.76× | 67.85% | ₹26.74 |
| Parag Milk Foods Limited | ₹11.06 | 21.28× | 10.73% | ₹93.44 |
| Tata Consumer Products Limited | ₹15.59 | 70.08× | 7.08% | ₹220.02 |
Source: Red Herring Prospectus dated 4 Aug 2026Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Reported among the fastest growing packaged food companies in India by revenue, per the industry report cited.
- Focus on value-added dairy products with strong market positions in paneer, cheese and yogurt segments.
- Direct sourcing of raw milk from a large farmer base across several states.
- Own logistics fleet including reefer trucks supporting product quality across the supply chain.
- Automated manufacturing facility at Perundurai with U.S. FDA approval.
Risks
- Large contingent liabilities, including EPCG export obligations and pending GST disputes.
- Heavy dependence on raw milk procured mainly from Tamil Nadu, exposing the company to regional supply disruptions and disease outbreaks.
- High debt levels with a debt-to-equity ratio of 3.61 times as of March 31, 2026.
- Part of the Offer proceeds will repay borrowings and the company's expansion relies on management estimates not independently appraised.
- A significant share of revenue depends on the offline channel and on distributors and dealers.
Source: Red Herring Prospectus dated 4 Aug 2026Updated
Contacts
Source: Red Herring Prospectus dated 4 Aug 2026Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 4 Aug 2026Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE and BSE.
Frequently asked questions
When does the Milky Mist Dairy Food IPO open and close?
According to the Red Herring Prospectus, the issue opens on Tuesday, 11 August 2026 and closes on Thursday, 13 August 2026.
What is the Milky Mist Dairy Food IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Milky Mist Dairy Food shares list?
On NSE and BSE. The tentative listing date is Tuesday, 18 August 2026.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Milky Mist Dairy Food IPO allotment status?
The basis of allotment is expected to be finalised on Friday, 14 August 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹496.86 Cr for repayment or prepayment of certain outstanding borrowings, ₹469.24 Cr for capital expenditure for expansion and modernisation of Perundurai manufacturing facility, ₹155.31 Cr for deployment of visi coolers, ice cream freezers and chocolate coolers, and the rest for the other stated purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.