Milky Mist Dairy Food Ltd. IPO is a book-built offering of worth ₹2,035 Cr, including a fresh offering of up to ₹1,785 Cr and an offer-for-sale of up to ₹250 Cr.
The IPO of Milky Mist Dairy Food was approved by SEBI on 24 October 2025, and the shares are planned to be listed on both the BSE and the NSE.
The other details, such as IPO bidding dates, lot size, and price band, will be updated once they are available to the public.
Milky Mist Dairy Food IPO Details
Check out the details of the Milky Mist Diary Food IPO, including its bidding period, issue size, IPO price bands, and more.
| IPO Bidding Opens | – |
| IPO Bidding Closes | – |
| Face value | ₹2 |
| Price Band | – |
| Issue price | – |
| IPO Lot Size | – |
| Offer for sale | ₹250 Cr |
| Fresh issue | ₹1,785 Cr |
| Issue Type | Book-Built/Mainboard IPO |
| Listing at | BSE, NSE |
| Total Issue Size (₹ Crore) | ₹2,035 Cr |
| Market Maker Reservation | – |
| Net Offered to Public | – |
| Minimum Investment | – |
| Retail Discount | – |
Milky Mist Dairy Food IPO Timeline
The complete view of the Milky Mist Dairy Food IPO dates:
| Bid Opening Date | – |
| Bid Closing Date | – |
| Allotment on | – |
| Refunds Initiated | – |
| Shares Credited to Demat | – |
| Listing on | – |
| UPI mandate Cut-off time | – |
Milky Mist Dairy Food IPO DRHP Status
| Filed with SEBI/Exchange | 21 July 2025 |
| SEBI/Exchange approval received | 24 October 2025 |
Milky Mist Dairy Food IPO Grey Market Premium (GMP Today)
Milky Mist Diary Food IPO GMP today is not available. An increase in the GMP value represents that the market is hyping up ahead of the IPO, and the investors are showing interest.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 1 December 2025 | – | – | ₹ (00.00%) | – |
The GMP figures come directly from the grey market, and they may shift quickly depending on the demand, subscription trends, and the overall market mood.
GMP percentage: Milky Mist Dairy Food IPO
Milky Mist Dairy Food IPO GMP isn’t available, the GMP percentage stands at 0.00% as of 1 December 2025, and there’s no listing price estimate. This suggests the grey market hasn’t shown any clear sentiment yet.
Milky Mist Dairy Food IPO Reservation
The breakdown of how Milky Mist Dairy Food IPO shares are allocated is as follows:
| Category | % of Shares Offered | Shares offered |
| QIBs | Maximum 50% | – |
| Retail Investors | Minimum 10% | – |
| NII (HNI) | Minimum 15% | – |
| Total Shares Offered | 100% | – |
Milky Mist Dairy Food Limited Key Performance Indicator
Take a look at the Milky Mist Dairy Food’s numbers, ROE, debt-equity, and PAT margin, and see how these metrics have moved over the past few years.
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 15.11 | 7.14 | 10.95 |
| ROCE (%) | 9.54 | 8.14 | 10.62 |
| Debt-Equity Ratio (in times) | 4.2 | 3.68 | 3.04 |
| RoNW (%) | 18.98 | 9.87 | 15.35 |
| PAT Margin (%) | 1.96 | 1.07 | 1.95 |
| EBITDA Margin (%) | 13.21 | 12.21 | 14.45 |
| Price-Book Value | – | – | – |
Milky Mist Dairy Food IPO Financials
The pre-IPO EPS is at 0.72 for the year 2025, and the post-issue EPS shows how much shift is expected in earnings once the fresh capital comes in.
| 2025 (₹ Cr) | 2024 (₹ Cr) | 2023 (₹ Cr) | |
| Revenue | 2,349.50 | 1,821.61 | 1,394.18 |
| Total Asset | 2,150.59 | 1,606.26 | 1,289.42 |
| Profit After Tax | 46.07 | 19.44 | 27.23 |
| Total Income | 2,354.79 | 1,826.86 | 1,398.95 |
| Net Worth | 242.77 | 197.05 | 177.37 |
| Total Borrowing | 1,376.38 | 1,036.72 | 798.06 |
| Reserves and Surplus | – | – | – |
Milky Mist Dairy Food IPO Lot Size
The table below states the Milky Mist Dairy Food IPO lot size and the minimum investment for each investor category:
| Application | Lot Size | Shares | Amount(in ₹) |
| Retail Investors (Minimum) | – | – | – |
| Retail Investors (Maximum) | – | – | – |
| S-HNI (Minimum) | – | – | – |
| S-HNI (Maximum) | – | – | – |
| B-HNI (Minimum) | – | – | – |
Promoter Holding: Milky Mist Dairy Food Ltd.
The Milky Mist Dairy Food Ltd. promoters, Sathishkumar T and Anitha S, pre- and post-issue shareholding ratios:
| Pre-Issue Holding | 92.39% |
| Post-Issue Holding | – |
Milky Mist Dairy Food IPO Anchor Investors Details
Review the details of the anchor investors for the Milky Mist Dairy Food IPO:
| Bidding on | – |
| Shares Offered | – |
| Anchor Investor Issue Size (in Cr.) | – |
| Lock-in period expiry date for 50% of the shares (30 Days) | – |
| Lock-in period expiry date for the remaining amount of shares (90 Days) | – |
Milky Mist Dairy Food IPO: Prospectus
Here are the Milky Mist Dairy Food IPO DRHP, RHP, and Final Prospectus submitted to SEBI. Check them out for more information!
| Milky Mist Dairy Food IPO DRHP (Doc) | |
| Milky Mist Dairy Food IPO RHP (Doc) | – |
| Milky Mist Dairy Food IPO Final Prospectus | – |
| Milky Mist Dairy Food IPO Anchor Investors | – |
Milky Mist Dairy Food Ltd.: About Section
| Founded in | 1 February 1999 |
| Chairman & Managing Director | Sathishkumar T |
| Parent Organisation | – |
| Services/Products Offered | Dairy products |
| Book running lead managers | JM Financial Ltd, Axis Capital Ltd, & IIFL Capital Services Ltd |
| Registrar of the issue | KFin Technologies Ltd |
Milky Mist Dairy Food IPO Objectives
Milky Mist Dairy Food Ltd. plans to use the IPO funds for the following purposes:
| Particulars | Amount (in ₹ Cr) |
| Payment of outstanding borrowings | 750.00 |
| Funding for upgrades and expansion | 414.72 |
| Installing of coolers and freezers | 129.43 |
| Corporate Requirements | – |
Milky Mist Dairy Food Ltd.: Strengths
- Leading Market Player: The company is one of the fastest-growing food companies, at nearly 30% CAGR, with top ranks in paneer, cheese, curd, and yogurt.
- Wide range of products: The company has a wide range of value-added dairy and food items covering 23 categories and 416 SKUs.
- High-tech production: The company’s modern and automated plants keep the quality consistent, while improving production speed and output.
- Direct milk sourcing: The company’s milk is collected directly from over 67,000 farmers, which supports fair payment and a consistent flow of supply.
Milky Mist Dairy Food Ltd.: Risks
- Volatility in Raw Milk Supply & Prices: The company depends heavily on raw milk supply, and any fluctuation in the supply or pricing can hit its operations and costs.
- Dependence on Southern India for Revenue: The company’s large share of revenue comes from the Southern states, and any disruption in these regions can directly affect sales.
- Loss or Reduction of Orders: The company relies on a few important customers, and if they reduce purchases or stop ordering, it may hurt its revenue and overall performance.
- Operational Disruption Risks: If the company faces any breakdowns in its manufacturing facilities, logistics, or online systems, it may interrupt its production and distribution.
Milky Mist Dairy Food IPO Review
Milky Mist Dairy Food Ltd. comes in with a strong brand presence, deep product variety, and automated manufacturing backed by a huge farmer network. The company’s revenue growth is strong, but high debt and dependence on South India remain watchpoints. With the IPO GMP still unavailable, the investor sentiment is neutral for now. Overall, it’s a structured, fundamentals-driven offering worth tracking.
Other Recent IPO List
Check out more IPOs in India, ongoing and upcoming in 2025:
| Meesho IPO | Ravelcare IPO |
| Clear Secured IPO | Purple Wave Infocom IPO |
| Exato Technologies IPO | Mother Nutri Foods IPO |
| Logiciel Solutions IPO | K K Silk Mills IPO |
Milky Mist Dairy Food IPO FAQs
The Milky Mist Dairy Food IPO is a mainboard, book-built IPO worth ₹2,035 Cr, including a fresh issue of ₹1,785 Cr and an offer-for-sale of ₹250 Cr. The company plans to list on both the BSE and NSE.
The investors may apply through their broker or any UPI-enabled investing app once the bidding window opens. Then choose the IPO, enter the bid, and approve the UPI mandate.
Milky Mist Dairy Food Ltd. has strong market leadership, a wide product portfolio, and modern manufacturing. However, the risks include high debt, heavy regional dependence, and raw milk volatility. The investment view depends on the risk appetite of the investors, since the GMP signals are still missing.
The Milky Mist Dairy Food IPO GMP is not available yet, so listing gains can’t be estimated. The company’s financial growth is steady, though margins remain modest.
The Milky Mist Dairy Food IPO open and close dates haven’t been announced yet. They’ll be updated once released to the public.
The lot size for the Milky Mist Dairy Food IPO lot size and minimum investment details have not been announced yet. They’ll be added once the final IPO terms are declared.
The Milky Mist Dairy Food IPO allotment date is currently not available. It will be published after the issue schedule is finalised.
The Milky Mist Dairy Food IPO listing date is pending. The shares will list on the BSE and NSE once the timeline is confirmed.
