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BSE, NSE
Milky Mist Dairy Food Ltd
Listed
Incorporated in July 2014, Milky Mist Dairy Food Limited is one of India's fastest-growing packaged food companies focused on premium value-added dairy products.
Issue details
Price band
₹133 – ₹140
Face value
₹2
Lot size
107 shares
Minimum investment
₹14,980
Issue size
₹1553.00 Cr
Fresh issue
₹1428.02 Cr
Offer for sale
₹124.98 Cr
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
11 Aug 2026
Closes
13 Aug 2026
UPI mandate cut-off
5:00 PM on 13 Aug 2026
Allotment
14 Aug 2026
Refunds
17 Aug 2026
Shares in demat
17 Aug 2026
Listing
18 Aug 2026
Subscription and listing
Subscription
41.52x
Listing price
₹165
Registrar
Kfin Technologies Ltd
Lead manager
JM Financial, Axis Capital, IIFL Capital Services
Subscription by category
Total
41.52x
Total applications
27,54,744
Anchor investors
Amount raised
₹465.30 Cr
Bid date
10 Aug 2026
50% lock-in ends
12 Sep 2026
Rest lock-in ends
11 Nov 2026
Listing day
Issue price
₹140
Open
₹165.00
High
₹181.50
Low
₹165.00
Day close
₹181.50
Listing gain at open
+17.86%
Issue structure
Shares reserved per category and share of the total issue
QIB
5,53,92,855
49.93%
Anchor Investor
3,32,35,713
29.96%
QIB (Ex. Anchor)
2,21,57,142
19.97%
NII
1,66,17,857
14.98%
bNII > ₹10L
1,10,78,572
9.99%
sNII < ₹10L
55,39,285
4.99%
Retail
3,87,75,000
34.95%
Employee
1,57,480
0.14%
Total
11,09,43,192
100.00%
Finaccle’s quick read
Avoid
FY26 income up 34%, PAT up 176%, ROE 32.12%, D/E 3.61, post-issue P/E 84.85x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in July 2014, Milky Mist Dairy Food Limited is one of India's fastest-growing packaged food companies focused on premium value-added dairy products. The company manufactures and markets a diversified portfolio including cheese, paneer, butter, curd, ghee, yogurt, ice cream, UHT products, frozen foods, ready-to-eat (RTE), ready-to-cook (RTC) foods, and chocolates under its flagship brand 'Milky Mist' and sub-brands such as SmartChef, Capella, Misty Lite, Briyas, and Asal.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
32.12%
ROCE
11.73%
Debt / equity
3.61
PAT margin
4.05%
P/E post issue
84.85
Market cap
₹10,777.81 Cr
Use of IPO money
Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by Company
₹496.86 Cr
Financing the capital expenditure requirements in relation to the expansion and modernisation of Perundurai Manufacturing Facility
₹469.24 Cr
Deployment of visi coolers, ice cream freezers and chocolate coolers
₹155.31 Cr
General corporate purposes
₹206.62 Cr
Issue Expenses
₹108.72 Cr
Strengths
✓
Revenue up 34% in FY26 to ₹3,145.01 Cr
✓
PAT up 176% in FY26 to ₹127.01 Cr
✓
ROE of 32.12% and ROCE of 11.73%
Risks to watch
!
Thin PAT margin of 4.05%
!
High leverage: debt to equity 3.61
!
Rich valuation: post-issue P/E of 84.85x
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.