Milky Mist Dairy Food Limited
IPO Details
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Company Fin.
₹19.7(14.07%)
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Milky Mist Dairy Food Limited's successfully completed its Initial Public Offering and commenced trading on Aug 18, 2026 at the NSE, BSE exchange. The company raised 11,09,43,194 Shares through this public offering, comprising 10,20,14,623 Shares in fresh capital and ₹125.00 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹133 to ₹140, with minimum application lots of 107 shares. The offering attracted significant investor interest during its subscription period from Aug 11, 2026 to Aug 13, 2026.
Share allotment was finalized on Aug 14, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2014, Milky Mist Dairy Food Limited is an Indian dairy company involved in manufacturing and distributing a wide range of dairy and frozen food products. The company began by introducing branded packaged paneer in India and later expanded into products such as curd, ghee, butter, cheese, yogurt, ice cream, UHT long-life products, chocolates and sweetened condensed milk. It follows an integrated farm-to-retail model, sourcing raw milk directly from over 67,000 farmers across Tamil Nadu, Andhra Pradesh and Karnataka, and operates manufacturing facilities in Perundurai, Tamil Nadu for value-added dairy products and Bengaluru, Karnataka for frozen and ready-to-eat or ready-to-cook foods. As of March 31, 2025, the company had a strong logistics network and a wide distribution presence across 22 states and 5 union territories, serving more than 350,000 retail outlets through multiple sales channels. Milky Mist holds a significant share in the organised packaged paneer and cheese markets, exports to over 15 countries, and employed 1,524 permanent staff as of the same date.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Advanced & Automated Manufacturing: The company operates modern manufacturing facilities with advanced automation, enabling efficient production, consistent product quality, and large-scale output.
- Strong Direct Milk Sourcing Network: The company sources milk directly from over 67,000 farmers, ensuring better quality, transparent procurement, and long-term relationships with dairy farmers.
- Experienced Management Team: The company is led by experienced promoters and a professional leadership team with strong expertise in the dairy and food industry, supporting innovation and long-term growth.
- Dependence on a Single Manufacturing Facility: The company relies heavily on its main manufacturing facility. Any disruption or shutdown at this plant could affect production, revenue, and business operations.
- Regulatory & Compliance Risk: The company requires various licenses and approvals to operate. Delays in obtaining or renewing them, or non-compliance with regulations, could impact business operations.
- Product Safety & Contamination Risk: Any contamination, improper storage, or quality issues in dairy products could lead to regulatory action, damage the company's reputation, and affect sales.
- T. Sathish Kumar
- Anitha S
Milky Mist Dairy Food Limited
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