31 Mar 2024
Assets1,606.26
Total Income1,826.86
EBITDA222.33
Profit After Tax19.44
NET Worth197.05
Reserves and Surplus278.04
Total Borrowing1,036.72
At a glance
Updated 2026-09-09The shares listed at ₹165.00, a 17.86% move from the issue price. Milky Mist Dairy Food is a Mainboard IPO with an issue size of ₹1,553.00 crore, proposed for listing on BSE, NSE. The offer opens on 11th Aug 2026 and closes on 13th Aug 2026. The issue structure includes a fresh issue of ₹1,428.00 crore and an offer-for-sale component of ₹125.00 crore. The current listing schedule points to 18th Aug 2026.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹1,553.00 Cr
Fresh issue₹1,428.00 Cr
Offer for sale₹125.00 Cr
Face value₹2
Price band₹133.00–₹140.00
Allotment14th Aug 2026
Listing18th Aug 2026
Listing performance
Full performance ↗Issue price₹140.00
Listing price₹165.00
Current price—
Listing gain17.86%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹19.70
GMP / upper price14.07%
Est. listing₹159.70
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens11th Aug 2026
Closes13th Aug 2026
Allotment14th Aug 2026
Refund17th Aug 2026
Demat17th Aug 2026
Listing18th Aug 2026
Subscription demand
Full bidding ↗QIB164.03×
sHNI32.08×
bHNI39.09×
NII / HNI39.09×
Retail8.86×
Total59.08×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1391 | ₹194,740 |
| S-HNI (Min) | 14 | 1498 | ₹209,720 |
| S-HNI (Max) | 66 | 7062 | ₹988,680 |
| B-HNI (Min) | 67 | 7169 | ₹1,003,660 |
Reservation
Issue mix
QIB49.93%5,53,92,855 shares
− Anchor Investor29.96%3,32,35,713 shares
− QIB (Ex. Anchor)19.97%2,21,57,142 shares
NII (HNI)14.98%1,66,17,857 shares
− bNII > ₹10L9.99%1,10,78,572 shares
− sNII < ₹10L4.99%55,39,285 shares
Retail34.95%3,87,75,000 shares
Preferential Reservations
Employee0.14%1,57,480 shares
Total100.00%11,09,43,192 shares
Company
Use of proceeds
| Object | Amount |
|---|---|
| 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 |
| Total | ₹1,436.75 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue3,145.01₹ Cr · +33.6% vs prior year
EBITDA435.22₹ Cr · +40.2% vs prior year
PAT127.01₹ Cr · +175.7% vs prior year
Assets2,676.46₹ Cr · +24.5% vs prior year
Net Worth378.00₹ Cr · +55.7% vs prior year
Borrowing1,671.85₹ Cr · +21.5% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2025
Assets2,150.59
Total Income2,354.79
EBITDA310.35
Profit After Tax46.07
NET Worth242.77
Reserves and Surplus199.23
Total Borrowing1,376.38
31 Mar 2026
Assets2,676.46
Total Income3,145.01
EBITDA435.22
Profit After Tax127.01
NET Worth378.00
Reserves and Surplus333.55
Total Borrowing1,671.85
KPIs
| KPI | Mar 31, 2025 | Mar 31, 2026 |
|---|---|---|
| ROE | 15.11% | 32.12% |
| ROCE | 9.54% | 11.73% |
| Debt / Equity | 4.20% | 3.61% |
| RoNW | 18.98% | 33.60% |
| PAT Margin | 1.96% | 4.05% |
| EBITDA Margin | 13.21% | 13.87% |
| Price to Book Value | 37.04 |
Valuation & shareholding
Pre-IPO EPS1.90
Post-IPO EPS1.65
Pre-IPO P/E73.68
Post-IPO P/E84.85
Promoter holding pre93.00%
Promoter holding post79.51%
Market cap₹10777.81 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Milky Mist Dairy Food IPO | — | 84.85 x | — | — |
| Hexagon Nutrition IPO | — | 15.35 x | — | — |
| Ganesh Consumer IPO | — | 36.72 x | — | — |
| Gopal Snacks IPO | — | 44.96 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| 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 |
| Total | ₹1,436.75 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- JM Financial Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-09.
IPO UPDATE ALERTS
Register for IPO Updates →Track Milky Mist Dairy Food without missing an update
Register for subscription, GMP, allotment and listing notifications.