Milky Mist IPO Description – Milky Mist Dairy Food is one of India’s fastest-growing packaged food companies. The company focuses exclusively on value-added dairy products (VADPs), operating in the premium segment of the dairy market. Its extensive product portfolio spans cheese, paneer, butter, curd, ghee, yogurt, ice cream, UHT products, chocolates, and frozen, ready-to-eat (RTE), and ready-to-cook (RTC) items under its flagship brand ‘Milky Mist’ and sub-brands such as ‘SmartChef’, ‘Capella’, and ‘Misty Lite’, along with recently acquired brands ‘Briyas’ and ‘Asal’.
Milky Mist operates an integrated farm-to-retail value chain, sourcing milk from 67,615 farmers across Tamil Nadu, Andhra Pradesh, and Karnataka through 3,460 automated milk collection units and 21 chilling centres. In Fiscal 2025, it procured 307.20 million litres of milk, with 85.15% sourced directly from farmers.
The company maintains its own logistics fleet of 330+ vehicles, including 252 reefer trucks, ensuring temperature-controlled distribution. As of 31 March 2025, Milky Mist’s network comprised 3,062 distributors, 44 C&F depots, 350,000+ retail touchpoints, 13,885 visi coolers, 13,804 ice cream freezers, 559 chocolate coolers, and 108 exclusive Milky Mist parlours across eight states. As of 31 March 2025, the company employed a total of 1,524 permanent employees.
Promoters of Milky Mist Dairy Food – Sathishkumar T and Anitha S
Milky Mist IPO Details
| Milky Mist IPO Dates | Coming soon |
| Milky Mist Issue Price | Coming soon |
| Fresh issue | INR 1,785 crore |
| Offer For Sale | INR 250 crore |
| Total IPO size | INR 2,035 crore |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Milky Mist Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 1,394.18 | 1,821.61 | 2,349.50 |
| Expenses | 1,335.48 | 1,784.17 | 2,267.25 |
| Net income | 27.23 | 19.44 | 46.07 |
| Margin (%) | 1.95 | 1.07 | 1.96 |
Milky Mist Offer News
Milky Mist Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue) | |
| EPS | 0.42 | 0.30 | 0.72 | – |
| PE Ratio | – | – | – | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 15.35 | 9.87 | 18.98 |
| NAV | 2.82 | 3.13 | 3.78 |
| ROCE (%) | 10.62 | 8.14 | 9.54 |
| EBITDA (%) | 14.45 | 12.21 | 13.21 |
| Debt/Equity | 3.04 | 3.68 | 4.20 |
Milky Mist IPO GMP Today (Daily Trend)
Milky Mist Offer Objectives
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Repayment/prepayment, in full or part, of certain borrowings availed of by the company – INR 750 crore
- Financing the capital expenditure requirements in relation to the expansion and modernisation of the Perundurai Manufacturing Facility – INR 414.72 crore
- Deployment of visi coolers, ice cream freezers and chocolate coolers – INR 129.43 crore
- General corporate purposes
Milky Mist IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
Milky Mist – Comparison With Listed Peer
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Milky Mist | – | 0.72 | 18.98 | 3.78 | 2,349.50 |
| Bikaji Foods | 91.56 | 8.02 | 14.52 | 55.22 | 2,621.85 |
| Britannia Industries | 65.05 | 90.45 | 50.02 | 180.83 | 17,942.67 |
Milky Mist IPO Allotment Status
Milky Mist IPO allotment status will be available on Kfin Technologies website. Click on this link to get the allotment status.
Milky Mist IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Milky Mist IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Milky Mist IPO Reviews – Subscribe or Avoid?
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Milky Mist IPO Lead Manager
JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025
Phone: +91 22 6630 3030
Email: [email protected]
Website: www.jmfl.com
Milky Mist Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32
Gachibowli, Financial District, Nanakramguda
Serilingampally, Hyderabad – 500 032
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com
MILKY MIST DAIRY FOOD LIMITED
SF No. 43/1-4, Pattakaranpalayam,
Perundurai, Erode District – 638 057
Phone: 91 424 2533248
Email: [email protected]
Website: www.milkymist.com
Milky Mist IPO FAQs
How many shares in the Milky Mist IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in the Milky Mist Public Offer?
The best way to apply for Milky Mist’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is the Milky Mist IPO GMP today?
Milky Mist IPO GMP today is INR NA per share.
What is Milky Mist Subject to Sauda rate today?
Milky Mist Subject to Sauda rate today is INR NA per application.
Krishna comes from a family of investors and financial analysts, She learnt wading through regulatory filings pretty early in her career. She has several years of experience in financial and industry analysis under her belt. At IPO Central, Krishna plays twin roles of Contributor and Head of research desk.
