· Mainboard · NSE, BSE
Price Band
₹133–140
Lot Size
107 shares
Issue Size
₹1,553 Cr
Min. Investment
₹14,980
Indicative, updates through the day
Cap price plus current GMP: ₹159.7 — arithmetic, not a forecast
Milky Mist Dairy Food IPO is a Mainboard issue that listed on NSE, BSE on 18 August 2026. The issue price band is fixed at ₹133–₹140 per equity share with a minimum market lot size of 107 shares, bringing the total issue size to ₹1,553 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹14,980.
The latest unlisted Grey Market Premium (GMP) for Milky Mist Dairy Food IPO is quoted at ₹19.7, representing a premium of approximately 14.07% over the upper price band of ₹140. On a simple cap price plus GMP basis, the estimated opening price indicates a listing near ₹159.7, and informal quotes have eased over recent sessions. Please note that GMP is an unregulated sentiment indicator quoted by off-market dealers; it fluctuates based on supply-demand dynamics and does not constitute a guaranteed listing price. For historical accuracy studies, read our research on IPO GMP accuracy, or compare with live GMP quotes for all active IPOs.
As per the latest exchange feeds from BSE and NSE, Milky Mist Dairy Food IPO has been subscribed 59.01x overall — with QIB at 164.03x, NII at 36.73x, bNII at 39.09x, sNII at 32.01x, Retail at 8.73x, Employee at 13.03x, representing over 28,26,540 retail and institutional applications. When the retail category is oversubscribed, SEBI regulations mandate that allotment is determined via an automated computerized lottery where each valid PAN gets one equal chance.
The minimum investment for retail investors is one lot of 107 shares (approx. ₹14,980 at the cut-off price), while the maximum retail bid is capped at 13 lots (under ₹2,00,000). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is KFin Technologies Ltd., with the basis of allotment finalised on 14 August 2026 and listing completed on 18 August 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹140
Listed At
₹165
Current Price
₹181.5
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. The company operates an integrated farm-to-consumer business model, directly sourcing milk from farmers and processing it through advanced automated manufacturing facilities. Supported by its own cold-chain logistics network and multi-channel distribution system, Milky Mist serves customers across India while focusing on innovation, premium product offerings, and sustainable manufacturing practices. The company is supported by advanced manufacturing infrastructure, technology-driven processes, experienced management, and a workforce of 1,317 permanent employees across manufacturing, sales & marketing, quality control, and milk collection operations.
Milky Mist Dairy Food IPO raises ₹465.30 crore from anchor investors. Milky Mist Dairy Food IPO Anchor bid date is August 10, 2026.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 5,53,92,855 | 50% |
| − Anchor Investor | 3,32,35,713 | 0% |
| − QIB (Ex. Anchor) | 2,21,57,142 | 0% |
| NII (HNI) | 1,66,17,857 | 15% |
| − bNII > ₹10L | 1,10,78,572 | 0% |
| − sNII < ₹10L | 55,39,285 | 0% |
| Retail | 3,87,75,000 | 35% |
| Employee | 1,57,480 | 0% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1391 | ₹1,94,740 |
| S-HNI (Min) | 14 | 1498 | ₹2,09,720 |
| S-HNI (Max) | 66 | 7062 | ₹9,88,680 |
| B-HNI (Min) | 67 | 7169 | ₹10,03,660 |
EPS (Pre IPO)
1.90
EPS (Post IPO)
1.65
ROE
33.60%
P/E (Pre IPO)
73.68
P/E (Post IPO)
84.85
Price / Book
Market Cap
₹9,349.60 Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Orkla India Ltd. | 39.11 | ₹1,667.33 Cr | |
| Elfin Agro India Ltd. | 13.05 | ₹25.03 Cr | |
| Shyam Dhani Industries Ltd. | 13.19 | ₹38.49 Cr | |
| Pajson Agro India Ltd. | 10.11 | ₹74.45 Cr | |
| Mother Nutri Foods Ltd. | 17.78 | ₹39.59 Cr | |
| Rukmani Devi Garg Agro Impex Ltd. | 8.5 | ₹23.52 Cr |
Milky Mist Dairy Food Ltd. Address
KFin Technologies Ltd.