Issue Price
₹140
Per Share
GMP
+₹22
+15.71% Grey Market
Est. Listing
₹162
Expected Price
Min. Application
₹29,960
2 lots × 107 shares
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.StrengthsOne of India's fastest-growing packaged food companies with strong brand recognition in value-added dairy products.Diversified portfolio of premium dairy, frozen foods, RTE, RTC products, and chocolates.Advanced automated manufacturing facilities supported by technology-driven processes.Direct milk sourcing model with strong farmer engagement and procurement network.Extensive multi-channel distribution backed by its own cold-chain logistics infrastructure.Strong focus on sustainability, operational efficiency, and experienced management driving consistent growth.
Milky Mist Dairy Food Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| QIB (Ex Anchor) | 55,392,855 | — | ₹775.50 Cr | 66.19x |
| NII / HNI | 16,617,857 | — | ₹232.65 Cr | 36.57x |
| Retail (RII) | 38,775,000 | — | ₹542.85 Cr | 8.57x |
| TOTAL | 157,480 | 100.00% | ₹2.20 Cr | 1.24x |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1,391 | ₹194,740 |
| sNII (Min) | 14 | 1,498 | ₹209,720 |
| bNII (Min) | 68 | 7,276 | ₹1,018,640 |
| Particulars | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 3145.01 | 2354.79 | 1826.86 |
| EBITDA | 435.22 | 310.35 | 222.33 |
| Profit After Tax (PAT) | 127.01 | 46.07 | 19.44 |
| Net Worth | 378.00 | 242.77 | 197.05 |
| Total Assets | 2676.46 | 2150.59 | 1606.26 |
| Reserves & Surplus | 333.55 | 199.23 | 278.04 |
| Total Borrowings | 1671.85 | 1376.38 | 1036.72 |