Milky Mist Dairy Food IPO Day 1: Subscription Status, Timeline & Key Issue Details

Milky Mist Dairy Food’s  ₹1,553.00 crore initial public offering (IPO) opened for public subscription today, August 11, 2026, with a price band of ₹133 to ₹140 per share. As of 10:30 A.M. on the first day of bidding, the issue had been subscribed 0.10 times.

The IPO will remain open for subscription until August 13, 2026. The basis of allotment is expected to be finalised on August 14, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on August 18, 2026.

Milky Mist Dairy Food IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹1,553.00 crore
• Fresh Issue: Up to ₹1,428.00 crore
• Offer for Sale (OFS): Up to ₹125.00 crore 
• Face Value: ₹2 per equity share
• Price Band: ₹133 to ₹140 per share
• Lot Size: 107 shares
• Minimum Investment Amount (Retail Investor): ₹14,980 (107 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: JM Financial Limited, Axis Capital Limited and IIFL Capital Services Limited
• Registrar: KFin Technologies Limited

Milky Mist Dairy Food IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Milky Mist Dairy Food IPO Day 1 Subscription Status

[August 11, 2026, 10:30 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Repayment and or prepayment, in full or in part, of certain outstanding borrowings availed by the company
• Financing the capital expenditure requirements in relation to the expansion and modernisation of the Perundurai Manufacturing Facility
• Deployment of visi coolers, ice cream freezers and chocolate coolers
• General corporate purposes

About Milky Mist Dairy Food Limited

Incorporated in 2014, Milky Mist Dairy Food Limited is a rapidly expanding packaged food company in India, with a strong focus on value-added dairy products. Its product portfolio comprises cheese, butter, paneer, curd, ghee, yoghurt, ice cream and ultra-high-temperature (UHT) long-shelf-life products, along with frozen foods, ready-to-eat (RTE) and ready-to-cook (RTC) products, and chocolates.

The company sells its products under its flagship ‘Milky Mist’ brand and other brands such as ‘SmartaChef’, ‘Capella’ and ‘Misty Lite’. Its portfolio also includes the recently acquired ‘Briyas’ and ‘Asal’ brands. As of FY26, Milky Mist Dairy Food Limited was the largest private packaged paneer brand in India’s organised branded market, with an estimated market share of approximately 19.0%.

Key Financial Highlights 

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