Milky Mist Dairy Food IPO Day 2: Subscription Status, Timeline & Key Issue Details

Milky Mist Dairy Food’s  ₹1,553.00 crore initial public offering (IPO) entered its second day of public subscription today, August 12, 2026, with a price band of ₹133 to ₹140 per share. As of 10:30 A.M on the second day of bidding, the issue had been subscribed 1.05 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 2 Subscription Status

[August 12, 2026, 10:40 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 an expanding Indian packaged food company focused on value-added dairy products. Its portfolio includes 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) offerings, and chocolates.

The company markets its products under the flagship ‘Milky Mist’ brand, along with ‘SmartaChef’, ‘Capella’ and ‘Misty Lite’. Following recent acquisitions, its portfolio also includes the ‘Briyas’ and ‘Asal’ brands. In 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 around 19.0%.

Key Financial Highlights 

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