Milky Mist Dairy Food’s ₹1,553.00 crore initial public offering (IPO) is set to open for subscription on August 11, 2026. According to the Red Herring Prospectus (RHP), the book-built issue comprises a fresh issue of equity shares aggregating up to ₹1,428.00 crore and an Offer for Sale (OFS) of equity shares aggregating up to ₹125.00 crore by existing shareholders.

The IPO will remain open until August 13, 2026, while the anchor investor portion will open for subscription on August 10, 2026. The basis of allotment is expected to be finalised on August 14, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE 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: To be announced
Lot Size: To be announced
Minimum Investment Amount (Retail Investor): To be announced
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:

Event	Date
Subscription Opening Date	11 August 2026
Subscription Closing Date	13 August 2026
Basis of Allotment Date	14 August 2026
Refund Initiation Date	17 August 2026
Credit of Shares	17 August 2026
Listing on BSE and NSE	18 August 2026

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 Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

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 one of India's fastest-growing packaged food companies, with a primary focus on value-added dairy products. Its product portfolio includes cheese, butter, paneer, curd, ghee, yoghurt, ice cream, ultra-high-temperature (UHT) long-shelf-life products, and other offerings such as frozen foods, ready-to-eat (RTE), ready-to-cook (RTC) products, and chocolates.

The company markets its products under the flagship 'Milky Mist' brand, along with sub-brands such as 'SmartaChef', 'Capella', and 'Misty Lite', as well as recently acquired brands including 'Briyas' and 'Asal'. As of FY26, Milky Mist Dairy Food Limited was the largest private packaged paneer brand in India's organised branded market, with an approximate market share of 19.0%.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	3,138.36	2,349.50	1,821.61
EBITDA	435.22	310.35	222.33
Profit After Tax (PAT)	127.01	46.07	19.44