Dairy products maker Milky Mist Dairy Food Ltd has set its initial public offering (IPO) price band at ₹133 to ₹140 per equity share to raise up to ₹1,553 crore. The issue opens for public subscription on Tuesday, August 11, 2026, and closes on Thursday, August 13, 2026, marking what is set to be the largest IPO by an Indian dairy company to date.Milky Mist IPO: Key Overview & StructureThe public issue consists of a fresh issue of shares worth up to ₹1,428 crore and an offer for sale (OFS) of up to ₹125 crore by promoter shareholders. Milky Mist revised its offering size down from the ₹2,035 crore proposed in its initial filings following a pre-IPO fundraising round of ₹357 crore from investors including Temasek subsidiary Jongsong Investments.At the top end of the ₹133–140 price band, the Tamil Nadu-based dairy manufacturer commands an estimated post-issue market valuation between ₹10,310 crore and ₹10,778 crore.ParameterDetailsPrice Band₹133 to ₹140 per equity share (Face Value: ₹2)Issue Size₹1,553 crore (Fresh Issue: ₹1,428 Cr | OFS: ₹125 Cr)Minimum Lot Size107 Equity SharesMinimum Investment (Retail)₹14,980 (at upper price band)Post-Issue Valuation₹10,310 Cr – ₹10,778 CrListing ExchangesBSE & NSEBook Running Lead ManagersJM Financial, Axis Capital, IIFL Capital ServicesRegistrarKFin Technologies LimitedKey IPO DatesAnchor Investor Bidding: Monday, August 10, 2026IPO Subscription Opens: Tuesday, August 11, 2026IPO Subscription Closes: Thursday, August 13, 2026Finalisation of Allotment: Friday, August 14, 2026Initiation of Refunds / Demat Credit: Monday, August 17, 2026Tentative Listing Date: Tuesday, August 18, 2026Quota AllocationThe net issue is structured with defined limits across key investor categories:Qualified Institutional Buyers (QIB): Up to 50% of the net offer.Retail Individual Investors (RII): At least 35% of the net offer.Non-Institutional Investors (NII / HNI): At least 15% of the net offer.Objects of the IssueMilky Mist plans to deploy the proceeds from its fresh issue (₹1,428 crore) across core operational priorities:Debt Repayment: Allocating ₹496.8 crore to repay or prepay existing borrowings, reducing overall financial leverage (total borrowings stood at ₹1,390.7 crore as of May 2026).Facility Modernisation & Expansion: Deploying ₹469.2 crore to upgrade and expand its flagship manufacturing facility in Perundurai, Tamil Nadu (including new lines for whey protein concentrate, yogurt, and cream cheese).Cold-Chain Infrastructure: Spending ₹155.3 crore to deploy visi-coolers, ice cream freezers, and specialized chocolate coolers.General Corporate Purposes: Reserving the balance for working capital and strategic operational needs.Financial Performance & Business HighlightsFounded in Erode, Tamil Nadu, Milky Mist specializes exclusively in value-added dairy products—such as paneer, cheese, butter, yogurt, and ice cream—without operating in the low-margin liquid milk segment.Revenue Growth: Revenues jumped 33.6% year-on-year to ₹3,145 crore for FY26, up from ₹2,355 crore in FY25.Net Profit Surge: Profit After Tax (PAT) surged 176% to ₹127 crore in FY26 compared to ₹46 crore in FY25.Market Position: It stands as India's largest private packaged paneer brand in the organized market, operating high-efficiency processing infrastructure and an extensive refrigerated logistics network.Also Read :- Milky Mist IPO Opens August 11; Issue Size Reduced by ₹482 CroreDisclaimer: This article is published for informational and educational purposes only and should not be construed as financial, investment, or trading advice. The views, opinions, estimates, and recommendations, if any, are those of the respective analysts, experts, or brokerage firms cited and do not necessarily reflect the views of Bumppy News. Readers are advised to conduct their own research and consult a SEBI-registered financial advisor or other qualified professional before making any investment or financial decisions. Investments in securities and financial markets are subject to market risks.
