Milky Mist Dairy Food is launching its Initial Public Offering (IPO) today, aiming to raise Rs 1,553 crore through a combination of fresh issue and Offer for Sale (OFS). While the IPO is fully valued at the upper price band, analysts have given it a 'Subscribe – Long Term' rating, suggesting potential benefits for investors with a longer investment horizon.
The Rs 1,553 crore book-built issue consists of a fresh issue of 10.20 crore shares worth Rs 1,428 crore and an OFS of 0.89 crore shares valued at Rs 125 crore. Promoter shareholders Sathishkumar T. and Anitha S. will sell shares worth Rs 75 crore and Rs 50 crore, respectively, under the OFS component. The IPO, with a price band of Rs 133–140 per share, will open for subscription on August 11, 2026, and close on August 13, 2026. Shares are expected to list on the NSE and BSE on August 18, 2026.
Milky Mist Dairy Food has already raised Rs 465.29 crore from anchor investors by allotting 3.32 crore equity shares at the upper price band of Rs 140 per share. The funds from the fresh issue will be used to strengthen the company's balance sheet, repay or prepay certain borrowings, and fund expansion projects, including modernising its Perundurai manufacturing facility.
The company reported a 34% increase in total income to Rs 3,145.01 crore in FY26, with profit after tax rising 176% to Rs 127.01 crore. Milky Mist Dairy Food plans to invest in expanding its distribution network and enhancing market presence through the deployment of visi coolers and ice cream freezers.
Incorporated in July 2014, Milky Mist Dairy Food is a prominent player in the Indian packaged food industry, offering a wide range of dairy products under its flagship brand and sub-brands. The company operates an integrated farm-to-consumer model, supported by a robust logistics network.
Background
Milky Mist Dairy Food has shown strong financial growth in recent years, making it an attractive option for investors. The company's focus on premium and value-added dairy products, along with its integrated supply chain, positions it well in the competitive Indian dairy market.
With a strong financial performance in FY26 and strategic plans for growth, Milky Mist Dairy Food's IPO is expected to attract significant investor interest. Investors should monitor the company's listing performance and its execution of expansion plans.
