
Food & Beverages · NSE / BSE
Incorporated in 2014, Milky Mist Dairy Food Limited is an Indian dairy company involved in manufacturing and distributing a wide range of dairy and frozen food products. The company began by introducing branded packaged paneer in India and later expanded into products such as curd, ghee, butter, cheese, yogurt, ice cream, UHT long-life products, chocolates and sweetened condensed milk. It follows an integrated farm-to-retail model, sourcing raw milk directly from over 67,000 farmers across Tamil Nadu, Andhra Pradesh and Karnataka, and operates manufacturing facilities in Perundurai, Tamil Nadu for value-added dairy products and Bengaluru, Karnataka for frozen and ready-to-eat or ready-to-cook foods. As of March 31, 2025, the company had a strong logistics network and a wide distribution presence across 22 states and 5 union territories, serving more than 350,000 retail outlets through multiple sales channels. Milky Mist holds a significant share in the organised packaged paneer and cheese markets, exports to over 15 countries, and employed 1,524 permanent staff as of the same date.
Price Band
₹133 – ₹140
Issue Size
₹11094.32 L Cr
Lot Size
107 shares
GMP
+14.1%
Est. Listing
₹159.7
at current GMP
Subscribed
59.07x
overall
Open
11 Aug 2026
Close
13 Aug 2026
Allotment
14 Aug 2026
Refund
15 Aug 2026
Demat Credit
16 Aug 2026
Listing
18 Aug 2026
Overall Subscription
59.07x
Total Demand
QIB Multiplier
164.03x
Institutions & Funds
NII / HNI
36.75x
High Net-Worth
Retail (RII)
8.85x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 22,157,144 | 3,634,517,685 | 164.03x |
| NIB | 16,617,857 | 610,743,267 | 36.75x |
| HNIs(10L +) | 11,078,571 | 433,028,037 | 39.09x |
| HNIs (2-10L) | 5,539,286 | 177,715,230 | 32.08x |
| RETAIL | 38,775,000 | 343,090,685 | 8.85x |
| EMPLOYEES | 157,480 | 2,071,199 | 13.15x |
| Total | 94,325,338 | 5,201,166,103 | 59.07x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 362,383 | 2,683,133 | 7.40x |
| EMPLOYEES | — | 12,657 | 0.00x |
| HNIs(10L +) | 7,396 | 58,994 | 7.98x |
| HNIs (2-10L) | 3,698 | 114,495 | 30.96x |
| Total Applications | 373,477 | 2,869,279 | 7.68x |
Milky Mist Dairy Food Limited is bringing an initial public offering (IPO) in the Food & Beverages sector with an aggregate issue size of ₹11,09,43,194 Crores. The shares are offered at a price band of ₹133 to ₹140 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2026-08-13, the basis of allotment is scheduled to be finalized on 2026-08-14. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
The Milky Mist Dairy Food Limited IPO aggregate issue size is ₹11,09,43,194 Crores with an equity price band set at ₹133 to ₹140 per equity share. The retail lot size is 107 shares requiring a minimum capital outlay of approx. ₹14,980.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-08-14.