Milky Mist IPO: Listing Date, Price Band, and Key Details
The Indian stock market is set to witness the listing of Milky Mist, a leading dairy products maker from Tamil Nadu, with its IPO scheduled to open on August 11. The company has fixed the price band for its Rs 1,553-crore IPO at Rs 133-140 per share.
Milky Mist IPO Details
The company has trimmed the size of its IPO from the earlier planned Rs 2,035 crore to Rs 1,553 crore after a pre-IPO stake sale to Jongsong Investments, a subsidiary of Singapore state investor Temasek.
The public issue consists of a fresh issue of shares worth Rs 1,428.2 crore and an offer for sale (OFS) of Rs 125 crore by existing shareholders. Half of the issue has been earmarked for qualified institutional buyers (QIBs), while non-institutional investors (NIIs) have been allocated 15%. The remaining 35% has been reserved for retail investors.
Book Running Lead Managers
The Axis Capital, JM Financial and IIFL Capital Services are the book-running lead managers for the issue. Milky Mist is expected to list on the BSE and NSE on August 18.
Milky Mist IPO Proceeds
- Milky Mist will use Rs 496.8 crore from the net proceeds of the fresh issue to repay debt. The company had total borrowings of Rs 1,390.7 crore as of May 2026.
- The company has earmarked Rs 469.2 crore for the expansion and modernisation of its manufacturing facility at Perundurai.
- Another Rs 155.3 crore will be invested in deploying visi coolers, ice cream freezers and chocolate coolers.
- The remaining proceeds will be used for general corporate purposes.
About Milky Mist
Milky Mist, which exclusively manufactures value-added dairy products, sells its products under the flagship Milky Mist brand, along with sub-brands including SmartChef, Capella and Misty Lite.
Its manufacturing operations are currently based out of Perundurai in Tamil Nadu. Milky Mist, which says it is the largest private packaged paneer brand in the organised market, reported a profit of Rs 127 crore for the financial year ended March 2026, up 176% from Rs 46.1 crore a year earlier.
Its revenue rose 33.6% to Rs 3,138.4 crore during the same period.
Key Takeaways
- The Milky Mist IPO is scheduled to open on August 11 with a price band of Rs 133-140 per share.
- The company has trimmed the size of its IPO from the earlier planned Rs 2,035 crore to Rs 1,553 crore.
- Milky Mist will use Rs 496.8 crore from the net proceeds of the fresh issue to repay debt.
FAQs
What is the price band for the Milky Mist IPO?
The price band for the Milky Mist IPO is fixed at Rs 133-140 per share.
Who are the book running lead managers for the Milky Mist IPO?
The Axis Capital, JM Financial and IIFL Capital Services are the book-running lead managers for the issue.
What is the expected listing date for Milky Mist?
Milky Mist is expected to list on the BSE and NSE on August 18.
Conclusion
The Milky Mist IPO is set to open on August 11 with a price band of Rs 133-140 per share. The company has trimmed the size of its IPO from the earlier planned Rs 2,035 crore to Rs 1,553 crore. Milky Mist will use Rs 496.8 crore from the net proceeds of the fresh issue to repay debt. Investors can apply for a minimum of one lot comprising 107 equity shares, and in multiples thereafter. At the upper end of the price band, the minimum investment required is Rs 14,980.
