About
Milky Mist Dairy Food Limited is a packaged food company engaged in the business of procuring milk and manufacturing a diverse range of value-added dairy products. The company’s business model is exclusively focused on premium, higher-margin products rather than liquid milk, generating its revenue from the sale of its extensive product portfolio. Its offerings include paneer, cheese, curd, butter, ghee, yogurt, ice cream, and UHT long-shelf-life products, marketed under the ‘Milky Mist’ brand. The company has also diversified into adjacent categories like ready-to-cook and ready-to-eat foods. All products are produced at its manufacturing facility in Tamil Nadu, which is strategically located in a region with high raw milk availability. With a strong market presence in South India, the company concentrates on creating innovative products to meet evolving consumer preferences for value-added dairy items.
IPO schedule
| Issue open date |
2026-08-11 |
| Issue close date |
2026-08-13 |
| UPI mandate deadline |
2026-08-13 (5 PM) |
| Allotment finalization |
2026-08-14 |
| Refund initiation |
2026-08-17 |
| Share credit |
2026-08-17 |
| Listing date |
2026-08-18 |
| Mandate end date |
2026-08-28 |
| Lock-in end date for anchor investors (50%) |
2026-09-12 |
| Lock-in end date for anchor investors (remaining) |
2026-11-11 |
Financials
| Financial Year Ended |
March 2024 |
March 2025 |
March 2026 |
| Total Assets |
1606.26 |
2150.59 |
2676.46 |
| Revenue |
1826.86 |
2354.79 |
3145.01 |
| Profit After Tax |
19.44 |
46.07 |
127.01 |
Issue size
| Funds Raised in the IPO |
Amount |
| Total issue size |
1553 |
| Fresh Issue - Proceeds go to the company |
1428 |
| Offer for sale - Proceeds go to the existing investors |
125 |
Utilisation of proceeds
| Purpose |
INR crores (%) |
| Repayment of borrowings |
496.86 (34.79%) |
| Capex for facility expansion |
469.24 (32.86%) |
Deployment of coolers & freezers
|
155.31 (10.88%) |
| General corporate purposes |
306.59 (21.47%) |
Strengths
- Exclusively focused on high-margin, value-added dairy products.
- Strong brand recognition and market leadership in South India.
- Extensive and diverse product portfolio catering to varied consumer needs.
- Advanced, large-scale manufacturing and in-house production capabilities.
- Product innovation focus, including health and convenience-driven offerings.
Risks
- Business is highly dependent on the "Milky Mist" brand.
- Inability to effectively manage inventory could lead to spoilage and waste.
- Operations are concentrated, with a single manufacturing facility in Tamil Nadu.
- Failure to manage food safety standards and quality could lead to liability.
- High dependence on raw milk supply, subject to price and availability fluctuations.
Allotment Status for Milky Mist Dairy Food
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment s
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