Milky Mist Dairy Food Ltd. IPO Details

Incorporated in 1999 and headquartered in Erode, Tamil Nadu, Milky Mist Dairy Food Limited is a leading Indian dairy brand. The company operates an integrated "farm-to-retail" supply chain model, sourcing raw milk directly from over 67,000 farmers across Tamil Nadu, Andhra Pradesh, and Karnataka. It specializes in value-added dairy products like paneer, cheese, curd, yogurt, butter, and ice cream, along with ready-to-cook/ready-to-eat products.

Business Verticals & Position

• Market Share Leader: Holds ~17% market share in India's organized packaged paneer segment and ~12% market share in South India's organized packaged cheese segment.

• Widespread Distribution: Serves over 3,50,000 retail touchpoints across 22 states and 5 union territories through 3,060+ distributors and 44 clearing & forwarding depots.

• Manufacturing Infrastructure: Primary state-of-the-art automated manufacturing facility located at Perundurai, Erode (Tamil Nadu), complemented by a specialized facility in Bengaluru.

Track Record

• Financial Scale: Operational revenue grew steadily from ₹1,398.95 Cr in FY23 to ₹1,826.86 Cr in FY24, and expanded further to ₹2,354.79 Cr for the fiscal year ended March 31, 2025.

• Profitability: Net profit (PAT) expanded from ₹19.44 Cr in FY24 to ₹46.07 Cr in FY25.

• Return Metrics: Operates with expanding profitability, featuring an EBITDA margin of 13.21% and Return on Net Worth (RoNW) of 18.98% for FY25.

Milky Mist Dairy Food Ltd IPO GMP

As of August 05, 2026, the Grey Market Premium (GMP) is currently ₹0.

Note: Because public subscriptions open next week on August 11, early grey market tracking indicators are starting flat. Subscription and premium momentum are expected to pick up closer to the bidding launch.

Milky Mist Dairy Food Ltd IPO Allotment Status

The allotment is scheduled to be finalized on August 14, 2026.

Check Milky Mist Dairy Food Allotment Status

To check your status online once the issue closes, visit the assigned registrar tracking portal or monitor updates on the mainboard exchange portals: KFin Technologies IPO Status Portal

You can verify your status via:

• Registrar's website (KFin Technologies Limited)

• BSE and NSE official mainboard tracking portals

• Using your PAN number, Application ID, or DP ID/Client ID

Strengths

• Strong Brand Recall & Value-Added Mix: High brand recognition across South India with leadership in packaged paneer and cheese categories.

• Integrated Supply Chain: Sourcing milk directly from over 67,000 farmers ensures quality control, supply chain resilience, and cost efficiency.

• Wide Multichannel Reach: Deep retail presence across traditional general trade, modern trade, quick commerce platforms, and exclusive brand parlours.

Weaknesses

• Geographical Concentration: A significant portion of overall revenue remains concentrated in Southern India markets.

• Raw Milk Price Volatility: Sourcing costs and gross margins are sensitive to monsoon patterns, fodder prices, and seasonal milk yield cycles.

How the Company Will Use IPO Money

The fresh issue proceeds (₹1,428.00 Cr) will be utilized for:

• Debt Repayment: Full or partial repayment/prepayment of outstanding borrowings.

• Capital Expenditure: Funding expansion and modernization of the Perundurai manufacturing facility, along with procurement of coolers/freezers for distribution expansion.

• General Corporate Purposes: General operational requirements and public offering costs.

Lead Manager & Registrar

• Book Running Lead Managers: JM Financial Ltd., Axis Capital Ltd., and IIFL Capital Services Ltd

• Registrar: KFin Technologies Limited