Milky Mist Dairy Food IPO Sees Active Demand On Final Day of Bidding, Issue Booked Over 55 Times - Check Details

The subscription window of Milky Mist Dairy Food’s initial public offering (IPO) closed on August 13, 2026. The issue saw active investor participation on the final day of subscription, as demand for the packaged food company’s shares remained robust. Here are some of the key details related to the public issue.

Milky Mist Dairy Food IPO Subscription Details

On the final day of bidding, the IPO was oversubscribed 55.70 times, according to the latest market data. The issue received bids for 4.55 billion shares across categories compared to the net offer size of 81.79 million shares set aside for the public. Notably, the net offer size is calculated by deducting the 33.20 million shares already allotted to anchor investors.

Qualified institutional buyers (QIBs) applied for 3.63 billion shares compared to the 23.30 million shares set aside for the category, subscribing their quota 155.83 times. Non-institutional investors (NIIs) booked their quota 34.66 times, applying for 606.30 million shares compared to the 17.49 million shares on offer.

Retail individual investors (RIIs) booked their quota 7.67 times, applying for 313.09 million shares against the 40.81 million shares set aside for them. Employees of the company booked their quota 11.69 times by applying for 1.94 million shares compared to the 166,666 shares set aside for them.

Milky Mist Dairy Food IPO GMP

The grey market premium (GMP) for Milky Mist's shares stood around Rs 30 per share, according to websites that track the demand for shares of unlisted companies. Based on the current GMP trends, the company’s shares are expected to list at Rs 170, making a debut with a premium of 21.43 per cent above the upper end of the price band. However, investors must note that GMP trends are an unofficial predictor of listing price, and the actual listing price of the stock depends on several market factors.

Milky Mist Dairy Food IPO Issue Size

Milky Mist Dairy Food seeks to raise Rs 1,553 crore from its public issue, which includes a fresh issue of 102 million shares aggregating to Rs 1,428 crore and an offer for sale (OFS) of 8.90 million shares aggregating to Rs 125 crore.

Milky Mist Dairy Food IPO Price Band

The price band has been set between Rs 133 and Rs 140 per share. The minimum lot size for RIIs is 107 shares, which amounts to a minimum investment of Rs 14,980. The issue also includes an employee discount of Rs 13 per share.

Milky Mist Dairy Food IPO: Subscription and Listing Date

The subscription window opened on August 11 and closed on August 13. The basis of allotment is expected to be finalised on August 14. The company will issue refunds to unsuccessful bidders and credit shares to the demat accounts of successful bidders on August 17. The shares are tentatively scheduled to list on both the NSE and the BSE on August 18.

Milky Mist Dairy Food: Key Financials

The company posted a total income of Rs 3,145.01 crore for the financial year ended March 31, 2026, indicating an increase of 34 per cent compared to Rs 2,354.79 crore in the preceding fiscal. In the 12-month period, the company’s net profit-after-tax (PAT) stood at Rs 127.01 crore, up by 176 per cent compared to Rs 46.07 crore in the preceding fiscal. The net worth of the company grew to Rs 378 crore, up by 55.70 per cent compared to Rs 242.77 crore in the previous year.

Milky Mist Dairy Food IPO: Registrar

KFin Technologies is the registrar to the issue, while JM Financial serves as the book-running lead manager.

About Milky Mist Dairy Food

Milky Mist Dairy Food is a packaged food company that focuses on premium value-added dairy products. The company manufactures and markets a diversified portfolio including cheese, paneer, butter, curd, ghee, yogurt, ice cream, ultra-high temperature (UHT) products, frozen foods, ready-to-eat (RTE) and ready-to-cook (RTC) foods, and chocolates under its flagship brand ‘Milky Mist’ and other sub-brands.