Milky Mist
Demand
Red-hot
subscribed 59.08x overall
Grey market
+14.3%
implied listing pop
History says
+6.9%
median at this premium · middle half +2% to +12% · n=68
Listed
+17.9%
day-1 close +29.6% vs issue
Latest GMP
₹20
grey-market premium
Implied pop
+14.3%
GMP over issue price
History says
+6.9%
median actual listing at this GMP (n=68)
Range of outcomes
middle half of 68 listings at this GMP
GMP trend
6 street quotes since 08/18
Final Subscription
Subscribed 59.08xoverall · last updated 2026-08-27 00:45 UTC
| Category | Shares reserved | 24-08 | 26-08 | 27-08 | |||
|---|---|---|---|---|---|---|---|
| Shares bid | Times | Shares bid | Times | Shares bid | Times | ||
| ∟QIB (Ex Anchor) | 2,21,57,144 | 3,63,45,17,685 | 164.03× | 3,63,45,17,685 | 164.03× | 3,63,45,17,685 | 164.03× |
| NII | 1,66,17,857 | 61,07,43,267 | 36.75× | 61,07,43,267 | 36.75× | 61,07,43,267 | 36.75× |
| ∟bNII (> ₹10L) | 1,10,78,571 | 43,30,28,037 | 39.09× | 43,30,28,037 | 39.09× | 43,30,28,037 | 39.09× |
| ∟sNII (< ₹10L) | 55,39,286 | 17,77,15,230 | 32.08× | 17,77,15,230 | 32.08× | 17,77,15,230 | 32.08× |
| Retail | 3,87,75,000 | 34,34,70,321 | 8.86× | 34,34,70,321 | 8.86× | 34,34,70,321 | 8.86× |
| Employee | 1,57,480 | 20,71,199 | 13.15× | 20,71,199 | 13.15× | 20,71,199 | 13.15× |
| Total | 7,77,07,481 | 4,59,08,02,472 | 59.08× | 4,59,08,02,472 | 59.08× | 4,59,08,02,472 | 59.08× |
Allotment odds (1 lot lottery once oversubscribed) — Retail: ≈ 1 in 9 applicants · Small NII: ≈ 1 in 33 applicants · Big NII: ≈ 1 in 40 applicants
Allotment Probability
Retail · subscribed 8.86x
11%
Small HNI (sNII) · subscribed 32.08x
3%
Big HNI (bNII) · subscribed 39.09x
3%
Chance of winning at least one lot per application, from the shares reserved for the category vs current demand. QIB allots pro-rata, not by lottery. Demand can spike on the final day.
📋Issue Details
| Offer Type | Bookbuilding IPO |
| Sale Type | Fresh capital cum OFS |
| Listing At | BSE, NSE |
| Face Value | ₹ 2 per share |
| Price Band | ₹133 to ₹140 |
| Lot Size | 107 shares |
| Total Issue Size | 11,09,43,192 shares (agg. up to ₹ 1,553 Cr) |
| Fresh Issue | 10,20,14,622 shares (agg. up to ₹ 1,428 Cr) |
| Offer for Sale | 89,28,570 shares of ₹ 2 (agg. up to ₹ 125 Cr) |
| Scrip / Symbol | 544868 / MILKYMIST |
| ISIN | INE00IT01020 |
🗓️IPO Schedule
Open
Tue, Aug 11, 2026
Close
Thu, Aug 13, 2026
Allotment
Fri, Aug 14, 2026
Refunds
Mon, Aug 17, 2026
Demat credit
Mon, Aug 17, 2026
Listing
Tue, Aug 18, 2026
🏛️Pre & Post Issue Capital
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 93% | 79.51% |
| Public | 7.00% | 20.49% |
| Total | 100% | 100% |
💰Valuation & Market Cap
| EPS(₹) (pre → post) | 1.90 → 1.65 |
| P/E (x) (pre → post) | 73.68 → 84.85 |
| Market Cap at Offer Price | ₹13,972.66 Cr |
📊Company Financials ₹ crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 2,676.46 | 2,150.59 | 1,606.26 |
| Total Income | 3,145.01 | 2,354.79 | 1,826.86 |
| Profit After Tax | 127.01 | 46.07 | 19.44 |
| EBITDA | 435.22 | 310.35 | 222.33 |
| NET Worth | 378.00 | 242.77 | 197.05 |
| Reserves and Surplus | 333.55 | 199.23 | 278.04 |
| Total Borrowing | 1,671.85 | 1,376.38 | 1,036.72 |
🎯Key Performance Indicators
| ROE | 32.12% |
| ROCE | 11.73% |
| Debt/Equity | 3.61 |
| RoNW | 33.60% |
| PAT Margin | 4.05% |
| EBITDA Margin | 13.87% |
| NAV | 5.87 |
| Price to Book Value |
Lot Size — what an application costs
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,980 |
| Retail (Max) | 13 | 1,391 | ₹1,94,740 |
| S-HNI (Min) | 14 | 1,498 | ₹2,09,720 |
| S-HNI (Max) | 66 | 7,062 | ₹9,88,680 |
| B-HNI (Min) | 67 | 7,169 | ₹10,03,660 |
Issue Reservation
| Category | Shares | % of issue | Max allottees |
|---|---|---|---|
| QIB | 5,53,92,855 | 50.00% | 49.93% |
| − Anchor Investor | 3,32,35,713 | 29.96% | |
| − QIB (Ex. Anchor) | 2,21,57,142 | 19.97% | |
| NII (HNI) | 1,66,17,857 | 15.00% | 14.98% |
| − bNII > ₹10L | 1,10,78,572 | 9.99% | |
| − sNII < ₹10L | 55,39,285 | 4.99% | |
| Retail | 3,87,75,000 | 35.00% | 34.95% |
| Employee | 1,57,480 | 0.14% | |
| Total | 11,09,43,192 | 100.00% | 100.00% |
🔔Listing Day
Issue price
₹140
Listing open
₹165
Open vs issue
+17.9%
Day-1 close
+29.6%
vs issue price
GMP trend
| Date | GMP ₹ | Implied |
|---|---|---|
| 2026-08-19 | 20 | +14.3% |
| 2026-08-18 | 20 | +14.3% |
| 2026-08-18 | 20 | +14.3% |
| 2026-08-18 | 20 | +14.3% |
| 2026-08-18 | 20 | +14.3% |
| 2026-08-18 | 20 | +14.3% |
🏢About Milky Mist
Milky Mist Dairy Food IPO is a book build issue of ₹1,553.00 crores. The issue is a combination of fresh issue of 10.20 crore shares aggregating to ₹1,428.02 crores and offer for sale of 0.89 crore shares aggregating to ₹124.98 crores.
Milky Mist Dairy Food IPO bidding started from Aug 11, 2026 and ended on Aug 13, 2026. The allotment for Milky Mist Dairy Food IPO was finalized on Aug 14, 2026. The shares got listed on NSE and BSE on Aug 18, 2026.
Milky Mist Dairy Food IPO is set final issue price at ₹140 per share. The lot size for an application is 107 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,980 (107 shares) (based on upper price).
The issue includes a reservation of up to 1,57,480 shares for employees offered at a discount of ₹13.00 to the issue price.
🎯Objects of the Issue
| Object | ₹ Cr |
|---|---|
| Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by Co | 496.86 |
| Financing the capital expenditure requirements in relation to the expansion and modernisat | 469.24 |
| Deployment of visi coolers, ice cream freezers and chocolate coolers | 155.31 |
| General corporate purposes | 206.62 |
| Issue Expenses | 108.72 |
👥Selling Shareholders
| Name | Category | Shares offered |
|---|---|---|
| Sathishkumar T. | Promoter | 53,57,142 |
| Anitha S. | Promoter | 35,71,428 |
| Total | 89,28,570 |
💼Lead Managers
- • JM Financial Ltd.
- • Axis Capital Ltd.
- • IIFL Capital Services Ltd.
🗳️Registrar
- • Kfin Technologies Ltd.
- allotment status is checked on the registrar's portal
🏢Registered Office
📍 SF No. 43/1-4,, Pattakaranpalayam,, Perundurai, Erode, Tamil Nadu, 638057
📞 91 424 2533248
✉️ investor@milkymist.com
Grey-market numbers are unofficial street quotes, aggregated across sources. Not investment advice.