| IPO Date | -- to -- |
| Listing Date | -- |
| Face Value | ₹ 2 / Share |
| Price Band | ₹ -- to ₹ -- / Share |
| Lot Size | Shares |
| Total Issue Size | (Aggregating up to 2035 ) |
| Fresh Issue | (Aggregating up to 1785 ) |
| Offer for Sale | (Aggregating up to 250 ) |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE NSE |
| Share holding pre issue | 642285000 |
| Share holding post issue | |
| Market Maker portion |
Milky Mist IPO opens on --, and closes on --.
| IPO Open Date | -- |
| IPO Close Date | -- |
| Basis of Allotment | -- |
| Initiation of Refunds | -- |
| Credit of Shares to Demat | -- |
| Listing Date | -- |
| Cut-off time for UPI mandate confirmation | -- |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | |||
| Retail (Max) | |||
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
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| Market Maker Shares Offered | |
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| Other Shares Offered | |
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| QIB Shares Offered | 50 |
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| NII (HNI) Shares Offered | 15 |
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| bNII > ₹10L | |
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| sNII < ₹10L | |
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| Retail Shares Offered | 35 |
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| Employee Shares Offered | |
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| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Incorporated in 2014, Milky Mist Dairy Food Limited is an Indian dairy company engaged in the production and distribution of a wide range of dairy and frozen food products.
The company initially introduced branded packaged paneer in India and subsequently expanded its portfolio to include curd, ghee, butter, cheese, yogurt, ice cream, UHT long shelf life products, chocolates, and sweetened condensed milk.
Operations & Infrastructure
Milky Mist Dairy Food Limited operates an integrated farm-to-retail supply chain model. Raw milk is sourced directly from 67,615 farmers across 22 districts in Tamil Nadu, Andhra Pradesh, and Karnataka, all located within a 400-kilometre radius of its primary manufacturing facility in Perundurai, Erode District, Tamil Nadu. This facility focuses on value-added dairy production. A second facility in Bengaluru, Karnataka, is dedicated to the production of frozen foods, including ready-to-eat (RTE) and ready-to-cook (RTC) products.
As of March 31, 2025, the company’s logistics infrastructure included 44 milk vans for sourcing, 252 reefer trucks for temperature-controlled transportation of perishable goods, and 34 ambient trucks for non-perishable items.
Sales & Distribution
The company’s distribution network spans multiple sales channels, including general trade, modern trade, HoReCa (hotels, restaurants, and cafés), e-commerce, quick commerce platforms, and exclusive Milky Mist parlours. Products are sold in 22 states and 5 union territories through 3,062 distributors and 44 clearing and forwarding (C&F) depots in 44 cities across 13 states. This network reaches over 350,000 retail touchpoints across India.
Market Presence
According to the 1Lattice Report, in Fiscal 2025, the company held approximately 17% market share by value in the organised packaged paneer segment in India. In the same fiscal year, it had approximately 12% market share in the organised packaged cheese market in South India and approximately 5% market share nationally among private players in the same category.
Exports
Between April 1, 2022, and March 31, 2025, the company exported dairy products to more than 15 countries, including Singapore, the United States, Australia, and various countries in the Middle East.
Employees
As of March 31, 2025, Milky Mist Dairy Food Limited employed 1,524 permanent employees.
| KPI | Values |
|---|---|
| ROE | 15.11 |
| ROCE | 9.54 |
| Debt/Equity | 4.20 |
| RoNW | 18.98 |
| P/BV | |
| PAT Margin (%) | 1.96 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.72 | |
| P/E (x) |
Sathishkumar T and Anitha S
Milky Mist Dairy Food Ltd. Address SF No. 43/1-4, Pattakaranpalayam, Perundurai Erode, Tamil Nadu, 638057
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