Milky Mist IPO Day 1 Subscription 11 Aug: Price and Details

The Milky Mist IPO is open for subscription today, 11 August 2026, with Day 1 of the three-day bidding window underway. The Milky Mist IPO is priced at Rs 133 to Rs 140 per share, with a lot size of 107 shares and a minimum retail investment of Rs 14,980 at the upper price band. The Rs 1,553 crore issue, backed by global investor Temasek, will remain open until August 13, with allotment expected on August 14 and shares tentatively scheduled to list on NSE and BSE on August 18, 2026. The anchor investor allocation for the Milky Mist IPO was completed today.

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The Milky Mist IPO consists of a fresh issue of Rs 1,428 crore and an offer for sale of Rs 125 crore. JM Financial, Axis Capital and IIFL Capital Services are the book-running lead managers. KFin Technologies is the registrar. The Milky Mist IPO is one of the largest mainboard issues in the current August 2026 IPO season, alongside Dhoot Transmission and LEAP India.

Milky Mist IPO: Key Details

Particulars	Details
Issue Size	Rs 1,553 crore
Fresh Issue	Rs 1,428 crore (10.20 crore shares)
OFS	Rs 125 crore (89.28 lakh shares)
Price Band	Rs 133 to Rs 140 per share
Face Value	Rs 2 per share
Lot Size (Retail)	107 shares (min Rs 14,980 at upper band)
Open / Close	11 August to 13 August 2026
Allotment	14 August 2026
Listing	18 August 2026 (NSE and BSE)
Lead Managers	JM Financial, Axis Capital, IIFL Capital
Registrar	KFin Technologies Ltd.
Investor	Temasek (Singapore)

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Milky Mist: Business and Financials

Milky Mist Dairy Food Limited is a Tamil Nadu-based manufacturer of premium value-added dairy products under the Milky Mist brand. Its portfolio includes paneer, cheese, curd, butter, ghee, yogurt, ice cream, UHT dairy products, chocolates and frozen foods. The Milky Mist IPO represents a play on India's rapidly growing organised dairy market, where consumers are shifting from loose and unbranded products to packaged, certified and branded alternatives.

The Milky Mist IPO's financial credentials are strong. FY26 revenue stood at Rs 3,145.01 crore, up 33.6 percent from Rs 2,354.79 crore in FY25. Profit after tax surged to Rs 127.01 crore from Rs 46.07 crore, a 175.5 percent increase. EBITDA was Rs 435.22 crore for FY26. The Milky Mist IPO has Temasek as an existing institutional backer and the post-issue promoter stake will be 79.52 percent, indicating strong founder commitment. The fresh issue proceeds will fund a new R&D centre, manufacturing expansion and general corporate purposes.

Risks and Considerations

Investors evaluating the Milky Mist IPO on Day 1 should note key sector risks: raw milk price volatility, competition from Amul, Mother Dairy and Nestlé, geographic concentration in South India and the inherent perishability challenges in dairy logistics. The large OFS component (Rs 125 crore) means some listing day selling pressure from shareholders who received allotment at lower prices. Read the RHP before applying.

Grey market premium data for this IPO circulates informally and is not published, verified or endorsed by SEBI, NSE or BSE. GMP is unofficial, frequently inaccurate and should not be the basis for any investment decision. For GMP updates, check dedicated IPO tracking platforms and verify information independently.

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Conclusion

The Milky Mist IPO is open on Day 1 today, 11 August 2026, with the Rs 1,553 crore Temasek-backed dairy issue available for subscription at Rs 133-140 per share. Lot size is 107 shares with a minimum retail investment of Rs 14,980. FY26 PAT grew 175.5 percent to Rs 127 crore. Allotment is expected on August 14 and listing on NSE and BSE on August 18. Investors should read the RHP and consult a SEBI-registered financial advisor before subscribing.

What is the Milky Mist IPO price band?

Ans. The Milky Mist IPO price band is Rs 133 to Rs 140 per share with a face value of Rs 2 per share. The lot size is 107 shares, requiring a minimum retail investment of Rs 14,980 at the upper price band.

When does the Milky Mist IPO close?

Ans. The Milky Mist IPO closes on 13 August 2026. Allotment is expected on 14 August and listing is scheduled for 18 August 2026 on NSE and BSE.

Who is backing the Milky Mist IPO?

Ans. Temasek, Singapore's state-owned global investment firm, is an existing shareholder in Milky Mist Dairy Food, providing institutional backing and global investor credibility to the Milky Mist IPO.

What does Milky Mist Dairy Food do?

Ans. Milky Mist Dairy Food manufactures premium value-added dairy products including paneer, cheese, curd, butter, ghee, yogurt, ice cream and frozen foods under the Milky Mist brand.

What are Milky Mist's FY26 financials?

Ans. Milky Mist reported FY26 revenue of Rs 3,145.01 crore (+33.6%) and profit after tax of Rs 127.01 crore (+175.5% from Rs 46.07 crore in FY25). EBITDA was Rs 435.22 crore.

What is the Milky Mist IPO issue size?

Ans. The Milky Mist IPO is Rs 1,553 crore, comprising a fresh issue of Rs 1,428 crore and an OFS of Rs 125 crore.

How do I apply for the Milky Mist IPO?

Ans. Apply through ASBA via your bank's net banking or UPI-enabled broker platforms. The Milky Mist IPO is open from 11 August to 13 August 2026.