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Milky Mist Dairy Food IPO Price Band & Lot Size

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MILKYMIST · · NSE

Updated · GMP, subscription and listing data refresh through the day.

Milky Mist Dairy Food IPO Details

RegistrarKFin Technologies Limited
Lead managersJM Financial Limited
Offer documentDraft (DRHP)
Fresh issue₹1,428 Cr
Offer for sale₹125 Cr
Market cap at the offer₹10,778 Cr

Market capitalisation is the post-issue share count in the offer document’s capital structure (76,98,43,411 shares) multiplied by the upper end of the price band, ₹140. It is arithmetic on those two filed figures, not a valuation.

Milky Mist Dairy Food Financials ₹ in crore

Revenue CAGR+31.2%2024 → 2026 · 2 yrs
Profit CAGR+155.6%2024 → 2026 · 2 yrs
Expenses CAGR+29.4%2024 → 2026 · 2 yrs
Total assets CAGR+29.1%2024 → 2026 · 2 yrs
00%12501%25003%37504%50005%202420252026
₹ crore202420252026
Revenue₹1,826.86₹2,354.79₹3,145.01
Expenses₹1,784.17₹2,267.25₹2,986.52
Net profit (PAT)₹19.44₹46.07₹127.01
PAT margin1.1%2.0%4.0%
Total assets₹1,606.26₹2,150.59₹2,676.46

Milky Mist Dairy Food Shareholding before & after the IPO

Before the IPO
Pre-issue · RHP capital structure
93%
Promoter
After the IPO
Post-issue · as filed 17-AUG-2026
79.51%
Promoter
Promoter & promoter groupafter the IPO
Holding79.51%
Shares61,21,27,347
Through the IPO-13.49% · exiting

The founding owners and their group entities.

Breakdown as filed
Individuals / HUF79.51%61,21,27,347

Post-issue pattern as filed with the NSE. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.

Milky Mist Dairy Food IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹140
Retail (min)1 lot107₹14,980
Retail (max)13 lots1,391₹1,94,740
sHNI (min)14 lots1,498₹2,09,720
bHNI (min)67 lots7,169₹10,03,660

One lot is 107 shares, so a single application at the ₹140 cut-off costs ₹14,980. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.

Milky Mist Dairy Food IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (7)
The company is the fastest growing packaged food company in India with a CAGR of 29.82% from Fiscal 2023 to Fiscal 2025.
The company is exclusively focused on value-added dairy products, which are considered premium.
The company has a strong market presence in South India, particularly in paneer, curd, and cheese.
The company has integrated farm to retail infrastructure, ensuring quality and efficient supply chain.
The company has a diversified product portfolio with 23 product categories and 416 SKUs.
The company has advanced manufacturing capabilities enhanced by automation and technology-driven processes.
The company has a strong direct sourcing and engagement with farmers, ensuring high-quality raw milk and fair prices.
▼ Risk factors (8)
The company's manufacturing operations are dependent on the supply of large amounts of raw milk, primarily from Tamil Nadu.
The company significantly depends on its Perundurai Manufacturing Facility, and any adverse developments in the region could impact operations.
The company derives a significant portion of its revenue from the sale of products in South India, making it vulnerable to adverse developments in the region.
The company's inability to anticipate and adapt to evolving consumer tastes and preferences for product categories like paneer, cheese, and curd could adversely impact demand.
The company does not have long-term agreements with suppliers for other raw materials, exposing it to price volatility and potential shortfalls in availability.
The company is required to obtain certain statutory approvals, licenses, registrations, and permits, and failure to obtain or renew them could adversely affect business.
Improper processing or storage of raw materials or products, or spoilage, could lead to regulatory action and damage reputation.
The company may be unable to comply with food safety laws and other applicable regulations, which could adversely affect business.

How to check Milky Mist Dairy Food IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Milky Mist Dairy Food Limited, the registrar is KFin Technologies Limited — allotment is finalised in the days between the issue closing on 13 Aug 2026 and listing on 18 Aug 2026.

RegistrarKFin Technologies Limited
You will needPAN, application number or demat ID
Issue closes13 Aug 2026
Listing date18 Aug 2026
Issue opens
Tue, 11 Aug, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Thu, 13 Aug, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Fri, 14 Aug, 2026
By KFin Technologies; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Mon, 17 Aug, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Tue, 18 Aug, 2026
NSE · trading from 10:00 am IST

Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.

The registrar publishes allotment on its own portal: KFintech. Your bank will also show the blocked amount released if shares were not allotted.

Milky Mist Dairy Food IPO Price Band & Lot Size FAQs

What is the price band of Milky Mist Dairy Food IPO?

The Milky Mist Dairy Food Limited IPO price band is ₹140 to ₹140 per share. Applications are made at the cut-off price, which is the upper end of the band.

What is the lot size of Milky Mist Dairy Food IPO?

One lot is 107 shares, so a single application at the ₹140 cut-off costs ₹14,980. Retail investors can apply for up to 13 lots within the ₹2,00,000 retail limit.

What is the minimum investment in Milky Mist Dairy Food IPO?

₹14,980 — one lot of 107 shares at ₹140. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Is Milky Mist Dairy Food IPO a mainboard or SME issue, and on which exchange?

Milky Mist Dairy Food Limited is a mainboard issue listing on NSE. The lead manager is JM Financial Limited.

What is the issue size of Milky Mist Dairy Food IPO?

The issue size is ₹1,634.96 crore, of which ₹1,428 crore is a fresh issue and ₹125 crore an offer for sale by existing shareholders.

Milky Mist Dairy Food IPO Registrar where allotment and refund queries go

RegistrarKFin Technologies Limited

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the Milky Mist Dairy Food IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (13 Aug 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, KFin Technologies Limited, not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹20 on a ₹140 upper band means the grey market is dealing at ₹160.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.