Milky Mist Dairy Foods IPO Opens August 11: Issue Size, Key Dates & IPO Details

Mumbai | August 5, 2026 

Milky Mist Dairy Foods will open its ₹1,553 crore initial public offering (IPO) for subscription on August 11, 2026. The public issue comprises a fresh issue of ₹1,428 crore and an offer for sale (OFS) of ₹125 crore by existing shareholders.

Backed by Temasek affiliate Jongsong Investments, the IPO will remain open until August 13. The basis of allotment is expected on August 14, while the shares are tentatively scheduled to list on the stock exchanges on August 18, 2026.

Milky Mist Dairy Foods IPO Details 

IPO Structure 

The Milky Mist Dairy Foods IPO consists of a fresh issue of ₹1,428 crore and an offer for sale of ₹125 crore by existing shareholders. The company has reduced the overall issue size from the earlier proposed ₹2,035 crore, while the fresh issue has been revised from ₹1,785 crore to ₹1,428 crore. 

Ahead of the IPO, the company also raised ₹357 crore through a pre-IPO private placement comprising equity shares and compulsorily convertible preference shares (CCPS). 

About Milky Mist Dairy Foods

Milky Mist Dairy Foods is one of India’s leading dairy product manufacturers, offering a range of value-added dairy products under the Milky Mist brand and sub-brands including SmartChef, Capella and Misty Lite. The company operates its manufacturing facility at Perundurai, Tamil Nadu, and is among the country’s leading organised packaged paneer manufacturers. 

Objects of the Issue

The company proposes to utilise the net proceeds from the fresh issue towards: 

• Repayment of certain borrowings amounting to ₹496.8 crore.  

• Investment in a new manufacturing facility at Perundurai, Tamil Nadu.  

• Purchase of VISI coolers, ice cream freezers and chocolate coolers worth ₹155.3 crore. 

Milky Mist Dairy Foods Financial Highlights

Milky Mist witnessed a significant upsurge in revenues and profits during the fiscal year ending March 2026. 

The company reported strong financial growth during FY26, with revenue increasing 33.6% year-on-year and profit after tax rising 176%, supported by higher demand for its dairy products and improved manufacturing capabilities.  

Milky Mist Dairy Foods IPO Timeline 

Note: The above dates are tentative and subject to change. 

Outlook

The Milky Mist Dairy Foods IPO will open for subscription on August 11 and close on August 13, 2026. The basis of allotment is expected on August 14, while the company’s shares are tentatively scheduled to list on the stock exchanges on August 18, 2026. 

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