The Rs 1,553-crore IPO was priced at Rs 140 per share and comprised a contemporary problem of 10.20 crore shares price Rs 1,428 crore and a suggestion on the market (OFS) of 89 lakh shares valued at Rs 125 crore.
The general public problem, which was open for subscription from August 11 to August 13, obtained an amazing response from traders and was subscribed 56.12 instances total. The retail portion was subscribed 8.41 instances, whereas demand from certified institutional patrons (QIBs) was notably sturdy at 155.83 instances. The non-institutional traders (NIIs) class was subscribed 34.91 instances.
Investor curiosity was additionally evident forward of the IPO, with Milky Mist Dairy Meals elevating Rs 465.29 crore from anchor traders. The corporate allotted 3.32 crore fairness shares to 19 traders on the higher worth band of Rs 140 per share.
The IPO carried a worth band of Rs 133–140 per share, with so much measurement of 107 shares.
JM Financial Ltd. was the book-running lead supervisor for the difficulty, whereas Kfin Technologies Ltd. served because the registrar.
Objects of the Difficulty
Milky Mist Dairy Meals Ltd. plans to deploy the online proceeds from its IPO primarily in the direction of strengthening its steadiness sheet and funding growth. Of the full estimated Rs 1,121.41 crore, the corporate proposes to make use of Rs 496.86 crore to repay or prepay sure excellent borrowings, whereas one other Rs 469.24 crore will go in the direction of capital expenditure for the growth and modernisation of its Perundurai manufacturing facility.The corporate additionally plans to take a position Rs 155.31 crore in deploying visi coolers, ice cream freezers and chocolate coolers, geared toward strengthening its distribution and market presence. The remaining proceeds can be utilised for basic company functions, with the general deployment reflecting a concentrate on deleveraging, increasing manufacturing capabilities and enhancing its market attain.
Milky Mist Dairy Meals Monetary Efficiency
Milky Mist Dairy Meals reported a powerful enchancment in its monetary efficiency in FY26. Complete revenue rose 34% year-on-year to Rs 3,145.01 crore, in contrast with Rs 2,354.79 crore in FY25. The corporate’s profitability additionally noticed a pointy enchancment. Revenue after tax (PAT) jumped 176% to Rs 127.01 crore in FY26, from Rs 46.07 crore within the earlier monetary 12 months.
About Milky Mist Dairy Meals
Included in July 2014, Milky Mist Dairy Meals is a fast-growing Indian packaged meals firm centered on premium and value-added dairy merchandise. Its portfolio spans cheese, paneer, butter, curd, ghee, yogurt, ice cream, UHT merchandise, frozen meals, ready-to-eat (RTE), ready-to-cook (RTC) meals and sweets.
These merchandise are offered underneath its flagship Milky Mist model in addition to sub-brands together with SmartChef, Capella, Misty Lite, Briyas and Asal. The corporate follows an built-in farm-to-consumer mannequin, sourcing milk immediately from farmers and processing it by way of automated manufacturing services. Its operations are supported by an in-house cold-chain logistics community and a multi-channel distribution system, enabling it to serve clients throughout India.
Milky Mist has additionally invested in technology-driven manufacturing, product innovation and sustainable manufacturing practices. The corporate has a workforce of 1,317 everlasting workers throughout manufacturing, gross sales and advertising, high quality management and milk assortment operations.
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