Archive · 6 Aug 2026
Milky Mist to launch ₹1,553-crore IPO on August 11
A company called Milky Mist makes dairy products like paneer, cheese, curd, and ice cream in Tamil Nadu, India.
It wants to grow bigger, so it is selling shares to the public for the first time — this is called an IPO.
People can buy shares from August 11 to August 13, and each share will cost between 133 and 140 rupees.
The share sale is worth about ₹1,553 crore, which is a very large amount of money.
Before the sale, the company raised money from big investors, which is why it made its IPO a bit smaller than first planned.
The articles disagree on how much money was raised before the sale — one says ₹357 crore and the other says ₹482 crore.
Milky Mist earned much more money last year than in the year before.
It will use the money from the sale to pay off loans and build a bigger factory making new products like yogurt and cream cheese.
The company's shares should start trading on the stock exchanges around August 18.
Milky Mist Dairy Food will launch its ₹1,553-crore IPO on 11 August, with a price band of ₹133–140 per share.
The offer, open for subscription from 11 to 13 August, comprises a fresh issue of up to ₹1,428 crore and an offer for sale of ₹125 crore by promoters Sathishkumar T and Anitha S.
The issue was cut by ₹482 crore from the ₹2,035 crore planned in the draft prospectus, after a pre-IPO round that the articles size differently (₹357 crore vs ₹482 crore).
For FY26, Milky Mist's net profit jumped 176% year-on-year to ₹127 crore and revenue rose 33.6% to ₹3,138.4 crore.
Proceeds will repay ₹496.8 crore of borrowings and fund ₹469.2 crore of expansion at the Perundurai facility, with shares expected to list on the BSE and NSE on 18 August.
- Who
- Milky Mist Dairy Food, a value-added dairy products manufacturer based in Tamil Nadu; promoters Sathishkumar T and Anitha S, who are selling shares in the offer for sale; Jongsong Investments, a Temasek Holdings subsidiary, which invested in the pre-IPO round; and book-running lead managers JM Financial, Axis Capital and IIFL Capital Services.
- What
- The launch of Milky Mist's ₹1,553-crore initial public offering (IPO) with a price band of ₹133–140 per share, reduced from the ₹2,035 crore planned in the draft red herring prospectus.
- When
- The one-day anchor book opens on 10 August; subscription runs 11–13 August; allotment is expected to be finalised on 14 August and shares are likely to list on 18 August.
- Where
- India — the company was founded in Erode, Tamil Nadu, and operates a manufacturing facility at Perundurai; its shares are expected to list on the BSE and NSE.
- Why
- To raise capital to repay borrowings (₹496.8 crore), expand and modernise the Perundurai manufacturing facility including new whey protein concentrate, yogurt and cream cheese plants (₹469.2 crore), and develop cold-chain infrastructure with visi coolers, ice cream freezers and chocolate coolers (₹155.3 crore).
- IPO size
- ₹1,553 crore
- Price band
- ₹133–140 per share
- Issue structure
- Fresh issue up to ₹1,428 crore; offer for sale of ₹125 crore
- Subscription window
- 11–13 August (anchor book on 10 August)
- Expected listing
- 18 August on BSE and NSE
- Estimated post-issue valuation
- ₹10,310–10,778 crore
- Issue reservation
- 50% QIB, 15% non-institutional, 35% retail
- FY26 performance
- Net profit ₹127 crore (up 176%); revenue ₹3,138.4 crore (up 33.6%)
