Milky Mist IPO GMP Today, Price & Details
Milky Mist IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Milky Mist
Milky Mist is poised to enter the public markets, bringing its significant presence in the dairy sector to a wider investor base. Operating within a highly competitive and essential segment of the Indian economy, the company has established a notable scale of operations. Its business model likely revolves around the processing and distribution of a diverse range of dairy products, catering to both household consumption and potentially institutional buyers. The company's journey to this IPO signifies a crucial phase of growth and expansion, aiming to leverage capital for further development and market penetration.
Financially, Milky Mist has demonstrated considerable revenue generation, with reported revenues standing at ₹2349.5 Cr. The company's Profit After Tax (PAT) is recorded at ₹46.07 Cr, indicating its ability to convert sales into profits. The IPO itself is structured as a substantial offering, with a total issue size of ₹2035 Cr. This includes a significant fresh issue component of ₹1785 Cr, which will directly infuse capital into the company, alongside an Offer for Sale (OFS) of ₹250 Cr, allowing existing stakeholders to partially divest their holdings.
The dairy industry is characterized by strong consumer demand and a fragmented market, where established players like Milky Mist can leverage their brand equity and distribution networks. The IPO proceeds are earmarked for strategic growth initiatives, which could include capacity expansion, backward integration, or strengthening its market reach. The company's competitive positioning will be tested as it aims to capitalize on the burgeoning demand for quality dairy products in India, a market that continues to evolve with changing consumer preferences and increasing awareness about health and nutrition.
Milky Mist IPO — Investment Analysis
The valuation of Milky Mist's IPO presents an interesting proposition, especially when looking at its reported Earnings Per Share (EPS) of ₹8211 and a Price to Earnings (P/E) ratio of a mere 0.02x. This P/E ratio, as provided, appears extraordinarily low and might require further clarification or context, as it deviates significantly from typical industry benchmarks. If the EPS figure is accurate as stated, it suggests the market is valuing the company at a very small fraction of its earnings, which is unusual. The price band of ₹133 to ₹140 per share needs to be evaluated against this reported EPS and P/E, and investors should scrutinize the basis of these figures to understand the true valuation.
In terms of financial health, Milky Mist has achieved impressive revenue figures, reaching ₹2349.5 Cr. The company's PAT stands at ₹46.07 Cr. Its EBITDA margin is reported at a healthy 13.21%, indicating efficient operational management and cost control. Return on Net Worth (RONW) at 18.98% is quite robust, suggesting good profitability relative to shareholder equity. However, the Return on Capital Employed (ROCE) at 9.54% is somewhat moderate, which might suggest areas for improvement in how effectively capital is utilized across the business.
Looking at growth prospects, the Indian dairy market continues to offer significant potential driven by population growth and rising disposable incomes. Milky Mist's fresh issue of ₹1785 Cr is intended to fuel this growth, likely through expansion and modernization. However, the OFS component of ₹250 Cr means a portion of the proceeds will not directly benefit the company's expansion plans. Key risks include intense competition within the dairy sector, potential volatility in raw material prices (milk), and the execution risk associated with deploying the fresh capital effectively. The company's ability to maintain its margins and adapt to evolving consumer tastes will be critical.
Subscription levels in the Qualified Institutional Buyers (QIB), High Net-worth Individuals (HNI), and Retail Individual Investor (RII) categories will be a crucial indicator of market sentiment. Strong subscriptions across all categories typically signal broad investor confidence in the company's prospects and the IPO's attractiveness. Conversely, lukewarm interest in certain segments might suggest underlying concerns. Investors should closely monitor these subscription figures as they can often provide a leading indicator of post-listing performance. Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
Milky Mist IPO — Pros & Cons
Strengths
- Milky Mist has reported significant revenue of ₹2349.5 Cr, demonstrating its substantial market presence. This scale is a testament to its operational capacity and established customer base.
- The company exhibits a strong Return on Net Worth (RONW) of 18.98%, indicating efficient utilization of shareholder funds to generate profits. This metric is attractive for investors seeking companies that can deliver consistent returns on equity.
- With an EBITDA margin of 13.21%, Milky Mist appears to have a good grip on its operational efficiencies and cost management. Healthy operating margins are a positive sign for sustained profitability.
- The IPO features a substantial fresh issue of ₹1785 Cr, which will directly bolster the company's balance sheet and fund its future growth initiatives. This infusion of capital can be a significant catalyst for expansion.
- The company operates in the essential dairy sector, which generally enjoys stable demand due to its nature as a staple food product. This inherent demand stability can provide a resilient revenue stream even during economic downturns.
Risks
- The reported P/E ratio of 0.02x, based on the provided EPS of ₹8211, appears exceptionally low and warrants further scrutiny to understand its basis and implications for valuation. Such an anomaly could suggest underlying issues or a misunderstanding of the data.
- While RONW is strong, the ROCE of 9.54% is comparatively moderate, suggesting that the company's overall capital deployment might not be as efficient as its equity generation. This could indicate room for improvement in asset utilization.
- The IPO includes an Offer for Sale (OFS) component of ₹250 Cr, meaning a portion of the funds raised will go to selling shareholders rather than directly into the company's growth initiatives. This reduces the capital available for expansion.
- The dairy sector is highly competitive and subject to price volatility of raw materials like milk, which can impact profit margins. The company's ability to manage these external factors is a key risk.
- The provided financial data, particularly the EPS and P/E ratio, seems unusual and may require further detailed examination to ensure accurate interpretation and avoid misinformed investment decisions. Anomalous figures can be red flags.
Milky Mist IPO Details
| Company Name | Milky Mist |
|---|---|
| IPO Type | MAINBOARD |
| Exchange | NSE |
| Price Band | ₹133 - ₹140 |
| Face Value | ₹2 per share |
| Lot Size | 107 shares |
| Min Investment | ₹14,980 |
| Total Issue Size | ₹2,035.00 Cr |
|---|---|
| Fresh Issue | ₹1,785.00 Cr |
| Offer for Sale | ₹250.00 Cr |
| Registrar | Kfin Technologies Ltd. |
| Lead Manager | JM Financial Ltd., Axis Capital Ltd., IIFL Capital Services Ltd. |
| IPO Status | Listed |
Milky Mist IPO Dates
Milky Mist IPO Subscription Status
Milky Mist IPO Listing Performance
Milky Mist IPO listed on NSE on 18 Aug 2026 at ₹165, a premium of 17.9% over the issue price of ₹140. Investors who received allotment made a profit of ₹2,675 per lot (107 shares) on listing day.
Milky Mist IPO — Key Highlights
- Milky Mist boasts impressive revenues of ₹2349.5 Cr, showcasing its significant scale in the Indian dairy market.
- The company demonstrates a strong Return on Net Worth (RONW) of 18.98%, indicating efficient profit generation from shareholder capital.
- An EBITDA margin of 13.21% highlights effective operational management and cost control within the company.
- The IPO includes a substantial fresh issue of ₹1785 Cr, which is dedicated to fueling the company's future expansion and growth plans.
- The price band for the IPO is set between ₹133 to ₹140 per share, with a lot size of 107 shares.
- The total issue size is a significant ₹2035 Cr, comprising both fresh issuance and an offer for sale.
Milky Mist Financial Performance
| Metric (₹ Cr) | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue | 1,394.18 | 1,821.61 | 2,349.50 |
| Expenses | 1,335.48 | 1,784.17 | 2,267.25 |
| Net Income (PAT) | 27.23 | 19.44 | 46.07 |
| Margin (%) | 1.95% | 1.07% | 1.96% |
Milky Mist IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹8,211.00 |
|---|---|
| P/E Ratio | 0.02x |
| NAV | ₹3.78 |
| Debt/Equity | 4.200 |
Return Metrics
| RONW (%) | 18.98% |
|---|---|
| ROCE (%) | 9.54% |
| EBITDA Margin | 13.21% |
Milky Mist IPO Reservation / Allocation
Milky Mist IPO Peer Comparison
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
|---|---|---|---|---|---|
| Milky Mist | – | 0.72 | 18.98 | 3.78 | 2,349.50 |
| Bikaji Foods | 91.56 | 8.02 | 14.52 | 55.22 | 2,621.85 |
| Britannia Industries | 65.05 | 90.45 | 50.02 | 180.83 | 17,942.67 |
Milky Mist IPO Lead Manager & Registrar
Book Running Lead Manager
JM Financial Ltd., Axis Capital Ltd., IIFL Capital Services Ltd.
IPO Registrar
Kfin Technologies Ltd.
Milky Mist IPO — Frequently Asked Questions
What is Milky Mist IPO GMP today?
As of today, the Grey Market Premium (GMP) for Milky Mist IPO is ₹18 per share, indicating a potential listing premium of 12.9% above the issue price of ₹140.
What is the price band and lot size of Milky Mist IPO?
Milky Mist IPO has a price band of ₹133 to ₹140 per equity share with a face value of ₹2. The minimum lot size is 107 shares, requiring a minimum investment of ₹14,980 at the upper band.
What are the important dates for Milky Mist IPO?
Milky Mist IPO opens for subscription on 11 Aug 2026 and closes on 13 Aug 2026. Allotment is expected on 14 Aug 2026. The shares are expected to list on NSE on 18 Aug 2026.
What is the investor category allocation in Milky Mist IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 0.00%, Non-Institutional Investors (NII/HNI): 0.00%, and Retail Individual Investors: 35.00%.
How can I apply for Milky Mist IPO?
You can apply for Milky Mist IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment. The registrar for this IPO is Kfin Technologies Ltd..
What is the subscription status of Milky Mist IPO?
Milky Mist IPO has been subscribed 164.03 times overall. Retail category: 8.86x, NII/HNI: 36.75x, QIB: 164.03x.
What is Milky Mist IPO price band and lot size?
The Milky Mist IPO is being offered at a price band of ₹133 to ₹140 per share. Each lot comprises 107 shares, meaning the minimum investment for a retail investor would be ₹14,980 (107 shares x ₹140). The face value per share is ₹2.
Is Milky Mist IPO worth investing in?
Milky Mist presents a compelling case with strong revenue of ₹2349.5 Cr and a healthy RONW of 18.98%. The EBITDA margin of 13.21% also points to good operational efficiency. However, the reported P/E of 0.02x based on an EPS of ₹8211 is exceptionally low and requires careful investigation.
Investors should weigh these financial strengths against potential risks, such as moderate ROCE of 9.54% and the inherent volatility of the dairy sector. The substantial fresh issue of ₹1785 Cr is a positive for growth, but the OFS of ₹250 Cr is a factor to consider. Investors should consult a SEBI-registered financial advisor before making investment decisions.
What is Milky Mist IPO GMP today?
Grey Market Premium (GMP) for IPOs is an unofficial indicator of demand, reflecting the price at which IPO shares are trading in the grey market before listing. While a positive GMP suggests strong investor interest and potential listing gains, it's crucial to remember that GMP is speculative and not a guaranteed outcome. Investors should not rely solely on GMP for their investment decisions, as it can be volatile and influenced by various market sentiments.
Any GMP figures should be cross-referenced with the company's fundamental analysis.
How to apply for Milky Mist IPO?
You can apply for the Milky Mist IPO through either the UPI (Unified Payments Interface) or ASBA (Application Supported by Blocked Amount) facility. Using the UPI method, you'll authorize the payment through your UPI app, while ASBA involves your bank blocking the application amount in your savings or current account. The IPO registrar, Kfin Technologies Ltd., will manage the allotment process.
Funds remain blocked in your account until the shares are allotted or the application is cancelled.