Milky Mist Dairy Food IPO Listing: Milky Mist Dairy Food made a strong debut on the stock market, giving investors an impressive return on the very first day.
The company’s shares were listed at ₹165 on the BSE, which was nearly 18% higher than the IPO price.
Soon after listing, heavy buying pushed the stock to its 10% upper circuit, taking the share price to ₹181.45. This means investors earned nearly 30% profit on listing day.
IPO Received Huge Investor Response
The IPO was open for subscription from August 11 to August 13. The company had fixed the IPO price at ₹140 per share, while the minimum lot size was 107 shares.
Retail investors needed to invest at least ₹14,980 to apply.
The company also offered its employees a ₹13 per share discount on the IPO price.
Subscribed 59 Times
The Milky Mist Dairy Food IPO attracted strong demand from all categories of investors. Overall, the issue was subscribed 59 times during the three-day bidding period.
Retail investors subscribed 8.86 times
Qualified Institutional Buyers (QIBs) subscribed 164.03 times
Non-Institutional Investors (NIIs) subscribed 36.75 times
Before the IPO opened to the public, the company had already raised ₹465.30 crore from anchor investors on August 10.
Company Profit Has Grown Sharply
Milky Mist Dairy Food is an FMCG company with a strong presence in South India. Over the past few years, its financial performance has improved significantly.
The company’s revenue increased from ₹1,826.86 crore in FY2024 to ₹3,145 crore in FY2026. During the same period, its net profit jumped from ₹19.44 crore to ₹127.01 crore, showing strong business growth.
How the IPO Money Will Be Used
The company plans to use the funds raised through the IPO for several key purposes.
₹496.86 crore will be used to repay existing debt.
₹469.24 crore will be invested in expanding the Perundurai manufacturing facility.
₹155.31 crore will be spent on developing Visi coolers, ice cream freezers, and chocolate coolers.
The remaining amount will be used for general corporate purposes.