Milky Mist Dairy Food IPO
Milky Mist Dairy Food Limited (MILKYMIST) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 18 August 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +18.4% (likely range +14% to +36%), day's high +24.1%, chance of a gain 95%. Actual: +17.9% at the open, +29.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 2,33,23,308 | 3,63,45,17,685 | 156x | |
| NII (HNI) total | 1,74,92,481 | 61,07,43,267 | 34.9x | |
| Big NII (above ₹10 lakh) | 1,16,61,654 | 43,30,28,037 | 37.1x | |
| Small NII (₹2-10 lakh) | 58,30,827 | 17,77,15,230 | 30.5x | |
| Retail | 4,08,15,789 | 34,30,90,685 | 8.41x | |
| Employees | 1,66,666 | 20,71,199 | 12.4x | |
| Total | 8,17,98,244 | 4,59,04,22,836 | 56.1x |
Bids on NSE and BSE together, as published by NSE, as of 13 Aug 2026, 07:00 PM. Shares offered exclude the anchor portion. 6% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Milky Mist Dairy Food's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Jupiter Life Line HospitalsSep 2023 | 187x | 34.8x | 7.73x | 63.7x | ₹886 Cr | +32.4% | +50.9% |
| Vikram SolarAug 2025 | 143x | 50.9x | 7.65x | 54.6x | ₹2,137 Cr | +1.8% | +14.9% |
| Campus ActivewearApr 2022 | 152x | 22.3x | 7.68x | 51.8x | ₹1,400 Cr | +23.3% | +43.1% |
| Emcure PharmaceuticalsJul 2024 | 196x | 48.3x | 7.21x | 67.9x | ₹1,950 Cr | +31.4% | +37.4% |
| ASK AutomotiveNov 2023 | 142x | 35.5x | 5.70x | 51.1x | ₹834 Cr | +7.5% | +12.3% |
| SBFC FinanceAug 2023 | 193x | 49.1x | 11.0x | 70.2x | ₹1,082 Cr | +43.9% | +67.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| Axis Capital | 107 | +20.4% | 73% |
| IIFL Capital Services | 94 | +19.3% | 71% |
Offer documents (NSE)
Frequently asked
What is the Milky Mist Dairy Food IPO price band and lot size? ₹133–140 per share, with a lot of 107 shares, so the smallest retail bid is ₹14,980.
How many times has it been subscribed? 56.1x overall: QIB 156x, NII 34.9x, retail 8.41x, employees 12.4x.
How did it list? It opened at ₹165, +17.9% against the issue price of ₹140, and closed its first day +29.6%.
