Milky Mist Dairy Food IPO GMP Today

Milky Mist Dairy Food Limited is a dairy and packaged food company focused on value-added dairy products. Its product portfolio includes paneer, cheese, curd, butter, ghee, yoghurt, ice cream, UHT long-shelf-life products, sweetened condensed milk and other packaged foods, including frozen, ready-to-eat and ready-to-cook products and chocolates. The company sells its products under brands including Milky Mist, SmartChef, Capella, Misty Lite, Briyas and Asal. It sources raw milk directly from farmers across Tamil Nadu, Andhra Pradesh, Karnataka and Maharashtra through automated milk collection units and chilling centres. As of March 31, 2026, it had 3,907 automated milk collection units and 29 chilling centres. The company operates one manufacturing facility in Perundurai, Erode District, Tamil Nadu, with an installed paneer capacity of 192 metric tonnes per day. Its products are sold through general trade, modern trade, HoReCa, online platforms, and exclusive parlours across 22 states and five Union Territories in India. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes:​ Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company — Rs 496.86 crore Financing the capital expenditure requirements in relation to the expansion and modernisation of the Perundurai manufacturing Facility — Rs 469.24 crore Deployment of visi coolers, ice cream freezers, and chocolate coolers — Rs 155.31 crore