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Milky Mist Dairy Food IPO Review

Milky Mist Dairy Food IPO has been reviewed by 13 analysts, and the overall consensus is Strong Apply — carrying a score of 93. Out of the 13 analysts who have covered this IPO, 10 recommend subscribing while 3 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹133-140 per share, with a minimum application size of 107 shares (minimum investment of approximately ₹14,980 at the upper band). Subscription ran from 11 Aug 2026 to 13 Aug 2026. The issue size is ₹1,553 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for Milky Mist Dairy Food IPO is quoting at ₹19.7 (14.07%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
93/ 100
Strong Apply 10 of 13 recommend subscribing
How analysts voted
Apply 10
May apply 3
Not rated 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Milky Mist is a dairy products company that has scaled rapidly, with FY26 income of ₹3,145.01 crore and profit jumping from ₹46.07 crore to ₹127.01 crore. EBITDA reached ₹435.22 crore. Of the five analysts covering it, four said subscribe and one advised caution, so the view was positive but not unanimous.

Listing gains

The notes value the issue at around 71.1 times FY26 earnings, which is a demanding multiple in absolute terms. Analysts justify it on the company's leadership position and growth rate rather than on comparison with peers. The high multiple is precisely what drove the one cautious rating, pointing to a moderate listing.

Short-term strategy

Profit nearly tripled in FY26 and revenue grew about 34 percent, which is the strongest argument in the notes. Fresh money funds deployment of visi coolers and ice cream freezers, expanding reach. Against this, contingent liabilities stood at ₹229 crore as of March 2026, which analysts flag as a near-term watch item.

Long-term strategy

The positive notes recommend a medium to long-term horizon, resting on brand strength and sustained growth in packaged dairy. The concentration risk they highlight is procurement: the company depends heavily on Tamil Nadu for raw milk, so any disruption in that single sourcing region would directly affect supply, cost and long-term growth.

How this is written: an AI-assisted summary of the 14 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

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Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Milky Mist Dairy Food IPO?

The analyst consensus for Milky Mist Dairy Food IPO tracked on this page is Strong Apply, with a score of 93/100. Out of 13 analysts who have reviewed this IPO, 10 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 93 mean for Milky Mist Dairy Food IPO?

The score of 93 is an aggregate of all analyst ratings tracked for Milky Mist Dairy Food IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Milky Mist Dairy Food IPO?

Milky Mist Dairy Food IPO listed on August 18, 2026 at ₹165, against the issue price of ₹140 — a gain of +17.86% (₹25 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Milky Mist Dairy Food IPO?

Milky Mist Dairy Food IPO was priced at ₹133-140 per share. The minimum lot size is 107 shares, making the minimum investment approximately ₹14,980 at the upper end of the price band. Subscription ran from 11 Aug 2026 to 13 Aug 2026.

Explore Milky Mist Dairy Food IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Milky Mist Dairy Food IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
93 / 100
Listed at
₹165
Full IPO details
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