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Learn about Milky Mist’s Draft Red Herring Prospectus (DRHP) filing, business operations, financial context, and the proposed utilisation of funds as outlined in public disclosures.
Milky Mist, a premium dairy and milk products company, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) as part of its plan to raise capital through an initial public offering. The DRHP outlines the company’s business profile, operational strengths, financial performance, and the broad structure of the proposed public issue.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
Milky Mist filed its Draft Red Herring Prospectus with SEBI in July 2025, formally initiating its IPO process. The filing is currently under regulatory review, following which SEBI observations and approvals will determine the next stages, including the publication of the Red Herring Prospectus (RHP) and announcement of issue dates.
The equity shares are proposed to be listed on recognised stock exchanges in India, subject to regulatory clearances.
As per the DRHP, the proposed IPO is expected to comprise the following components:
| Particulars | Details |
|---|---|
Issue Type |
Fresh Issue of Equity Shares and Offer for Sale (OFS) |
Face Value |
To be disclosed in RHP |
Issue Size |
To be announced (finalised post price discovery) |
Proposed Listing |
NSE and BSE |
Price Band |
To be announced in RHP |
Issue Mode |
Book Building |
SEBI Filing Date |
July 2025 |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
Milky Mist operates in the dairy and milk processing sector, manufacturing and distributing a wide range of milk and value-added dairy products across India. The company’s product portfolio includes:
Pasteurised milk
Flavoured milk and dairy beverages
Yogurt and curd
Paneer
Ghee
Other value-added dairy products
The company operates modern dairy processing facilities equipped with advanced milk collection, pasteurisation, packaging, and quality assurance technologies. Milky Mist sources raw milk through established farmer and cooperative networks and maintains cold-chain infrastructure to ensure product freshness and quality across distribution points.
Milky Mist’s operations comply with applicable food safety regulations, dairy standards, and quality management systems. Its market position is supported by brand recognition, processing capacity, distribution reach, and growing consumer demand for organised dairy products in India.
According to the DRHP, the proceeds from the fresh issue are proposed to be utilised towards the following broad objectives:
| Fund Allocation | Purpose |
|---|---|
Capital Expenditure |
Expansion and modernisation of dairy processing facilities, including pasteurisation, packaging, refrigeration, and quality testing infrastructure |
Cold Chain & Distribution |
Strengthening cold-chain logistics, regional distribution centres, and market reach |
Brand Building & Marketing |
Enhancing brand presence and consumer awareness |
Working Capital |
Supporting increased raw material procurement, inventory, and operational expenses |
Debt Repayment (Partial) |
Improving capital structure and reducing borrowing costs |
General Corporate Purposes |
Administrative and strategic operational requirements |
These objectives are aimed at strengthening the company’s operational capabilities and supporting long-term growth in India’s organised dairy sector.
The DRHP provides an overview of Milky Mist’s financial performance over recent periods, offering insight into its operational scale and profitability trends.
| Fiscal Year / Period | Revenue (₹ Cr) | EBITDA (₹ Cr) | PAT (₹ Cr) |
|---|---|---|---|
FY24 |
As per DRHP |
As per DRHP |
As per DRHP |
FY25 |
As per DRHP |
As per DRHP |
As per DRHP |
H1 FY26 |
As per DRHP |
As per DRHP |
As per DRHP |
*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.
The table below summarises the current status of the IPO process based on publicly available information:
| Milestone / Stage | Date (or Status) | Details |
|---|---|---|
DRHP filed with SEBI |
July 2025 |
Draft Red Herring Prospectus filed for regulatory review |
SEBI observations |
Awaited |
Subject to SEBI review and clarifications |
SEBI approval |
Awaited |
Approval valid for 12 months post grant |
Red Herring Prospectus (RHP) |
Awaited |
To be filed after SEBI observations |
IPO Opening Date |
To be announced |
Final dates to be disclosed post approval |
IPO Closing Date |
To be announced |
As per public RHP |
Allotment Date |
To be announced |
Post bidding completion |
Credit to DEMAT Accounts |
To be announced |
Post allotment finalisation |
Listing on NSE/BSE |
To be announced |
Subject to regulatory clearances |
Note: Investors should refer to official filings for final IPO dates to learn more about Milky Mist IPO listing details and price, and listing timelines.
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
Milky Mist Dairy Food Limited filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in July 2025, initiating the regulatory process for its proposed initial public offering (IPO) in the Indian market.
The Milky Mist IPO is presently at the Draft Red Herring Prospectus review stage, with SEBI’s observations and subsequent approval awaited before the company can proceed towards finalising the offer structure and launch timeline.
The Milky Mist IPO will include a combination of fresh equity share issuance and an offer for sale (OFS) by existing shareholders, with the final issue size and price band to be specified in the Red Herring Prospectus.
Upon receiving the necessary regulatory approvals, Milky Mist intends to list its equity shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) to enhance market visibility and investor access.
Milky Mist plans to utilise the proceeds from the fresh issue portion of the IPO for expanding its dairy processing capacity, strengthening cold-chain and distribution networks, brand development, working capital, debt repayment, and general corporate purposes.
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Posted on 19 Dec
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