Milky Mist Dairy Food IPO subscribed over 56 times, GMP hints 16% listing gain. Allotment date in focus

Milky Mist Dairy Food IPO: Bidding for the initial public offering (IPO) of Milky Mist Dairy Food Ltd ended today. The public issue received a strong response from the primary market investors and finished with a whopping number of applications. In three days of bidding from 11th to 13th August 2026, the Milky Mist Dairy Food IPO received a decent response from the primary market investors, as the Milky Mist Dairy Food IPO subscription status after day 3 of bidding stands at 56.12 times. The grey market is signalling a strong share listing, with the Milky Mist Dairy Food IPO GMP (Grey Market Premium) today at ₹22, reflecting a 16% premium over the upper price band of the Milky Mist Dairy Food IPO.

Milky Mist Dairy Food IPO allotment date

After the end of bidding, focus has shifted to the Milky Mist Dairy Food IPO allotment date, which is most likely on 14th August 2026, because, in the wake of the ‘T+3’ listing rule, a public issue has to list within the three trade days after the end of bidding. So, the most likely Milky Mist Dairy Food IPO listing date is 18 August 2026.

Milky Mist Dairy Food IPO GMP today

According to Investorgain, the company shares are available at a premium of ₹22 in the grey market today. This means the LEAP India IPO GMP (Grey Market Premium) today is ₹22, around 16% higher than the upper price band of the book-building issue.

Milky Mist Dairy Food IPO subscription status

By 5:00 PM on day 3, the public issue had been booked 56.12 times, the retail portion had been subscribed 8.40 times, whereas the NII segment had been filled 34.91 times. The QIB portion had been subscribed to 155.83 times.

Milky Mist Dairy Food IPO review

Anand Rathi has assigned an ‘apply’ tag to the public issue, saying, "Milky Mist Dairy Food Ltd, at an implied P/E of 84.9x on FY2026 earnings at the upper price band. Given its strong revenue growth, leadership in key value-added dairy categories and premium positioning, the company may command a valuation premium. However, the IPO valuation appears fully priced at the upper band and hence, we recommend a "Subscribe – Long Term" rating to the IPO."

Equivision has also assigned a ‘subscribe’ tag to the book-building issue, saying, “Milky Mist demonstrates strong financial performance, with FY26 revenue growing 33.58% and profit surging 175.66%, supported by improved operating leverage, cost efficiencies and 245.61 million of MAT credit recognition. The company has established strong market positions across key categories, including~19% share in packaged paneer, ~12% in South Indian cheese, ~13% in packaged yogurt and 35-40% in Greek yogurt. However, expanding into semi-urban and rural markets may be challenging due to competition, distribution and pricing pressures. The company is trading at a premium to its peers, which reflects its strong growth and market position. Going forward, continued revenue growth, better margins and successful execution will be important to justify the valuation.”

SMIF Securities and Sushil Financial Services have also assigned a ‘subscribe’ tag to the Milky Mist Dairy Food IPO.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.