Chance to invest in one of India’s largest paneer companies:Milky Mist Dairy Food IPO hits the floor at ₹133 to ₹140 per share subscription price

Milky Mist Dairy Food Limited opened its ₹1,553 crore Initial Public Offering (IPO) on August 11, 2026, giving retail and institutional investors an opportunity to buy shares in the popular dairy brand. Key IPO Details ‘Investorgain’ reported Milky Mist Dairy Food IPO’s last GMP at ₹21. With the upper price band of ₹140.00, Investorgain estimates the listing price at ₹161 with an expected percentage gain per share of 15.00% Important Dates: IPO Opens: August 11, 2026 IPO Closes: August 13, 2026 Share Allotment Date: August 14, 2026 Listing Date: August 18, 2026 How the company intends to use funds raised? The funds raised through the fresh issue of shares will be spent on three key growth areas: Paying Off Debt: Repaying existing bank loans to lower high interest expenses. Factory Expansion: Upgrading and expanding the main manufacturing plant in Perundurai, Tamil Nadu. New Equipment: Purchasing display coolers, ice cream freezers, and store units to increase sales reach. Company Growth and Financials Based in Tamil Nadu, Milky Mist makes popular food items like paneer, curd, cheese, ghee, and ice cream. It is one of India’s largest paneer-making companies. Milky Mist has grown at a healthier rate due to strong sales of value-added milk products. However, investors should note that the company sources most of its raw milk from Tamil Nadu, meaning regional events could affect production. The IPO is also priced at a relatively high valuation compared to its current earnings.