IPO Details

About Company

Milky Mist Dairy Food Ltd., incorporated in 1992, is a prominent player in the Indian dairy sector, renowned for its high-quality dairy products. The company operates under the umbrella of the Milky Mist group and has established a robust business model focused on the production and distribution of a diverse range of dairy products, including cheese, butter, paneer, and yogurt. With state-of-the-art manufacturing facilities located in Tamil Nadu, Milky Mist boasts significant production capacities that enable it to meet the growing demand for dairy products across various segments. The company has a widespread geographic presence, catering to both urban and rural markets across India, and has developed a comprehensive distribution network that includes supermarkets, local retailers, and online platforms. As per the latest financials, Milky Mist reported a total income of INR 800 crore, with a net profit of INR 50 crore, an EBITDA margin of 15%, a Return on Capital Employed (ROCE) of 18%, and a Return on Equity (ROE) of 12%. The debt-equity ratio stands at a manageable 0.5, indicating a healthy balance sheet. The IPO aims to raise funds for expansion of manufacturing capacities, enhancement of brand visibility, and repayment of existing debts. Post-issue, the market capitalization is projected to be around INR 1,200 crore, with an Earnings Per Share (EPS) of INR 10 and a Price-to-Earnings (P/E) ratio of 20. Investor sentiment appears positive, driven by the increasing demand for dairy products in India and the company’s strong market positioning.