Mithila Agrofoods Limited
Packaged Foods · Mainboard IPO
Last updated 2026-08-01 18:30 IST
Key details
- Price band
- Rs 188 – 198
- Face value
- Rs 5
- Lot size
- 75 shares
- Minimum investment
- Rs 14,850
- Issue size
- Rs 520 Cr
- Fresh issue
- Rs 380 Cr
- Offer for sale
- Rs 140 Cr
- Employee discount
- Rs 18 per share for eligible employees
- Retail quota
- 35% of the issue
- Registrar
- KFin Technologies Limited
- Exchanges
- BSE, NSE
- Opening date
- 27 Jul 2026
- Closing date
- 29 Jul 2026
- Allotment date
- 01 Aug 2026
- Listing date
- 04 Aug 2026
Explain this IPO simply
The same information as the prospectus, written the way you would explain it to a friend.
What the company does
Mithila Agrofoods processes rice, pulses and spices and sells them under two consumer brands through general trade and online marketplaces.
How it earns money
Sells packaged staples at a markup over raw material cost; branded packs earn more than bulk sales.
Why it is launching an IPO
Funds are for a new processing unit, working capital and repayment of a portion of borrowings.
Where the IPO money will be used
New processing unit (34%), Working capital (24%), Repayment of borrowings (12%), General corporate purposes (3%), Offer for sale to selling shareholders (27%).
Major strengths
Recognised regional brands, Growing online sales.
Major risks
Raw material prices fluctuate, Thin margins in staples.
Clarity score: 74 / 100
What this score means
Financial performance
Revenue moved from Rs 890 Cr in FY2023 to Rs 1,216 Cr in FY2025. Profit after tax over the same period moved from Rs 41 Cr to Rs 64 Cr. These are past figures only and are not a forecast.
Potential strengths
Recognised regional brands
Two brands hold established shelf presence in eastern India.
Source: RHP, Our Business, page 126
Growing online sales
Marketplace sales grew across the years disclosed.
Source: RHP, Management Discussion, page 240
Potential risks
Raw material prices fluctuate
Crop prices change with weather and government policy.
Source: RHP, Risk Factors, page 31
Thin margins in staples
Packaged staples are price sensitive, which limits pricing power.
Source: RHP, Risk Factors, page 33
Use of IPO funds
Money marked as going to selling shareholders does not reach the company.
Valuation
- 31.4
- 4.2
- Earnings per share
- 6.3
- Return on net worth
- 13.4%
- Net asset value
- 47.2
Peer comparison
| Company | P/E | RoNW |
|---|---|---|
| Annapurna Foods | 35.8 | 14.9% |
| Grainmark India | 27.4 | 11.2% |
Subscription status
- Day 1 total
- 1.68x
- Day 2 total
- 4.12x
- Latest total
- 8.60x
Updated 2026-07-29 17:00 IST
Grey market premium
Unofficial and unregulated
- Current GMP
- Rs 32
- Previous GMP
- Rs 35
- Indicative level only
- Rs 230
Updated 2026-08-01 18:30 IST. Source: unofficial dealer chatter, not an exchange or regulator.
Important documents
IPO timeline
IPO opens
27 Jul 2026
First day you can apply.
IPO closes
29 Jul 2026
Last day to apply, usually by evening.
Allotment
01 Aug 2026
Who gets shares is decided.
Refund / unblock
03 Aug 2026
Blocked money is released if you did not get shares.
Shares in demat
03 Aug 2026
Allotted shares reach your demat account.
Listing day
04 Aug 2026
Shares start trading on the exchange.
Frequently asked questions
Where this information comes from
- Last updated
- 2026-08-01 18:30 IST
- Last verified
- 2026-08-01
- Primary source
- RHP filed with SEBI
- Secondary source
- Registrar allotment page