Milky Mist Plans $213 Million IPO, India's Largest Dairy-Sector Listing
Tamil Nadu dairy company Milky Mist aims to launch a 20.35 billion rupee IPO by late July or early August, combining a fresh issue up to 17.85 billion rupees with a 2.5 billion rupee OFS and pre-IPO placement. Proceeds target manufacturing capacity expansion and debt repayment.
Tamil Nadu dairy company Milky Mist plans to launch India's largest dairy-sector IPO worth $213 million by end-July/early August, using proceeds to expand manufacturing capacity and repay debt.