Milky Mist targets ₹1,553 crore IPO to fund plant expansion and cold-chain rollout
The value-added dairy brand’s IPO opens 11 August, with proceeds earmarked for debt repayment, Perundurai manufacturing modernisation and cooler/freezer deployment. The issue is ₹482 crore smaller than its earlier proposed size.
Tamil Nadu value-added dairy brand Milky Mist will launch a ₹1,553-crore IPO on 11 August, using proceeds for debt reduction, Perundurai plant expansion and cold-display deployment. The Temasek-backed company reported FY26 revenue of ₹3,138.4 crore and ₹127 crore profit.
Why this matters
The IPO follows recent signals that Milky Mist raised ₹482 crore pre-IPO, targeted an early-August launch and planned India’s largest dairy-sector listing.
Retail-company signals are accelerating, up 207629% QoQ.