Milky Mist targets ₹2,035-crore IPO by July-end, India's largest dairy listing
Tamil Nadu dairy brand Milky Mist plans a ₹2,035-crore IPO comprising a ₹1,785-crore fresh issue and ₹250-crore OFS, alongside a ₹357-crore pre-IPO placement. Proceeds target manufacturing capacity expansion and debt repayment, pitting it against listed peers Hatsun, Dodla and Parag Milk Foods.
Tamil Nadu dairy brand Milky Mist plans India's largest dairy-sector IPO worth ₹2,035 crore by July-end, comprising fresh issue and OFS, to expand manufacturing capacity and repay debt.
Why this matters
Milky Mist's IPO follows its ₹480-crore capacity build-out and farm-to-fork cold chain scale-up from Erode, positioning it against listed dairy peers with a paneer-led brand play.
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