Milky Mist targets early-August IPO with ₹1,553 crore issue after Temasek-led pre-IPO raise
Milky Mist plans to launch its IPO in early to mid-August, following a ₹482 crore pre-IPO placement. The remaining ₹1,553 crore issue will fund debt repayment and capacity additions at Perundurai, including whey protein concentrate, yogurt and cream cheese lines.
Milky Mist plans an early-to-mid-August IPO, with ₹1,553 crore remaining after a ₹482 crore Temasek-led pre-IPO raise. Fresh proceeds will repay debt and expand Perundurai capacity for whey protein concentrate, yogurt and cream cheese.
Why this matters
Milky Mist is advancing the ₹2,035-crore IPO first targeted for July-end, following its plans for a potential $213 million dairy-sector listing and expansion of its farm-to-fork cold chain.
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