- Milky Mist IPO is set to open on August 11.
- Part of the funds raised from the IPO will go towards closing its debts and the rest will be used for investments.
- The company plans to expand its cold-chain infrastructure by deploying visi coolers, ice cream freezers and chocolate coolers.
- Milky Mist has reserved 50% of the offer for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.
Milky Mist Dairy Food Ltd is gearing up for its initial public offering (IPO) with a price band set at ₹133-140 per share, aiming to raise ₹1,553 crore. The IPO opens for subscription on August 11 and includes a fresh issue of equity shares worth ₹1,428 crore and an Offer For Sale (OFS) of ₹125 crore.1
According to K. Rathnam, the Chief Executive Officer, the funds raised will primarily be allocated to closing debts and investing in cold-chain infrastructure. This includes the deployment of visi coolers, ice cream freezers, and chocolate coolers to enhance operational efficiency.3
The company, which has seen a 30% topline growth over the past three to four years, reported a turnover of ₹3,200 crore in FY26. Notably, Temasek, a Singapore sovereign fund, invested ₹482 crore in Milky Mist earlier this year, acquiring a 5% stake in the 27-year-old company.
The IPO structure reserves 50% for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors, reflecting a strategic approach to attract diverse investment sources.4
“CEO K. Rathnam said funds will also support investments, while the company reserves 50% of the offer for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors. Sub-brands include Capella, Asal, Smartchef, and Briyas.”
