Milky Mist refreshes books with FY26 numbers, readies UDRHP for ₹2,035-cr IPO
Erode-based dairy major Milky Mist is updating financials with FY26 numbers before filing its UDRHP, CEO Rathnam said. The ₹2,035-cr issue (₹1,785-cr fresh, ₹250-cr OFS) follows a ₹357-cr Temasek pre-IPO round. A ₹1,130-cr Baramati plant, 350,000 retail touchpoints and 14-15% quick-commerce share anchor the high-protein dairy push.
What happened
Milky Mist is updating FY26 financials to file a UDRHP for its ₹2,035 crore IPO, having raised ₹357 crore from Temasek. It's building a ₹1,130 crore Baramati
Key facts
- ₹357 crore pre-IPO from Temasek
- ₹2,035 crore IPO
- ₹1,785 crore fresh issue
- ₹250 crore OFS
- ₹1,130 crore Baramati outlay
- 3,100 distributors
- 350,000 retail touchpoints
- 14-15% quick commerce share
- 1.5 million litres milk/day
- 75,000-77,000 farmers
- 100+ exclusive parlours
- 15+ export countries
Why this matters
A ₹2,035-cr raise heavily weighted to fresh issue (₹1,785 cr) telegraphs aggressive capacity and brand investment, making Milky Mist a category consolidator to watch in South India dairy and adjacent protein plays.