Milky Mist refreshes FY26 books to file UDRHP for ₹2,035-crore IPO
Tamil Nadu dairy major Milky Mist will file an updated DRHP after closing FY26, backing a ₹1,785-crore fresh issue and ₹250-crore OFS. Temasek has put in ₹357 crore pre-IPO. Capacity scales via a ₹1,130-crore Baramati plant, with reach across 3,100 distributors and 3.5 lakh retail touchpoints.
What happened
Milky Mist is updating FY26 books to file UDRHP for its ₹2,035 crore IPO, having raised ₹357 crore pre-IPO from Temasek. It is 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 facility
- 3,100 distributors
- 350,000 retail touchpoints
- 14-15% quick commerce
- 1.5 million litres/day
- 75,000-77,000 farmers
- 100+ exclusive parlours
- 15+ export countries
Why this matters
The ₹1,130-crore Baramati plant pivots Milky Mist beyond Tamil Nadu into western India, opening M&A optionality in regional dairy brands and cold-chain logistics tuck-ins post-listing.