Milky Mist sets ₹1,553-crore IPO for Aug 11, funds dairy plant and cold-chain expansion
Milky Mist Dairy Food has fixed its IPO price band at ₹133-140 per share. The ₹1,428-crore fresh issue will be used to repay borrowings, modernise its Perundurai facility and expand cold-chain equipment for its value-added dairy portfolio.
Milky Mist set its ₹1,553-crore IPO price band at ₹133-140 per share, opening August 11. Fresh proceeds will repay borrowings, modernise its Perundurai dairy facility and expand cold-chain equipment for its value-added dairy portfolio.
Why this matters
The price-band announcement follows recent signals that Milky Mist is pursuing a ₹1,553-crore IPO to reduce debt, expand the Perundurai plant and build cold-chain capacity.
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