Milky Mist sets ₹133–140 IPO price band for ₹1,553 crore issue
Temasek-backed dairy maker Milky Mist will open its IPO on August 11, with proceeds earmarked for debt repayment and expansion and modernisation of its Perundurai manufacturing facility. The issue is expected to list on August 18.
Tamil Nadu dairy maker Milky Mist set a ₹133-140 IPO price band for its ₹1,553 crore issue, opening August 11. Proceeds will repay debt and expand and modernise its Perundurai manufacturing facility; listing is expected August 18.
Why this matters
Milky Mist’s price-band announcement follows its recent decision to trim the IPO to ₹1,553 crore after a ₹482 crore Temasek-backed pre-IPO raise, setting the revised offer’s next milestones.
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