Milky Mist targets ₹1,553 crore IPO to cut debt and expand Perundurai plant
Tamil Nadu dairy brand Milky Mist plans to open its IPO on August 11 at ₹133–₹140 per share. The ₹1,553 crore issue includes a ₹1,428 crore fresh issue, with ₹496.8 crore earmarked for debt repayment and funds also directed to expanding its Perundurai manufacturing facility.
Tamil Nadu dairy brand Milky Mist will open its Rs 1,553 crore IPO on August 11 at Rs 133-Rs 140 per share. Proceeds will fund debt reduction and expansion of its Perundurai manufacturing facility.
Why this matters
The planned IPO follows Milky Mist setting a ₹133–₹140 price band and trimming the issue to ₹1,553 crore after a ₹482 crore Temasek-backed pre-IPO raise.
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