Milky Mist targets ₹1,553 crore IPO to expand cold chain and value-added dairy
Milky Mist plans to use IPO proceeds for debt repayment, Perundurai plant expansion and cooler/freezer deployment. Paneer contributed 29.42% of FY26 revenue, underscoring the brand’s push to scale premium value-added dairy beyond its South India base.
Tamil Nadu dairy brand Milky Mist plans a ₹1,553-crore IPO to scale value-added products, repay debt, modernize its Perundurai plant and deploy coolers. Paneer contributes 29.42% of FY26 revenue, while South India accounts for 69.23%.
Why this matters
The planned issue extends Milky Mist’s recent IPO preparations, following reports of a ₹482 crore Temasek-led pre-IPO raise and an early- to mid-August launch target.
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