Overview

• The draft red herring prospectus details a fresh equity issue of up to ₹1,785 crore and a ₹250 crore offer-for-sale by promoters
• The company plans to allocate ₹750 crore to debt repayment, ₹414.7 crore to upgrade its Perundurai facility, and ₹129.4 crore for deploying visi coolers, with the remainder for corporate purposes
• Milky Mist is evaluating a pre-IPO placement of up to ₹357 crore as it awaits SEBI clearance and prepares for listing under public-company norms
• The dairy processor doubled its net profit to ₹46 crore in FY25 and lifted revenue by 29% to ₹2,349.5 crore on the back of value-added products
• More than 85% of revenue comes from South India, driving plans to establish distribution hubs in Delhi, Mumbai and Kolkata and to retain promoter-family majority under tighter governance norms