Milky Mist launches IPO on August 11 to raise ₹1,553cr
Business
Milky Mist, the Erode-based dairy brand behind your favorite paneer and ice creams, is launching its IPO on August 11.
It's looking to raise ₹1,553 crore by offering shares priced between ₹133 and ₹140 each.
Milky Mist reports ₹3,200cr FY26 revenue
Milky Mist has been around for 27 years and just hit revenue of ₹3,200 crore in FY26, growing at a solid 30% topline growth in the last three to four years.
Big investors like Temasek (Singapore's sovereign fund) recently bought in too.
CEO K Rathnam says the money raised will help pay down debt and fund new projects (like a plant in Maharashtra and expanding its cold chain network).