Milky Mist sets Rs 1,553 crore IPO price band

The Story in Brief

Milky Mist Dairy Food has set a price band of Rs 133 to Rs 140 per share for its Rs 1,553 crore initial public offering, which opens on August 11. The Erode-based company will raise up to Rs 1,428 crore through fresh shares, while an offer for sale will account for Rs 125 crore.

The Hindu reports that CEO K. Rathnam said part of the proceeds will repay debt, with the rest funding investments, cold-chain expansion and general corporate needs. The company reported Rs 3,200 crore turnover in FY26. Temasek invested Rs 482 crore in May for a 5% stake. Institutional investors have been allocated 50% of the issue, non-institutional investors 15% and retail buyers 35%.

The Indian Opinion

The easy story is that a fast-growing dairy brand automatically makes a good IPO. That is too simple. Milky Mist has reported 30% top-line growth over three to four years, but investors still need to examine debt, margins and how much money reaches expansion rather than repayment. The Temasek investment offers context, not a guarantee. The useful test will be subscription quality across investor categories and the company’s reported debt after the issue.

Source: thehindu.com

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