Milky Mist set to launch India's biggest dairy IPO in early August

Synopsis

Milky Mist Dairy Food plans its initial public offering for early August. This upcoming IPO is anticipated to be the largest by an Indian dairy company. The company secured ₹482 crore in pre-IPO funding from Jongsong Investments. This investment valued Milky Mist at approximately ₹9,300 crore based on share price. The market debut follows a significant pre-IPO funding round this May.

Listen to this article in summarized format

The company's market debut comes after it raised ₹482 crore in a pre-IPO funding round in May this year from Jongsong Investments, an indirect wholly-owned arm of Temasek Holdings. Based on the pre-IPO investment price of ₹139.76 per share, Milky Mist was valued at around ₹9,300 crore.

New Delhi: Milky Mist Dairy Food is expected to launch its IPO in the first week of August, people familiar with the development said. It is likely to be the largest by an Indian dairy. The company's market debut comes after it raised ₹482 crore in a pre-IPO funding round in May this year from Jongsong Investments, an indirect wholly-owned arm of Temasek Holdings. Based on the pre-IPO investment price of ₹139.76 per share, Milky Mist was valued at around ₹9,300 crore.

Also Read: Can Lohia Corp IPO deliver long-term growth for high risk investors?

...moreless

...moreless