Liquidity Events
Dairy player Milky Mist to file updated draft prospectus for IPO
Erode, Tamil Nadu-based Milky Mist Dairy Foods is updating its financial books with figures for the fiscal year 2025-26. The company intends to file an updated draft red herring prospectus (UDRHP). This follows the firm's recent receipt of capital totalling Rs.482-Cr from Temasek in a pre-IPO round.Founded in the 1990s by T. Sathish Kumar, the firm produces a range of dairy products, including paneer, Greek yoghurt, and high-protein variants of staple items. The company plans to use the funds and proceed with the public offering to support growth.In October 2025, the company received approval from the Securities and Exchange Board of India (Sebi) for an IPO of Rs.2,035-Cr, consisting of a fresh issue of Rs.1,785-Cr and an offer for sale of Rs.250-Cr by promoter shareholders.The firm currently operates in the health and protein category and maintains a distribution network of over 3,100 distributors and more than 3,50,000 retail touchpoints. It processes 1.5 million litres of milk daily, sourced from 75,000 to 77,000 farmers across Tamil Nadu, Karnataka, and Maharashtra.
Between Aug 2020 and May 2026, Milky Mist had attracted about USD 53.38 M from Anicut Capital, Kris Gopalakrishnan and Temasek.For FY25, Milky Mist had reported about INR 2,328.34 Cr in Operating Income and about INR 43.76 Cr in PAT.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
