Milky Mist IPO Upcoming

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To be announced
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About Milky Mist

Milky Mist, founded by T. Sathish Kumar in 1985, is a prominent dairy company based in Erode. Known for its wide range of dairy and value-added products, Milky Mist offers innovative solutions for personal and commercial use. The company operates with a focus on expanding presence outside South India to become a leading differentiated dairy major.

Milky Mist Valuation

Milky Mist is planning a ₹2,000 crore IPO with a valuation of ₹20,000 crore, aiming for a public listing by the end of 2025. The IPO is managed by JM Financial and IIFL Capital Services. The company has seen exponential growth, with its valuation nearly tripling since 2023.

Operations & Performance of Milky Mist

In FY24, Milky Mist reported revenues of ₹1,950 crore and a profit of ₹50 crore. The company has expanded its product range to include items such as ice creams, chocolates, and Greek yogurt. Despite market challenges, Milky Mist maintains a strong financial performance and plans to use IPO proceeds for debt repayment and nationwide expansion.

Future Plans of Milky Mist

Milky Mist’s focus is on achieving high-quality production through automation and increasing volumes. With a well-diversified product range and over 60% of products as everyday essentials, the company aims to grow sustainably. Milky Mist’s robust financials and aggressive expansion strategy make its IPO one of the most anticipated in the Indian dairy sector.

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