Latest news with #MilkyMist
Mint
9 hours ago
- Business
- Mint
Upcoming IPO: Tamil Nadu-based Milky Mist Dairy files DRHP for ₹2,035 crore IPO
Upcoming IPO: Milky Mist Dairy Food submitted its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Monday, July 21, to raise up to ₹ 2,035 crore through an initial public offering (IPO). Milky Mist Dairy Food IPO will include a fresh equity issue of ₹ 1,785 crore and an offer for sale (OFS) worth ₹ 250 crore by the company's promoters. According to the DRHP, ₹ 750 crore from the fresh issue will be used to repay existing debt, while ₹ 414 crore will go towards expanding and upgrading the company's Perundurai manufacturing plant, including setting up facilities for whey protein concentrate, yoghurt, and cream cheese. An additional ₹ 129 crore is earmarked for the purchase of visi coolers, ice cream freezers, and chocolate coolers. The remaining amount will be used for general corporate purposes. The IPO is being managed by JM Financial, Axis Capital, and IIFL Capital Services as the lead book-running managers. Headquartered in Erode, Tamil Nadu, Milky Mist is a leading Indian dairy brand that specialises in premium value-added products such as paneer, cheese, yoghurt, ice cream, butter, ghee, and other packaged dairy items. Distinct from conventional dairy firms, Milky Mist does not sell liquid milk, allowing for stronger margins and a business model more aligned with fast-moving consumer goods (FMCG) companies. The company operates fully automated, technology-enabled manufacturing facilities and has a dedicated in-house logistics system, enabling end-to-end distribution. Milky Mist sources milk directly from over 67,000 farmers, ensuring consistent quality and supply. For FY25, the company reported revenue from operations of ₹ 2,349 crore and an EBITDA of ₹ 310 crore. Financially, the company reported operational revenue of ₹ 2,349 crore and an EBITDA (operating profit) of ₹ 310 crore for FY25.
Mint
10 hours ago
- Business
- Mint
Upcoming IPO: Tamil Nadu-based Milky Mist Dairy files DRHP for ₹2,035 crore IPO
Milky Mist Dairy Food Limited has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) on Monday, July 21, to raise up to ₹ 2,035 crore through an initial public offering (IPO). The IPO will include a fresh equity issue of ₹ 1,785 crore and an offer for sale (OFS) worth ₹ 250 crore by the company's promoters. According to the DRHP, ₹ 750 crore from the fresh issue will be used to repay existing debt, while ₹ 414 crore will go towards expanding and upgrading the company's Perundurai manufacturing plant, including setting up facilities for whey protein concentrate, yogurt, and cream cheese. An additional ₹ 129 crore is earmarked for the purchase of visi coolers, ice cream freezers, and chocolate coolers. The remaining amount will be used for general corporate purposes. The IPO is being managed by JM Financial, Axis Capital, and IIFL Capital Services as the lead book-running managers. Headquartered in Erode, Tamil Nadu, Milky Mist is a leading Indian dairy brand that specializes in premium value-added products such as paneer, cheese, yogurt, ice cream, butter, ghee, and other packaged dairy items. Distinct from conventional dairy firms, Milky Mist does not sell liquid milk, allowing for stronger margins and a business model more aligned with fast-moving consumer goods (FMCG) companies. The company operates fully automated, technology-enabled manufacturing facilities and has a dedicated in-house logistics system, enabling end-to-end distribution. Milky Mist sources milk directly from over 67,000 farmers, ensuring consistent quality and supply. For FY25, the company reported revenue from operations of ₹ 2,349 crore and an EBITDA of ₹ 310 crore. Financially, the company reported operational revenue of ₹ 2,349 crore and an EBITDA (operating profit) of ₹ 310 crore for FY25. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
a day ago
- Business
- Time of India
Milky Mist files DRHP for Rs 2,035crore IPO
CHENNAI: Milky Mist Dairy Food Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise up to Rs 2,035 crore. The offer comprises a fresh issue of up to Rs 1,785 crore and an offer for sale of up to Rs 250 crore by promoter shareholders Sathishkumar T and Anitha S. Out of the fresh issue of up to Rs 1,785 crore net proceeds, the company plans to use Rs 750 crore for repayment/ prepayment of debt, Rs 414 crore for expansion and modernisation of its manufacturing facility in Perundurai, including installation of whey protein concentrate, yogurt, and cream cheese plants. Milky Mist operates one of the largest paneer production capacities in India with a capacity of 150 metric tons per day. It plans to use Rs 129 crore for deployment of coolers, ice cream freezers and chocolate coolers and the rest towards general corporate purposes. Founded in Erode, Tamil Nadu , Milky Mist focused on premium value-added dairy products (VADPs), including paneer, cheese, yogurt, curd, ice cream, and packaged foods. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Swelling and internal bleeding in the brain, help this baby Donate For Health Donate Now Undo Through the IPO, the company aims to capitalise on the rising demand for premium value-added dairy products, enhance its manufacturing capacity and reduce debt. Milky Mist revenue from operations stood at Rs 2,349 crore in 2025 financial year, with the south Indian market accounting for 71% of its revenue. Its profit stood at Rs 46 crore, up from Rs 19 crore last year. Its EBITA margin stood at 13.2% in FY25. The company's new product launches contributed Rs 511 crore to revenue in FY25 alone. About 75.4% of revenue comes from daily consumption products like paneer, curd, yogurt, ghee and butter. JM Financial Limited, Axis Capital Limited and IIFL Capital Services Limited are the book running lead managers to the issue. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
&w=3840&q=100)
Business Standard
a day ago
- Business
- Business Standard
Milky Mist files DRHP for largest dairy IPO in India, raising ₹2,035 cr
Milky Mist Dairy Food (Milky Mist), one of India's fastest-growing packaged food companies, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise up to ₹2,035 crore through an Initial Public Offering (IPO). This will be the largest IPO in the dairy space so far. The offer comprises a fresh issue of up to ₹1,785 crore and an offer for sale of up to ₹250 crore by promoter shareholders Sathishkumar T and Anitha S. Through the IPO, the company aims to capitalize on the rising demand for premium value-added dairy products, enhance manufacturing capacity, reduce debt, and reinforce its leadership in India's dairy FMCG segment. Founded in Erode, Tamil Nadu, Milky Mist has established itself as a leading dairy brand in India, exclusively focused on premium value-added dairy products (VADPs), including paneer, cheese, yogurt, curd, ice cream, butter, ghee, and packaged foods. Unlike traditional dairy companies, Milky Mist does not sell liquid milk, enabling higher margins and strong positioning akin to FMCG companies. With fully automated, tech-driven manufacturing facilities and an in-house logistics network for end-to-end distribution and control, Milky Mist ensures quality, efficiency, and real-time traceability. The company directly connects with over 67,000 farmers, securing a steady supply of high-quality milk. The net proceeds from the fresh issue of up to ₹1,785 crore will be utilized for repayment of certain outstanding borrowings of around ₹750 crore and ₹414 crore for the expansion and modernization of the Perundurai Manufacturing Facility (including installation of whey protein concentrate, yogurt, and cream cheese plants). Around ₹129 crore will be used for the deployment of visi coolers, ice cream freezers, and chocolate coolers, with the balance allocated towards general corporate purposes (up to 25 per cent of gross proceeds as per SEBI regulations). The company's revenue from operations grew from ₹1,394 crore in FY23 to ₹2,349 crore in FY25, reflecting a strong CAGR of nearly 30 per cent. Its EBITDA stood at ₹310 crore in FY25, with an EBITDA margin of 13.2 per cent. Milky Mist commands premium pricing, with paneer and curd products priced 10–25 per cent higher than leading brands. The company's new product launches contributed ₹511 crore to revenue in FY25 alone. About 75.4 per cent of FY25 revenue comes from daily consumption products like paneer, curd, yogurt, ghee, and butter. Milky Mist operates one of the largest paneer production capacities in India at 150 metric tons per day. JM Financial Limited, Axis Capital Limited, and IIFL Capital Services Limited are the Book Running Lead Managers to the Issue. "Milky Mist is committed to sustainability with water reprocessing plants, methane-to-energy conversion, solar and wind energy generation (70–80 per cent of current needs), and eco-friendly logistics. The company also emphasizes health-focused product innovation, offering high-protein, lactose-free, and low-sugar products to cater to evolving consumer preferences," it said in a statement.
Reuters
a day ago
- Business
- Reuters
India's Milky Mist files draft papers for $236 million IPO
July 21 (Reuters) - Milky Mist has filed for a 20.35 billion rupees ($235.94 million) initial public offering, comprising a fresh issue of shares up to 17.85 billion rupees and existing offer-for-sale of 2.5 billion rupees, draft papers showed on Monday. ($1 = 86.2490 Indian rupees)
