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Stories

Milky Mist Dairy IPO

2 entries over 13 days, from 7 August 2026 to 19 August 2026.

01
7 August

Milky Mist Dairy IPO

  • Milky Mist Dairy Food Ltd. IPO opens for subscription on August 11.
  • Price band set at ₹133-140 per share.
  • Total IPO size is ₹1,553 crore, consisting of a fresh issue of ₹1,428 crore and an Offer For Sale (OFS) of ₹125 crore.
  • IPO proceeds are designated for debt repayment and capital investment.
  • Temasek, a Singaporean sovereign fund, acquired a 5% stake in the company in May for ₹482 crore.
02
19 August

Milky Mist IPO listing

  • Milky Mist Dairy Food, an Erode-based company, successfully completed an Initial Public Offering (IPO) raising ₹1,533 crore.
  • The IPO price band was set between ₹133 and ₹140 per share.
  • The stock debuted on the BSE and NSE at ₹165 and closed its first day of trading at ₹181.45 on the BSE.
  • Singapore-based sovereign wealth fund Temasek acquired a 5% stake in the company through an investment of ₹482 crore.
  • The company, established 27 years ago, operates a manufacturing plant in Perundurai producing dairy products including paneer, curd, chocolates, and ice cream.
  • The firm reported a turnover of ₹3,200 crore for the financial year 2026.

Questions from this story

Newest first. A story that ran for 13 days is exactly the kind the mains paper asks about as one question.

  1. Discuss the significance of private equity and sovereign wealth fund investments in the growth and formalization of the Indian dairy sector. 150 words · 19 August
  2. Discuss the role of Initial Public Offerings (IPOs) in the capital structure of Indian private enterprises and the implications of foreign sovereign fund investments in the domestic dairy sector. 150 words · 7 August