Milky Mist, one of India’s fastest-growing value-added dairy brands, is in advanced stages of pre-IPO preparation, reportedly aiming to raise ₹1,500–2,000 crore via a public issue. The company recently converted to a public limited firm and appointed independent directors, marking a key milestone in its IPO journey
💼 Milky Mist Pre-IPO Fundraising: What’s Known
While unconfirmed reports suggest a ₹357 crore pre-IPO investment round, the official details are pending. However, market insiders confirm that Milky Mist is actively engaging institutional investors and private equity funds ahead of its IPO, expected to launch in FY26.
📊 Business Snapshot
- Revenue (FY24): ₹1,900 crore
- Profit: ₹19–50 crore (depending on source)
- Valuation Target: ₹20,000 crore (~$2.3 billion)
- Employees: ~2,000
- SKUs: Over 150 products across cheese, curd, paneer, ghee, lassi, etc.
- Distribution: Over 11,000 retailers and distributors nationwide
🧭 IPO Objectives
Milky Mist plans to use the IPO proceeds to:
- Expand in North & West India (current presence is strongest in South India)
- Invest in automation & cold chain logistics
- Broaden product portfolio with high-protein dairy and health-focused offerings
- Strengthen brand and digital footprint in Tier-1 and Tier-2 cities
🔎 Why Milky Mist Matters
- It’s one of the few fully integrated dairy companies in India.
- Operates a high-tech, 1 lakh sq. ft facility in Tamil Nadu.
- Competes with Amul, Mother Dairy, Parag, and Nandini in value-added dairy.
Industry experts call Milky Mist the “Amul of South India”, thanks to its modern branding and consistent quality.
🚀 What’s Next?
- IPO Timeline: Likely in early FY26
- Investment Rounds: Final pre-IPO fundraising expected to be revealed in coming months
- SEBI Filing: Draft red herring prospectus (DRHP) could be filed by Q4 2025
✅ Final Take
The Milky Mist pre-IPO fundraising marks the beginning of an exciting chapter for the dairy brand. As the company eyes a ₹2,000 crore IPO, it is positioning itself as a national player in India’s booming dairy market. With innovation, branding, and regional dominance, Milky Mist’s public debut could be one of the most anticipated in the FMCG space.
