Milky Mist Readies ₹2,000 Cr IPO, Strengthens Value‑Added Focus
Tamil Nadu–based Milky Mist Dairy Food Ltd, known for its value-added dairy products such as paneer, probiotic curd, and sweetened condensed milk, is gearing up for a ₹2,000 crore (~USD 240 million) IPO with a target valuation of around ₹20,000 crore (~USD 2.3 billion) . Unlike traditional dairies focused on liquid milk, Milky Mist intentionally avoids commoditised segments to preserve margins […]
Milky Mist Plans ₹2,000 Cr IPO to Expand Nationwide
Milky Mist, a prominent dairy brand based in Erode, Tamil Nadu, is preparing for a ₹2,000 crore initial public offering (IPO) to support its expansion across India. The company has transitioned from a private limited to a public limited entity, now operating as Milky Mist Dairy Food Limited, and has appointed independent directors Radha Venkatakrishnan […]
India’s largest paneer factory is launching a ₹2,000 crore IPO
Tucked away in a non-descript town called Perundurai within Tamil Nadu’s Erode district, Milky Mist’s differentiated dairy plant has since 2018 has churned out dairy products in droves — paneer, cheddar, gouda, butter, yoghurt and more. Its capacity of 60 tonnes of paneer churned 24X7 makes it India’s largest paneer plant at a single location. […]
Amul’s Rival Milky Mist Prepares For INR 2,000 Cr IPO
Milky Mist, a household name associated with dairy products, is preparing for a significant IPO of INR 2,000 crore. Heavyweights Axis Capital, IIFL Capital Services, and JM Financial have joined Milky Mist as merchant bankers. In order to list by the end of 2025, the issue filing is anticipated by the middle of the year. […]
Amul will never get listed or bring it’s IPO
The dairy business is not an easy space to be in. Even the best dairy industry player like Amul took decades to reach where it is today. It is a business where challenges are present all year around. But if you scale the business, these challenges tend to come down. And then comes an inflection […]
Milky Mist likely to hit stock market with IPO, seeks Rs 20,000 crore valuation
Milky Mist is planning to raise funds via initial public offering (IPO), reported MoneyControl citing sources familiar with the matter. The paneer-to-ice cream maker is looking to expand its dairy product portfolio to take on its arch rival Amul, said the report. The report said that a number of marquee Indian investment and merchant bankers […]
Dairy Tech Startup Stellapps In Talks To Raise $20 Mn To Fuel Expansion
Bengaluru-based dairy tech startup Stellapps is in advanced discussions to raise around $20 Mn in its Series C funding round, Inc42 has learnt. Almost 70% of the funding will be raised from existing investors, including Celesta Capital, Omnivore, Gates Foundation, IDH Farmfit Fund, Blume Ventures, and Qualcomm Ventures. Confirming the development, Stellapps cofounder and CEO […]
Bikanervala to go for IPO in next three years
Indian sweet, snack, and restaurant chain group Bikanervala, with revenues of over Rs 3,000 crore, is working towards an initial public offering (IPO) for its food company in the next three years. Before that, it could also bring in private equity (PE) investors. The low-profile Aggarwal family-owned group company, Bikanervala Foods (which also sells under […]
IPO is just part of a long-term play in dairy market: Dodla Dairy’s Reddys
Dodla MD Sunil Reddy (left) and BVK Reddy, the CEO with Anuradha SenGupta Dodla Dairy, which went public almost a year ago, is a Hyderabad-based milk and dairy products company that has focused on the southern market. As it begins the 25th year of its operations, the company spells out its growth plans. Moneycontrol caught up with Dodla […]
Chobani confidentially files for U.S. IPO, valuation may exceed $10 bln
Greek-yogurt maker Chobani could be valued at more than $10 billion in its initial public offering (IPO); a person familiar with the matter told Reuters on Wednesday, as the company confidentially filed regulatory paperwork for its stock market listing. The food sector has gained investor attention over the past few years; especially as fast-food chains […]