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Milky Mist targets ₹1,553 crore IPO to cut debt and expand Perundurai plant
Tamil Nadu dairy brand Milky Mist will open its Rs 1,553 crore IPO on August 11 at Rs 133-Rs 140 per share. Proceeds will fund debt reduction and expansion of its Perundurai manufacturing facility.
Reported figures
From the report. Source details below
| IPO size: | Rs 1,553 crore, revised from Rs 2,035 crore |
|---|---|
| Pre-IPO placement: | Rs 357 crore |
| Fresh issue: | Rs 1,428 crore |
| Offer for sale: | Rs 125 crore |
| Debt repayment allocation: | Rs 496.8 crore |
| Borrowings: | Rs 1,390.7 crore as of May 2026 |
| Implied valuation: | over Rs 10,700 crore |
| Jongsong stake: | 5.16% |
| Lot size: | 107 shares |
The source
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